Financial information provided to ICBC and update on the group’s operational performance Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa JSE share code: SBK ISIN: ZAE000109815 NSX share code: SNB (“Standard Bank Group” or “the group”) Financial information provided to the Industrial and Commercial Bank of China Limited (“ICBC”) and update on the group’s operational performance for the nine months ended 30 September 2018 Financial information provided to ICBC On a quarterly basis the Standard Bank Group discloses to ICBC sufficient information to enable ICBC to equity account the group's results. Accordingly, the following consolidated financial information, prepared on an International Financial Reporting Standards (“IFRS”) basis, is being provided to ICBC for the nine months ended 30 September 2018. Statement of changes in ordinary shareholders' equity for the nine months ended 30 September 2018 Balance at 1 IFRS 9 Earnings Other movements Balance as at January 2018 transition attributable to for the period 30 September adjustment ordinary 2018 shareholders Rm Rm Rm Rm Rm Ordinary share capital 162 162 Ordinary share premium 17 901 (273) 17 628 Foreign currency translation and hedging reserve (7 193) 2 989 (4 204) Foreign currency translation reserve (FCTR) (6 116) 3 0131 (3 103) Foreign currency net investment and cash flow hedging reserve (1 077) (24) (1 101) Retained earnings 144 539 (5 302)2 19 946 (17 437)3 141 746 Empowerment reserve and treasury shares (1 373) (167) (1 540) Other 2 984 (959)2 (694) 1 331 Ordinary shareholders’ equity 157 020 (6 261) 19 946 (15 582) 155 123 1 The movement in the FCTR is primarily as a result of the weakening of the Rand against the US Dollar and other African currencies. 2 For more information on the IFRS 9 transition adjustment, please refer to the Standard Bank Group’s IFRS 9 Transition Report which is available on the group’s Investor Relations website, http://reporting.standardbank.com/resultsreports.php 3 Primarily comprises the ordinary dividends declared in March and August 2018 and transactions with non- controlling shareholders. Update on the group’s performance for the nine months to 30 September 2018 For the nine months to 30 September 2018, the South African banking business performance reflected the difficult domestic operating environment. In contrast, the Africa Regions businesses outside of South Africa recorded strong growth. Net interest income, although supported by slightly stronger asset growth in the three months to 30 September 2018, grew slower than non-interest revenue. Operating expense growth remained above income growth resulting in negative jaws. Credit impairment charges continued to be well managed, with a strong performance in Africa Regions partially offset by additional charges in South Africa. In the nine months to 30 September 2018, banking activities headline earnings grew slightly faster than group earnings and headline adjustable items were not significant. Earnings attributable to ordinary shareholders were 4% higher than recorded in the nine months to 30 September 2017. The group’s Basel III disclosure as at 30 September 2018 will be released in November 2018. With the exception of the reasonable assurance report issued by the group’s external auditors on the IFRS 9 transition adjustment, the information contained in this announcement and that on which the operational performance update is based has not been reviewed nor reported on by the group's external auditors. Johannesburg 18 October 2018 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: 18/10/2018 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.