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Thu 17 May 2007, 17:05 SCIB - Standard Bank - Issue of variable equity se
SBTPV1
 SCIB                                                                            
SCIB - Standard Bank - Issue of variable equity security                        
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
ISSUE OF VARIABLE EQUITY SECURITY                                               
Underlying Instrument              DTOP (FTSE/JSE Shareholder                  
                                       Weighted TOP40 Index)                    
       Issue size                             15 000                            
      Issue Price                           R 1,000.00                          
VES Style                             European                           
       Reset Date                            14-May-08                          
  Final Delivery Date                        14-May-15                          
     Initial Index                            5391.74                           
Floor as a %                           100.5026%                          
       Cap as a %                             119.86%                           
    Market Leverage                            100%                             
       Averaging         16/04/08; 23/04/08; 30/04/08; 07/05/08; 14/05/08       
ISIN Code                           ZAE000097408                         
     JSE Short Name                          SBVES009                           
        JSE Code                              SBSWV4                            
         Sector                          Other Securities                       
Listing Date                           18-May-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 18 May 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: 17/05/2007 17:05:01 Produced by the JSE SENS Department.
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