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Mon 20 Jan 2003, 17:05 THE STANDARD BANK OF SOUTH AFRICA LTD - ISSUE OF S
THE STANDARD BANK OF SOUTH AFRICA LTD                                           
Registration Number 1962/000738/06                                              
THE STANDARD BANK OF SOUTH AFRICA LTD                                           
       ISSUE OF STOCK WARRANTS                                                  
Underlying      Issue size  Exercise   Ratio   Warrant   Exercise    JSE Codes  
Instrument                  Price             Style     Date                    
ANGLOGOLD LTD.  100         R 330.00   150     American  10-Jul-03   ANGSBB     
                MILLION                      Call                               
BHP BILLITON    100         R 52.00    15      American  10-Jul-03   BILSBA     
plc             MILLION                      Call                               
FIRSTRAND LTD   100         R 8.20     3       American  10-Jul-03   FSRSBA     
                MILLION                      Call                               
GOLDFIELDS LTD  100         R 110.00   50      European  10-Jun-03   GFISBP     
                MILLION                      Put                                
ISCOR LTD       100         R 26.00    15      American  10-Jul-03   ISCSBA     
                MILLION                      Call                               
RICHEMONT       100         R 17.50    8       American  10-Jul-03   RCHSBA     
SECURITIES AG   MILLION                      Call                               
SAPPI LTD       100         R 135.00   50      American  10-Jun-03   SAPSBA     
                MILLION                      Call                               
SASOL LTD       100         R 115.00   40      American  10-Jun-03   SOLSBE     
                MILLION                      Call                               
SASOL LTD       100         R 95.00    25      European  10-Jun-03   SOLSBP     
                MILLION                      Put                                
GOLDFIELDS LTD  100         R 135.00   75      American  10-Jun-03   GFISBF     
                MILLION                      Call                               
HARMONY GOLD    100         R 160.00   75      American  10-Jun-03   HARSBC     
MINING COMPANY  MILLION                      Call                               
LTD.                                                                            
SANLAM LTD.     100         R 8.30     2       American  10-Jul-03   SLMSBA     
MILLION                      Call                               
ISSUE OF INDEX                                                                  
WARRANTS                                                                        
Underlying      Issue size  Strike      Ratio  Warrant   Exercise    JSE Codes  
Instrument                                   Style     Date                     
JSE TOP 40      100         9600       1000    European  19-Jun-03   TOPSBA     
INDEX           MILLION                      Call                               
JSE TOP 40      100         8500       1000    European  19-Jun-03   TOPSBP     
INDEX           MILLION                      Put                                
The JSE Securities Exchange SA Listings Divivsion  has approved the listeing    
of the abovementioned warrants and trading will commence on 21 January 2003     
All members of the JSE may participate in trading which will occur according    
to normal JSE Rules. Settlement will be affected electronically through         
STRATE.                                                                         
Copies of the warrant program and pricing supplement are available              
at the offices stated below.                                                    
Copies of the Offering Circular may be obtained from:                           
The Standard Bank Of South Africa Ltd.                                          
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact :                                               
Standard Bank Warrants                                                          
Tel 0800 111 780                                                                
Internet : www.warrants.co.za                                                   
Date: 20/01/2003 04:55:33 PM Produced by the JSE SENS Department
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