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Mon 22 Oct 2007, 11:12 MLASBK - Standard Bank - Adjustments to the terms
JSE   MLASBK
 SCIB                                                                            
MLASBK - Standard Bank - Adjustments to the terms and conditions of The Standard
Bank Mittal Steel SA Ltd Warrant                                                
NOTICE OF ADJUSTMENT                                                            
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK MITTAL STEEL SA LTD
WARRANT ("MLASBK")                                                              
Following the Mittal Steel SA Limited ("MLA") announcement of a capital         
repayment of R4.04 per MLA share, notice is hereby given to warrantholders of   
MLASBK that the Issuer will amend the terms and conditions of the MLASBK as     
indicated below, to place the warrantholder in the same financial position they 
were prior to the capital repayment.                                            
Existing Terms                                                                  
JSE Code  Exercise    Conversion      Expiry      Exercise       ISIN CODES     
         Price       Ratio                       Style                          
MLASBK    R130.00     35 for 1        6 Mar 2008  American Call  ZAE000103248   
New Terms                                                                       
JSE Code  Exercise    Conversion      Expiry      Exercise        ISIN CODES    
         Price       Ratio                       Style                          
MLASBK    R126.35     34.02 for 1     6 Mar 2008  American Call   ZAE000103248  
The JSE Limited Issuer Services Division has approved the adjustment of the     
above-mentioned warrants, and the Effective Date of the adjustment will be 22   
October 2007.                                                                   
This Notice together with the Common Terms Document, Conditions Annexure and the
relevant Supplements record the terms and conditions of the agreement between   
the Parties.  Any terms used in this Notice which are defined in the Common     
Terms Document and Conditions Annexure shall bear the meaning ascribed to them  
therein, unless specifically stated otherwise herein.  Other than as set out    
herein, the terms and conditions set out in the Common Terms Document,          
Conditions Annexure and relevant Supplements remain unchanged and in full force 
and effect.                                                                     
Copies of the warrant issue documentation may be obtained from:                 
The Standard Bank Of South Africa Limited.                                      
(Registration Number 1962/000738/06)                                            
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact:                                                
Standard Bank Warrants                                                          
Tel 0800 111 780                                                                
e-mail: derivatives@standardbank.co.za                                          
Sponsor:                                                                        
Standard Financial Markets (Pty) Ltd                                            
(Registration Number: 1972/008305/07)                                           
An authorised user of the JSE Limited                                           
Date: 22/10/2007 11:12:01 Produced by the JSE SENS Department.                  
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