The Standard Bank of South Africa Limited - Increase in issue size announcement

The Standard Bank of South Africa Limited - Increase in issue size announcement 
                    in relation to ASASBI Call Warrant and to FSRSBT Put Warrant
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
Share Code: ASASBI                                                              
ISIN Code: ZAE000069647                                                         
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO ASASBI CALL WARRANT          
The JSE Listings division has approved the increase in the issue size from 20   
million to 40 million in respect of the ASASBI call warrant with effect from the
commencement of trade on Wednesday, 5 October 2005 due to the following reasons:
1.   The further issue represents only a small portion of the market            
     capitalisation of the company.                                             
2.   This is well below the limit set by the JSE.                               
3.   There is massive demand for the ASASBI CALL warrant at present and we wish 
     to match this demand in order to satisfy the market and fulfill our        
     position as market maker.                                                  
4.   We need to increase the issue size in order to prevent the warrant from    
     trading up above fair value and thereby jeopardising people who purchase   
     the warrant at inflated levels.                                            
There are no changes to the terms and conditions of the warrant or to the       
underlying share. All documentation submitted for the initial listing of the    
warrant, dated 15 of May 2005 therefore remain relevant.                        
The terms and conditions of the warrant are as follows:                         
   JSE Code                   ASASBI                                            
Short Name                 SB ASA CI                                         
   Long Name                  SB ASA R100 CI 20:1 FEB06                         
   Underlying Share           Absa Group Ltd                                    
   Type                       American Call                                     
Expiration Date            02 February 2006                                  
   Strike Price               R100.00                                           
   Cover Ratio                20 Warrants exercisable into 1 Share              
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
Share Code: FSRSBT                                                              
ISIN Code: ZAE000070538                                                         
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO FSRSBT PUT WARRANT           
The JSE Listings division has approved the increase in the issue size from 20   
million to 40 million in respect of the FSRSBT PUT warrant with effect from the 
commencement of trade on Tuesday, 27 September 2005 due to the following        
reasons:                                                                        
1.   The further issue represents only a small portion of the market            
capitalisation of the company.                                             
2.   This is well below the limit set by the JSE.                               
3.   There is massive demand for the FSRSBT PUT warrant at present and we wish  
     to match this demand in order to satisfy the market and fulfill our        
position as market maker.                                                  
4.   We need to increase the issue size in order to prevent the warrant from    
     trading up above fair value and thereby jeopardising people who purchase   
     the warrant at inflated levels.                                            
There are no changes to the terms and conditions of the warrant or to the       
underlying share. All documentation submitted for the initial listing of the    
warrant, dated 15 of May 2005 therefore remain relevant.                        
The terms and conditions of the warrant are as follows:                         
JSE Code                   FSRSBT                                            
   Short Name                 SB FSR PT                                         
   Long Name                  SB FSR 1475 PT 4:1 JAN06                          
   Underlying Share           Firstrand Ltd                                     
Type                       European Put                                      
   Expiration Date            05 January 2006                                   
   Strike Price               R14.75                                            
   Cover Ratio                4 Warrants exercisable into 1 Share               
For further information contact:                                                
Standard Bank                                                                   
Tel 0800 111 780                                                                
Email: derivatives@standardbank.co.za                                           
Sponsor: Standard Bank                                                          
Date: 03/10/2005 04:35:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department