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Mon 19 Nov 2007, 8:52 SCIB - The Standard Bank Of South Africa - Adjustm
JSE   FSRSTB
 SCIB                                                                            
SCIB - The Standard Bank Of South Africa - Adjustments To The Terms And         
              Conditions Of The Firstrand Ltd Share Instalments                 
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
NOTICE OF ADJUSTMENT                                                            
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE FIRSTRAND LTD SHARE INSTALMENTS  
Following the Firstrand Limited ("FSR") announcement of the unbundling of       
Discovery Holdings LTD ("DSY"), FSR share holders will be receiving 5.61343 DSY 
shares for every 100 FSR shares held, notice is hereby given to share instalment
holders of FSR share instalments that the Issuer will amend the terms and       
conditions of the share instalments as indicated below, holders the share       
instalment ("FSRSTB") will also be receiving 5.61343 DSYSTB share instalments   
for every 100 FSRSTB share instalments held.                                    
Existing Terms                                                                  
JSE      Exercise   Conversion    Expiry        Exercise      ISIN CODES        
Code     Price      Ratio                       Style                           
FSRSTB   R17.75     1 for 1       12 Sep 2008   American      ZAE000103669      
                                               Call                             
New Terms                                                                       
JSE      Exercise   Conversion    Expiry        Exercise      ISIN CODES        
Code     Price      Ratio                       Style                           
FSRSTB   R16.60     1 for 1       12 Sep 2008   American      ZAE000103669      
                                               Call                             
New Instalment                                                                  
JSE Code  Exercise  Conversio  Expiry            Exercise     ISIN CODES        
         Price     n Ratio                      Style                           
DSYSTB    R20.58    1 for 1    12 Sep 2008       American     ZAE000109849      
                                                Call                            
The JSE Limited Issuer Services Division has approved the adjustment of the     
above-mentioned share instalments, and the Effective Date of the adjustment will
be 19 November 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: 19/11/2007 08:52:01 Produced by the JSE SENS Department.                  
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