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Tue 24 Jun 2008, 15:51 SCIB - SBSWV5 - The Standard Bank Of South Africa - Reset Of Variable Equity
JSE   SBSWV5
SCIB                                                                            
SCIB - SBSWV5 - The Standard Bank Of South Africa - Reset Of Variable Equity    
                   Security - SBSWV5                                            
The Standard Bank Of South Africa Limited                                       
RESET OF VARIABLE EQUITY SECURITY - SBSWV5                                      
The JSE Limited ("JSE") has approved the reset in respect of the abovementioned 
Variable Equity Security on 24 June 2008.                                       
                                                                                
The abovementioned Variable Equity Security is reset per                        
the details below:                                                              
  Underlying                      DTOP                                          
  Instrument              (FTSE/JSE Shareholder                                 
Weighted TOP40 Index)                                 
  Issue size                     15 000                                         
  Issue price                  R 1,000.00                                       
   VES Style                    European                                        
Reset Date                    17-Jun-09                                       
Final Delivery                  17-Jun-15                                       
     Date                                                                       
 Initial Index                   4844.38                                        
Floor as a %                   111.8656%                                       
  Cap as a %                    144.0859%                                       
Market Leverage                   100%                                          
   Averaging          20/05/09; 27/05/09; 03/06/09;                             
10/06/09; 17/06/09                                   
   ISIN Code                  ZAE000099131                                      
JSE Short Name                  SBVES011                                        
   JSE Code                      SBSWV5                                         
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: 24/06/2008 15:51:09 Produced by the JSE SENS Department.                  
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