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Mon 10 Sep 2007, 15:30 SBKDBN/SBKDBW - Deutsche Bank AG - Standard Bank G
JSE
 DEUT                                                                            
SBKDBN/SBKDBW - Deutsche Bank AG - Standard Bank Group Ltd - Warrant Notice     
Deutsche Bank AG                                                                
STANDARD BANK GROUP LTD WARRANT NOTICE                                          
Holders of the Warrants below are referred to the notice to shareholders of     
Standard Bank Group Ltd, regarding the Standard Bank Group Ltd capital          
reduction.                                                                      
Due to the capital reduction on SBK (ex capital reduction date: 10/09/2007), the
following changes to the strike and cover ratio for the below SBK warrants will 
take place on Monday morning, 10 September 2007:                                
Deutsche Bank AG will make the following adjustments to the terms and conditions
of the Warrant below:                                                           
Previous Parameters                                                             
Code     ISIN Code      Type  Expiry         Previous Strike/   Previous        
                                            Barrier Price      Cover Ratio      
SBKDBN   DE0000DB9DLS7  AC    10-Jan-2008    120.00             40.00           
SBKDBW   DE0000DB9DLT5  EP    10-Jan-2008    105.00             40.00           
Adjusted Parameters                                                             
Code     ISIN Code      Type  Expiry         Adjusted          Adjusted         
                                            Strike/Barrier    Cover Ratio       
Price                               
SBKDBN   DE0000DB9DLS7  AC    10-Jan-2008    118.7884          39.5961          
SBKDBW   DE0000DB9DLT5  EP    10-Jan-2008    103.9398          39.5961          
The above adjustments will be made from the start of trading on 10 September    
2007.                                                                           
The effects of the adjustments will place the holders in the same position, had 
the corporate action not taken place.                                           
For further information contact Deutsche Securities (Pty) Limited, 3 Exchange   
Square, 87 Maude Street, Sandton: (Tel (011) 775-7994 or e-mail x-              
markets@db.co.za)                                                               
Date: 10/09/2007 15:30:06 Produced by the JSE SENS Department.                  
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