Financial information provided to the Industrial and Commercial Bank of China Limited (“ICBC”) Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa JSE and A2X 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 three months ended 31 March 2019 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 three months ended 31 March 2019. Statement of changes in ordinary shareholders' equity for the three months ended 31 March 2019 Balance at 1 Earnings Other movements Balance as at January 2019 attributable to for the period 31 March 2019 ordinary shareholders Rm Rm Rm Rm Ordinary share capital 162 162 Ordinary share premium 17 698 17 698 Foreign currency translation and hedging reserve (2 977) (1 317) (4 294) Foreign currency translation reserve (FCTR) (1 800) (1 366)1 (3 166) Foreign currency net investment and cash flow hedging reserve (1 177) 49 (1 128) Retained earnings 149 118 6 644 (9 723)2 146 039 Empowerment reserve and treasury shares (2 358) 1 245 (1 113) Other 3 418 1 630 5 048 Ordinary shareholders’ equity 165 061 6 644 (8 165) 163 540 1 The movement in the FCTR was mainly impacted by the introduction of the RTGS dollar in Zimbabwe. 2 Primarily comprises the ordinary dividends declared in March 2019. Update on the group’s performance for the three months to 31 March 2019 In the three months to 31 March 2019 (1Q19), the South African banking business performance continued to be impacted by the difficult domestic operating environment. In contrast, the Africa Regions businesses, outside of South Africa, recorded strong growth. Net interest income growth was supported by year-on-year loan growth. Non-interest revenue growth was supported by an increase in trading revenue. Operating expenses were elevated due to costs related to the branch closures. Credit impairment charges were higher than in the prior year primarily due to the non-repeat of prior year releases in Africa Regions. In 1Q19, earnings attributable to ordinary shareholders were 8% higher than in the comparative period. During the period the headline earnings adjustable items were negligible. The group’s Basel III disclosure as at 31 March 2019 will be released in May 2019. The information contained in this announcement and that on which the operational performance update is based has not been reviewed and reported on by the group's external auditors. Johannesburg 24 April 2019 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: 24/04/2019 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.