Basel III capital adequacy, leverage ratio and liquidity coverage ratio disclosure as at 31 March 2021 Standard Bank Group Limited (Incorporated in the Republic of South Africa) Registration No. 1969/017128/06 JSE and A2X share code: SBK NSX share code: SNB ISIN: ZAE000109815 SBKP ZAE000038881 (First preference shares) SBPP ZAE000056339 (Second preference shares) (“Standard Bank Group” or “the group”) Basel III capital adequacy, leverage ratio and liquidity coverage ratio disclosure as at 31 March 2021. In terms of the requirements under Regulation 43(1)(e)(iii) of the regulations relating to banks, Directive 11/2015 and Directive 1/2018 issued in terms of section 6(6) of the Banks Act (Act No. 94 of 1990), minimum disclosure on the capital adequacy of the group and its leverage ratio is required on a quarterly basis. This disclosure is in accordance with Pillar 3 of the Basel III accord. Standard Bank Group capital adequacy and leverage ratio March 2021 (Rm) Ordinary share capital and premium 18 017 1 Ordinary shareholders' reserves 160 538 Qualifying Common Equity Tier I non-controlling interest 7 437 Regulatory deductions against Common Equity Tier I capital (20 506) Common Equity Tier I capital 165 486 Unappropriated profit (11 091) Common Equity Tier 1 capital excl. unappropriated profit 154 395 Qualifying other equity instruments 9 290 Qualifying Tier I non-controlling interest 1 444 Tier I capital excl. unappropriated profit 165 129 Qualifying Tier II subordinated debt 21 146 General allowance for credit impairments 5 827 Tier II capital 26 973 Total regulatory capital excl. unappropriated profit 192 102 March 2021 (Rm) Credit risk 107 423 Counterparty credit risk 7 476 Equity risk in the banking book 1 859 Market risk 8 093 Operational risk 19 625 Investments in financial entities 6 401 Total minimum regulatory capital requirement 2 150 877 March 2021 Capital Adequacy Ratio (excl. unappropriated profit) Total capital adequacy ratio (%) 15.3 Tier I capital adequacy ratio (%) 13.1 Common Equity Tier I capital adequacy ratio (%) 12.3 Capital Adequacy Ratio (incl. unappropriated profit) Total capital adequacy ratio (%) 16.2 Tier I capital adequacy ratio (%) 14.0 Common Equity Tier I capital adequacy ratio (%) 13.2 Leverage ratio Tier I capital (excl. unappropriated profit) (Rm) 165 129 Tier I capital (incl. unappropriated profit) (Rm) 176 220 Total exposures (Rm) 2 255 616 Leverage ratio (excl. unappropriated profits, %) 7.3 Leverage ratio (incl. unappropriated profits, %) 7.8 Note: 1 Including unappropriated profits. 2 Measured at 12% and excludes confidential bank-specific capital requirements and the Pillar 2A buffer requirement that has been temporarily removed in response to the Covid-19 pandemic. There is currently no requirement for the countercyclical buffer add-on in South Africa or in other jurisdictions in which the group has significant exposures. The Standard Bank of South Africa Limited (SBSA) and its subsidiaries’ capital adequacy and leverage ratio March 2021 (Rm) Ordinary share capital and premium 49 313 1 Ordinary shareholders' reserves 50 951 Regulatory deductions against Common Equity Tier I capital (10 772) Common Equity Tier I capital 89 492 Unappropriated profit (5 714) Common Equity Tier 1 capital excl. unappropriated profit 83 778 Qualifying other equity instruments 8 741 Tier I capital excl. unappropriated profit 92 519 Qualifying Tier II subordinated debt 18 983 General allowance for credit impairments 3 195 Tier II capital 22 178 Total regulatory capital excl. unappropriated profit 114 697 March 2021 (Rm) Credit risk 67 069 Counterparty credit risk 6 203 Equity risk in the banking book 844 Market risk 5 646 Operational risk 12 135 Investments in financial entities 1 291 Total minimum regulatory capital requirement 2 93 188 March 2021 (Rm) Capital Adequacy Ratio (excl. unappropriated profit) Total capital adequacy ratio (%) 15.4 Tier I capital adequacy ratio (%) 12.4 Common Equity Tier I capital adequacy ratio (%) 11.2 Capital Adequacy Ratio (incl. unappropriated profit) Total capital adequacy ratio (%) 16.2 Tier I capital adequacy ratio (%) 13.2 Common Equity Tier I capital adequacy ratio (%) 12.0 Leverage ratio Tier I capital (excl. unappropriated profit) (Rm) 92 519 Tier I capital (incl. unappropriated profit) (Rm) 98 233 Total exposures (Rm) 1 743 278 Leverage ratio (excl. unappropriated profits, %) 5.3 Leverage ratio (incl. unappropriated profits, %) 5.6 Note: 1 Including unappropriated profits. 2 Measured at 12.5% and excludes any confidential bank-specific capital requirements and the Pillar 2A buffer requirement that has been temporarily removed in response to the Covid-19 pandemic. There is currently no requirement for the countercyclical buffer add-on in South Africa or in other jurisdictions in which the group has significant exposures. Liquidity Coverage Ratio (LCR) In terms of the Basel III requirements in Directive 11/2014 issued in terms of section 6(6) of the Banks Act, (Act No. 94 of 1990), banks are directed to comply with the minimum disclosure on the liquidity coverage ratio (LCR) on both a Standard Bank Group consolidated as well as SBSA Solo entity level. This disclosure is in accordance with Pillar 3 of the Basel III liquidity accord. The LCR is designed to promote short-term resilience of the 30-calendar day liquidity profile, by ensuring that banks have sufficient high quality liquid assets (HQLA) to meet potential outflows in a stressed environment. In light of the effects of Covid-19 on the South African market, the SARB has amended the minimum requirements relating to the liquidity coverage ratio (LCR) from 100% to 80% (effective 1 April 2020) to provide temporary liquidity relief to banks, in line with the intention of the Basel III LCR framework, and to promote continued provision of credit by banks. No temporary relief has been applied to the net stable funding ratio (NSFR). Standard Bank Group SBSA Solo Consolidated 31 March 2021 31 March 2021 Rm Rm Total HQLA 346 110 224 656 Net cash outflows 245 047 189 278 LCR (%) 141.2 118.7 Minimum requirement (%) 80.0 80.0 Note: 1. Only banking and/or deposit taking entities are included. The group data represents a consolidation of the relevant individual net cash outflows and the individual HQLA portfolios, where surplus HQLA holdings in excess of the minimum requirement of 80% have been excluded from the aggregated HQLA figure in the case of all Africa Regions entities. 2. The above figures reflect the simple average of 90 days of daily observations over the quarter ended 31 March 2021 for SBSA including SBSA Isle of Man branch, Stanbic Bank Ghana, Stanbic Bank Uganda, Stanbic IBTC Bank Nigeria, Standard Bank Namibia, Standard Bank Isle of Man Limited and Standard Bank Jersey Limited. The remaining Africa Regions banking entities results are based on the average of the month-end data points as at 31 January 2021, 28 February 2021 and 31 March 2021. The figures are based on the regulatory submissions to the SARB. 3. The SBSA Solo disclosure excludes foreign branches. Net Stable Funding Ratio In terms of the Basel III requirements in Directive 8/2017 issued in terms of section 6(6) of the Banks Act, (Act No. 94 of 1990), banks are directed to comply with the minimum disclosure on the net stable funding ratio (NSFR) on both a Standard Bank Group consolidated as well as SBSA Solo entity level. This disclosure is in accordance with Pillar 3 of the Basel III liquidity accord. The objective of the Basel III Net stable funding ratio (NSFR) is to promote funding stability and resilience in the banking sector by requiring banks to maintain a stable funding profile in relation to the composition of assets and off-balance sheet activities. . Standard Bank Group Consolidated SBSA Solo 31 March 2021 31 March 2021 Rm Rm Available stable funding 1 305 320 907 300 Required stable funding 1 058 512 830 889 NSFR (%) 123.3 109.2 Minimum requirement (%) 100.0 100.0 The information contained in this announcement has not been reviewed and reported on by the group's external auditors. Johannesburg 25 May 2021 Lead sponsor The Standard Bank of South Africa Limited Independent sponsor JP Morgan Equities South Africa Proprietary Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited Date: 25-05-2021 08:00:00 Produced by the JSE SENS Department. 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