Resignation of non-executive director STANDARD BANK GROUP LIMITED Incorporated in the Republic of South Africa Registration number 1969/017128/06 JSE and A2X Share code: SBK Namibian Share Code: SNB ISIN: ZAE000109815 (“Standard Bank Group” or “the Company”) RESIGNATION OF A NON-EXECUTIVE DIRECTOR In compliance with section 3.59 of the Listings Requirements of the JSE Limited, Standard Bank Group announces the resignation of Dr Hao Hu as non-executive director on the boards of directors of Standard Bank Group and The Standard Bank of South Africa Limited with immediate effect. Consequently, Dr Hu also steps down as the deputy chairman of Standard Bank Group. Dr Hu is one of two non-executive directors nominated by Industrial and Commercial Bank of China Limited (“ICBC”) to serve on Standard Bank Group’s board of directors. ICBC as a 20% shareholder of Standard Bank Group is entitled to nominate two non- executive directors for appointment to the board of the Company, one of whom serves as deputy chairman. ICBC will nominate a replacement candidate in due course. The Boards extend their appreciation to Dr Hu for his contribution to the group. Johannesburg 24 February 2020 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: 24-02-2020 05:48:00 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.
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