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Thu 17 Apr 2008, 17:26 SCIB - SBSWV2 - The Standard Bank Of South Africa
JSE   SBSWV2
 SCIB                                                                            
SCIB - SBSWV2 - The Standard Bank Of South Africa - Reset Of Variable Equity    
                                       Security - SBSWV2                        
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
RESET OF VARIABLE EQUITY SECURITY - SBSWV2                                      
The JSE Limited ("JSE") has approved the reset in respect of the abovementioned 
Variable Equity Security on 17 April 2008.                                      
The abovementioned Variable Equity Security is reset per the                    
details below:                                                                  
  Underlying Instrument        DTOP  (FTSE/JSE Shareholder                      
                                  Weighted TOP40 Index)                         
        Issue size                        15 000                                
Issue price                      R 1,000.00                              
        VES Style                        European                               
        Reset Date                      16-Apr-09                               
   Final Delivery Date                  16-Apr-15                               
Initial Index                      5488.45                                
       Floor as a %                     107.1046%                               
        Cap as a %                      136.2592%                               
     Market Leverage                       100%                                 
Averaging             19/03/09; 26/03/09; 02/04/09;                     
                                    09/04/09; 16/04/09                          
        ISIN Code                      ZAE000096160                             
      JSE Short Name                     SBVES006                               
JSE Code                         SBSWV2                                
          Sector                     Other Securities                           
All trading will occur according to normal JSE Rules. Settlement will be        
effected electronically through STRATE.                                         
Copies of the warrant program and pricing supplement are available at the       
address stated below.                                                           
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact :                                               
Standard Bank Equity Derivatives                                                
Tel 011 378 7131                                                                
Sponsor                                                                         
Corporate and Investment Banking ("CIB")                                        
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 17/04/2008 17:26:03 Produced by the JSE SENS Department.                  
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