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Thu 30 May 2002, 0:00 Stanbic - Director Transaction In Securities
STANBIC - DIRECTOR TRANSACTION IN SECURITIES                                    
Standard Bank Investment Corporation Limited                                    
Incorporated in the Republic of South Africa)                                   
Registration number 1969/017128/06)                                             
Share code: SBC                                                                 
Namibian Share Code: STB                                                        
ISIN: ZAE000014858                                                              
("Stanbic")                                                                     
In compliance with rule 3.72 of the JSE Listing Requirements, the following     
information is disclosed:                                                       
Director:                Mr. M J D Ruck                                         
Date of Transaction:     29 May 2002                                            
Nature of transaction:   Purchase of 500 000 Call Warrants                      
                         (Warrant code 4SBCDB) over Stanbic                     
                         shares at a strike price of R32.00.                    
Price of Warrants:       54 cents per warrant                                   
Extent of interest:      Beneficial
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