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Wed 24 Mar 2004, 17:59 THE STANDARD BANK ISSUE OF STOCK WARRANTS
THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF STOCK WARRANTS             
  ISSUE OF STOCK WARRANTS                                                         
  Underlying Instrument   Issue    Exercise  Ratio   Warrant    Exercise  JSE     
  size     Price             Style      Date      Codes   
  IMPALA PLATINUM         100      R 575.00  150     American   11-Nov-04 IMPSBD  
  HOLDINGS LTD            MILLION                    Call                         
  DIMENSION DATA PLC      100      R 4.50    2       American   12-Oct-04 DDTSBD  
  MILLION                    Call                         
  ANGLO AMERICAN PLATINUM 100      R 330.00  100     American   11-Nov-04 AMSSBI  
  CORPORATION LTD         MILLION                    Call                         
  SAB MILLER PLC          100      R 76.00   20      American   11-Nov-04 SABSBA  
  MILLION                    Call                         
  The JSE Securities Exchange SA Listings Division  has approved the listing of   
  the abovementioned warrants and trading will commence on 25 March 2004.         
  All members of the JSE may participate in trading which will occur according to 
  normal JSE Rules. Settlement will be effected 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 Limited.                                      
  (Registration Number 1962/000738/06)                                            
  3 Simmonds Street                                                               
  Johannesburg                                                                    
  2001                                                                            
  For further information contact :                                               
  Standard Bank Warrants                                                          
  Tel 0800 111 780                                                                
  Contact us : derivatives@standardbank.co.za                                     
  Sponsor :                                                                       
  Standard Bank                                                                   
  Date: 24/03/2004 03:55:39 PM Produced by the JSE SENS Department                
                                                                                  
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