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Thu 18 Dec 2008, 13:19 SCIB : SBSW15 - The Standard Bank Of South Africa Limited - Reset of variable
JSE   SBSW15
SCIB                                                                            
SCIB : SBSW15 - The Standard Bank Of South Africa Limited - Reset of variable   
equity security - SBSW15                                                        
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
RESET OF VARIABLE EQUITY SECURITY - SBSW15                                      
The JSE Limited ("JSE") has approved the reset in respect of the abovementioned 
Variable Equity Security on 18 December 2008.                                   
The abovementioned Variable Equity Security is reset per the details below:     
Underlying Instrument                   "DTOP(FTSE/JSE Shareholder Weighted     
                                       TOP40 Index)"                            
Initial Issue size                      15,000                                  
Reset Issue Size                        14,925                                  
Initial Issue price                     R 1,000.00                              
VES Style                               European                                
Reset Date                              15-Dec-09                               
Final Delivery Date                     15-Dec-15                               
Initial Index                           5874.81                                 
Floor as a %                            101.0104%                               
Cap as a %                              121.1089%                               
Market Leverage                         100%                                    
Averaging                               17/11/09; 24/11/09; 01/12/09; 08/12/09; 
                                       15/12/09                                 
ISIN Code                               ZAE000112280                            
JSE Short Name                          SBVES021                                
JSE Code                                SBSW15                                  
Sector                                  Other Securities                        
Initial Listing Date                    21-Dec-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: 18/12/2008 13:19:21 Produced by the JSE SENS Department.                  
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