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Thu 29 Mar 2007, 9:08 SCIB - Standard Bank - Issue of two variable equit
SBTPV1
 SCIB                                                                            
SCIB - Standard Bank - Issue of two variable equity securities                  
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
ISSUE OF TWO VARIABLE EQUITY SECURITIES                                         
Details of Instrument One:                                                      
  Underlying Instrument                 TOPI 40                                 
        Issue size                      210 000                                 
       Issue Price                     R1,000.00                                
VES Style                       European                                
        Reset Date                     25-Sep-07                                
   Final Delivery Date                 25-Sep-15                                
      Initial Index                     23997.31                                
Floor as a %                    100.2507%                                
        Cap as a %                      108.33%                                 
     Market Leverage                      100%                                  
        Averaging             11/09/07; 18/09/07; 25/09/07                      
ISIN Code                     ZAE000094058                              
      JSE Short Name                    SBVES005                                
         JSE Code                        SBTPV5                                 
          Sector                    Other Securities                            
Listing Date                    29-Mar-07                                
The Issuer Services Division of the JSE Limited ("JSE") has approved the listing
of the abovementioned Variable Equity Security and trading will commence on 29  
March 2007.                                                                     
This issue was done as a private placement with the full allotment being taken  
up by one counterparty.                                                         
All trading will occur according to normal JSE Rules.                           
Settlement will be effected electronically through STRATE.                      
Copies of the warrant program and pricing supplement are available at the       
address stated below.                                                           
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact:                                                
Standard Bank Equity Derivatives                                                
Tel 011 378 7131                                                                
Sponsor                                                                         
Corporate and Investment Banking ("CIB")                                        
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 29/03/2007 09:08:00 Produced by the JSE SENS Department.
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