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Mon 25 May 2009, 11:07 SCIB : The Standard Bank of South Africa Limited - Adjustments to the terms and
JSE
SCIB                                                                            
SCIB : The Standard Bank of South Africa Limited - Adjustments to the terms and 
conditions of the Standard Bank Telkom Group Limited warrant                    
PRESS ANNOUNCEMENT                                                              
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TELKOM GROUP       
LIMITED WARRANT                                                                 
Prior Terms                                                                     
JSE Code       Exercise    Conversion  Expiry         Exercise  ISIN            
              Price       Ratio                      Style     CODES            
TKGSBL         R105.00     40 for 1    8 Sep 2009     American  ZAE000128       
                                                     Call      799              
TKGSBP         R105.00     40 for 1    5 Aug 2009     European  ZAE000131       
                                                     Put       959              
Following the Telkom Group Limited ("TKG") announcement of a 1900c special      
dividend of TKG , the Issuer will amend the Terms and Conditions in the         
following way to ensure that the financial position of the warrant holder is    
unprejudiced.                                                                   
New Terms                                                                       
JSE Code       Exercise    Conversion   Expiry        Exercise  ISIN            
Price       Ratio                      Style     CODES            
TKGSBL         R87.62      33.38 for 1  8 Sep 2009    American  ZAE000128       
                                                     Call      799              
TKGSBP         R87.62      33.38 for 1  5 Aug 2009    European  ZAE000131       
Put       959              
The Issuer services division of the JSE Limited has approved the adjustment of  
the above-mentioned warrants, and the adjustments will be effective from 25 June
2009.                                                                           
Date: 25/05/2009 11:07:03 Produced by the JSE SENS Department.                  
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