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Tue 23 Dec 2008, 17:18 SCIB - The Standard Bank of South Africa Limited - Adjustments To The Terms And
JSE   GRTSIE
SCIB                                                                            
SCIB - The Standard Bank of South Africa Limited - Adjustments To The Terms And 
Conditions Of The Standard Bank Growthpoint Properties Ltd Share Instalments    
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK GROWTHPOINT        
PROPERTIES LTD SHARE INSTALMENTS                                                
Following the Growthpoint Properties Ltd ("GRT") Rights Offer announcement, GRT 
share holders will receive rights to take up 1 Growthpoint Properties Ltd       
("GRT") share for every 10 shares held at a price of R13.60.                    
Following this announcement, notice is hereby given that the terms of the GRTSIE
share instalments will be adjusted to place the share instalment in the same    
financial position they were prior to the rights offer ex-date.                 
The following share instalments will be affected by this corporate action:      
Existing Terms                                                                  
ISIN           JSE      Exercise Conversion Expiry  Exercise                    
             Code     Price    Ratio             Style                          
ZAE000129235   GRTSIE   R6.75    1:1        25-Nov- American                    
                                       2009    Call                             
New Terms                                                                       
ISIN           JSE      Exercise Conversion Expiry  Exercise                    
Code     Price    Ratio             Style                          
ZAE000129235   GRTSIE   R6.50    1:1        25-Nov- American                    
                                       2009    Call                             
The last day to trade before this adjustment is made will be 23rd December 2008.
The Effective Date of the adjustment shall be 24th December 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.                                                                     
Please note that Share Instalments are subject to selling restrictions and      
prospective purchases are referred to the relevant Conditions Annexure for      
details of such restrictions.                                                   
Date: 23/12/2008 17:18:26 Produced by the JSE SENS Department.                  
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