SBK/SNB - Standard Bank Group - Benefits to be der
SBK
SBK
SBK/SNB - Standard Bank Group - Benefits to be derived from the strategic
partnership
Standard Bank Group Limited
Incorporated in the Republic of South Africa
Registration number 1969/017128/06
JSE Share code: SBK
NSX Share code: SNB
ISIN: ZAE000057378
("Standard Bank Group")
BENEFITS TO BE DERIVED FROM THE STRATEGIC PARTNERSHIP
Further to the Standard Bank Group announcement dated 25 October 2007, in
which shareholders were advised that Standard Bank Group and Industrial and
Commercial Bank of China Limited ("ICBC") had, on 25 October 2007, concluded
agreements to form a strategic partnership, shareholders are advised that
negotiations between Standard Bank Group and ICBC have been ongoing
regarding the specific areas of business co-operation between the partners.
At the investor presentation to be held at 10:00 at the Cape Town
International Conference Centre on Friday, 23 November 2007, Standard Bank
Group and ICBC management, will expand on the strategic rationale of the
transaction and provide further information on the proposed strategic co-
operation between Standard Bank Group and ICBC, including estimates of the
incremental earnings expected to be derived by Standard Bank Group from the
business co-operation to be undertaken with ICBC.
The presentation will be broadcast live on Summit TV together with a
conference call and a live webcast on the Standard Bank Group website, at
http://www.standardbank.co.za/site/investor/Investor_relations_announcement.
html
The full text of the presentation will be available on the Standard Bank
Group website at the address indicated above from 09:30 on Friday, 23
November 2007.
Johannesburg
22 November 2007
Investment bank and joint sponsor to Standard Bank Group
Standard Bank
Independent sponsor to Standard Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Sponsor to Standard Bank Group in Namibia
Simonis Storm Securities (Proprietary) Limited
Date: 22/11/2007 14:00:07 Produced by the JSE SENS Department.
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