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Wed 29 Oct 2008, 16:37 SCIB: REISTC / BTISTC - The Standard Bank of South Africa - Adjustments to the
JSE   REISTC
SCIB                                                                            
SCIB: REISTC / BTISTC - The Standard Bank of South Africa - Adjustments to the  
    Terms and Conditions of the Standard Reinet Securities Share Instalments    
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD REINET SECURITIES SHARE 
INSTALMENTS                                                                     
A holder of 100 REISTC share instalments prior to the capital reduction, will   
post the reduction have 13.7 REISTC and 6.11 BTISTC share instalments. The terms
of the new share instalments were determined at the close of business on 28     
October 2008.                                                                   
The following share instalments will be affected by this corporate action:      
Existing Terms                                                                  
ISIN           JSE Code     Exercise  Conversion   Expiry       Exercise Style  
                         Price     Ratio                                        
ZAE000128252   REISTC       R15.46    1:1          22-Sep-2009  American Call   
New Terms                                                                       
ISIN           JSE Code     Exercise   Conversion  Expiry       Exercise Style  
                         Price      Ratio                                       
ZAE000128849   BTISTC       R229.40    1:1         22-Sep-2009  American Call   
                                                                                

ZAE000128252   REISTC       R10.54     1:1         22-Sep-2009  American Call   
                                                                                
                                                                                
The last day to trade to qualify for the capital reduction is the 27th October  
2008. The Effective Date of the adjustment shall be 28th October 2008.          
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of   
the above-mentioned share instalments.                                          
This Notice together with the Common Terms Document and Conditions Annexure     
record the terms and conditions of the agreement between the Parties.  Any terms
used in this Notice which are defined in the Common Terms Document, Conditions  
Annexure and the relevant Supplements shall bear the meaning ascribed to them   
therein, unless specifically stated otherwise herein.  Other than as set out    
herein, the terms and conditions set out in the Common Terms Document,          
Conditions Annexure and relevant Supplements remain unchanged and in full force 
and effect.                                                                     
Date: 29/10/2008 16:37:03 Produced by the JSE SENS Department.                  
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