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Thu 22 May 2008, 17:28 SCIB: SBSWV4 - The Standard Bank Of South Africa L
JSE   SBSWV4
SCIB                                                                            
SCIB: SBSWV4 - The Standard Bank Of South Africa Limited - Reset of variable    
equity security - SBSWV4                                                        
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
RESET OF VARIABLE EQUITY SECURITY - SBSWV4                                      
The JSE Limited ("JSE") has approved the reset in respect of the                
abovementioned                                                                  
Variable Equity Security on 15 May 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          15-May-09                                             
  Final Delivery Date     14-May-15                                             
     Initial Index        5391.74                                               
     Floor as a %         113.2898%                                             
Cap as a %          145.9766%                                             
    Market Leverage       100%                                                  
       Averaging          16/04/09; 23/04/09; 30/04/09; 07/05/09;               
                          14/05/09                                              
ISIN Code          ZAE000097408                                          
    JSE Short Name        SBVES009                                              
       JSE Code           SBSWV4                                                
        Sector            Other Securities                                      
Listing Date         18-May-07                                             
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: 22/05/2008 17:28:02 Produced by the JSE SENS Department.                  
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