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Mon 26 Jan 2009, 14:25 SCIB : The Standard Bank Of South Africa - Issue of variable equity security
JSE   SBSW20
SCIB                                                                            
SCIB : The Standard Bank Of South Africa - Issue of variable equity security    
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
ISSUE OF VARIABLE EQUITY SECURITY                                               
Underlying Instrument    "                                                      
FTSE/JSE Shareholder Weighted Index"                                            
Issue size                         15,000                                       
Issue Price                        R 1,000.00                                   
VES Style                          European                                     
Reset Date                         14-Jan-10                                    
Final Delivery Date                16-Jan-17                                    
Initial Index                      4,027.11                                     
Floor as a %                       100.5026%                                    
Cap as a %                         121.05%                                      
Market Leverage                    100%                                         
Averaging                          17/12/09; 24/12/09; 31/12/09; 07/01/10;      
14/01/10                                      
ISIN Code                          ZAE000132023                                 
JSE Short Name                     SBVES029                                     
JSE Code                           SBSW20                                       
Sector                             Other Securities                             
Listing Date                       21-Jan-09                                    
The Issuer Services Division of the JSE Limited ("JSE") has approved the listing
of the abovementioned Variable Equity Security and trading commenced on 21      
January 2009.                                                                   
This issue was done as a private placement with the full allotment being taken  
up by one counterparty.                                                         
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                                                                         
Standard Bank                                                                   
(Registration number 1962/000738/06)                                            
Date: 26/01/2009 14:25:03 Produced by the JSE SENS Department.                  
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