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Fri 7 May 2010, 9:15 SCIB - The Standard Bank of South Africa Limited - Adjustments To The Terms And
JSE   LBTSICLBTSTC
SCIB                                                                            
SCIB - The Standard Bank of South Africa Limited - Adjustments To The Terms And 
Conditions Of The Standard Bank Liberty International Plc Share Instalments     
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK LIBERTY            
INTERNATIONAL PLC SHARE INSTALMENTS                                             
Further to the announcement made by Liberty International PLC on 5 February     
2010, Liberty International has announced its intention to separate into two    
businesses by way of a demerger, Capital Shopping Centres Group PLC and Capital 
& Counties Properties PLC.                                                      
Following this announcement, notice is hereby given that all Standard Bank LBT  
share instalments will be traded as a basket of the 2 shares.                   
The following warrants will be affected by this corporate action:               
Existing Terms                                                                  
ISIN           JSE      Exercise Conversion Expiry       Exercise Style         
             Code     Price    Ratio                                            
ZAE000140711   LBTSIC   R30.00   1:1        28-Sep-10    American Call          
ZAE000135604   LBTSTC   R37.50   1:1        01-Jun-10    American Call          
The Effective Date of the adjustment shall be 10th May 2010.                    
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of   
the above-mentioned 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.                                                                     
Date: 07/05/2010 09:15:02 Produced by the JSE SENS Department.                  
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