Standard Bank Group - Update On Fulfilment Of Conditions Precedent To
SBK
SBK - Standard Bank Group - Update On Fulfilment Of Conditions Precedent To
Transaction With Industrial And Commercial Bank Of China Limited ("ICBC")
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")
UPDATE ON FULFILMENT OF CONDITIONS PRECEDENT TO TRANSACTION WITH INDUSTRIAL AND
COMMERCIAL BANK OF CHINA LIMITED ("ICBC")
Further to the announcement released on the Securities Exchange News Service of
the JSE Limited and published in the press on Tuesday, 18 December 2007 and
Wednesday, 19 December 2007, respectively, Standard Bank Group shareholders are
advised that the China Banking Regulatory Commission has granted its
unconditional approval of the acquisition by ICBC of 20% of the ordinary shares
in Standard Bank Group.
Standard Bank Group will make an announcement to shareholders in relation to:
- the fulfilment of the remaining conditions precedent to the transaction as set
out in the scheme document dated 16 November 2007; and
- the further details of the implementation of the transaction,
by no later than the close of business on 14 February 2008.
Johannesburg
4 February 2008
Investment bank and joint sponsor to Standard Bank Group
Standard Bank
Legal advisers to Standard Bank Group
Bowman Gilfillan Inc
Financial adviser and independent sponsor to Standard Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Sponsor to Standard Bank Group in Namibia
Simonis Storm Securities (Proprietary) Limited
Date: 04/02/2008 17:30:31 Produced by the JSE SENS Department.
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