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Tue 15 Sep 2009, 9:53 SCIB: PSGSID - The Standard Bank of South Africa Limited - Adjustments To The
JSE   PSGSID
SCIB                                                                            
SCIB: PSGSID - The Standard Bank of South Africa Limited - Adjustments To The   
Terms And Conditions Of The Standard Bank PSG Group Limited Share Instalments   
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK PSG GROUP LIMITED  
SHARE INSTALMENTS                                                               
Following the PSG Group Ltd ("PSG") Rights Offer announcement, PSG share holders
will receive rights to take up 1 Paladin Capital Ltd ("PLD") share for every    
2.38095 PSG shares held at a price of R1.17                                     
Following this announcement, notice is hereby given that the terms of the PSGSID
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 Code  Exercise   Conversion   Expiry        Exercise Style   
Price      Ratio                                         
                                                                                
ZAE000125761   PSGSID    R9.00      1:1          22 Sep 2009   American Call    
                                                                                
New Terms                                                                       
ISIN           JSE Code  Exercise   Conversion   Expiry        Exercise Style   
                      Price      Ratio                                          
                                                                                
ZAE000125761                                                                    
             PSGSID    R8.78      1:1          22 Sep 2009   American Call      
The Effective Date of the adjustment shall be 15th September 2009.              
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: 15/09/2009 09:53:03 Produced by the JSE SENS Department.                  
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