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Mon 16 Apr 2012, 9:29 SCIB - Standard Bank of South Africa Limited - Adjustments to the terms and
JSE   OMLSBEOMLSBFOMLSBP
SCIB                                                                            
SCIB - Standard Bank of South Africa Limited - Adjustments to the terms and     
conditions of the Standard Bank Old Mutual warrants                             
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK OLD MUTUAL         
WARRANTS                                                                        
PRESS ANNOUNCEMENT                                                              
Prior Terms                                                                     
JSE Code  Exercis  Conversio  Expiry     Exercise  ISIN CODES                   
         e Price  n Ratio               Style                                   
OMLSBE    R 15.00  4          05-Jul-12  American  ZAE00016207                  
                                        Call      9                             
OMLSBF    R 19.00  5          04-Sep-12  American  ZAE00016368                  
                                        Call      9                             
OMLSBP    R 16.00  4          04-Sep-12  European  ZAE00016369                  
                                        Put       7                             
Following the OLD MUTUAL PLC (OML)announcement of a R2.2138 special dividend    
as well as the 7 for 8 share  consolidation of  OML shares held, 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  Exercis  Conversio  Expiry      Exercise ISIN CODES                   
         e Price  n Ratio                Style                                  
OMLSBE    R 15.16  4.04       05-Jul-12   American ZAE000162079                 
Call                                   
OMLSBF    R 19.20  5.05       04-Sep-12   American ZAE000163689                 
                                         Call                                   
OMLSBP    R 16.17  4.04       04-Sep-12   European ZAE000163697                 
Put                                    
The Issuer services division of the JSE Limited has approved the adjustment     
of the above-mentioned warrants, and the adjustments will be effective from     
16 April 2012.                                                                  
Date: 16/04/2012 09:29:01 Produced by the JSE SENS Department.                  
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