Board Succession In Respect Of The Chairman Of The Group Audit Committee 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") BOARD SUCCESSION IN RESPECT OF THE CHAIRMAN OF THE GROUP AUDIT COMMITTEE In line with the provisions of Standard Bank Group’s Memorandum of Incorporation, Richard Dunne will be retiring at the Group’s next annual general meeting to be held on 24 May 2018. Richard is an independent non-executive director and chairman of the Group Audit Committee (GAC). Upon his retirement, Richard Dunne will be succeeded by Gesina Maria Beatrix (Trix) Kennealy as chairman of the GAC, effective from the close of the annual general meeting. Trix Kennealy, an independent non-executive director, was appointed to the Group’s board in 2016 and is a member of the Group Audit, Group Risk and Capital Management and Remuneration committees. She holds a BCom (Pretoria), BCom (Hons)(UJ), CA(SA) and has extensive business and financial experience. She is also the chairman of the Accounting Standards Board and a non-executive director of Sasol Limited. T S Gcabashe Chairman Johannesburg 9 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: 09/03/2018 07:05:00 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.