Change To The Chief Executive: Personal And Business Banking Group Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) JSE share code: SBK NSX share code: SNB ISIN: ZAE000109815 ("Standard Bank Group" or "the Group") CHANGE TO THE CHIEF EXECUTIVE: PERSONAL AND BUSINESS BANKING GROUP After 10 very successful years leading the Standard Bank Group’s Personal and Business Bank (PBB), Peter Schlebusch has decided to step down as Chief Executive: PBB Group. Peter will be taking a four- month sabbatical starting in April, and we will announce his new role on his return from this well- deserved break. Subject to receiving the necessary approvals from the South African Reserve Bank, Zweli Manyathi has been appointed to succeed Peter as Chief Executive: PBB Group. Sim Tshabalala, Group Chief Executive, Standard Bank, says, ‘Peter put an enormous amount of time, effort and energy into building the great business that PBB has become. ‘Peter has been equally dedicated and successful in leading the Group’s modernisation as it becomes a digital financial services organisation. I am immensely grateful to Peter for his unwavering commitment to the Standard Bank Group.’ ‘We are fortunate that Peter has built a very strong team in PBB. We therefore had no reason to look for his successor beyond the Group and Zweli Manyathi emerged as the best candidate to succeed Peter as Chief Executive: PBB Group.’ Zweli Manyathi, 56, holds a B Com (Honours) in Financial Management and has attended the Professional Development Programme (New York) and the Senior Executive Programmes of both Wits Business School and Harvard Business School. Zweli has had a 33-year career in the financial services industry to date, joining Standard Bank in 2009. Until his appointment as Chief Executive: Personal and Business Banking, he served as Chief Executive, PBB for Africa Regions (the Group’s Personal and Business Bank in Africa beyond South Africa). During his tenure in this role, Zweli greatly strengthened our PBB client franchise and grew client revenues substantially. As a member of PBB’s Executive Committee, the Group Management Committee and – from now on – the Group Executive Committee, Zweli has been and remains central to the design and execution of the Standard Bank Group’s strategy. T S Gcabashe Chairman Johannesburg 2 March 2018 Sponsor The Standard Bank of South Africa Limited Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited Date: 02/03/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.