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Thu 1 Apr 2004, 16:19 DIRECTOR"S DEALINGS IN SECURITIES
STANDARD BANK GROUP LIMITED - DIRECTOR"S DEALINGS IN SECURITIES                 
  STANDARD BANK GROUP LIMITED                                                     
  Incorporated in the Republic of South Africa)                                   
  Registration number 1969/017128/06)                                             
  Share code: SBK                                                                 
  Namibian Share Code: STB                                                        
  ISIN: ZAE000038873                                                              
  ("Standard Bank Group")                                                         
  DIRECTOR"S DEALINGS IN SECURITIES                                               
  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      :31 March 2004                                         
  Nature of transaction:                                                          
  Mr. Ruck has taken delivery of ordinary shares allocated to him in terms of the 
  Standard Bank Group Share Incentive Scheme, the details of which are as follows:
  150 000 allocated on 02-09-1996 at R17.10                                       
  30 000 allocated on 01-09-1997 at R20.50                                        
  10 000 allocated on 31-08-1998 at R13.50                                        
  70 000 allocated on 30-11-1998 at R14.15                                        
  57 500 allocated on 15-03-2000 at R25.00                                        
  44 000 allocated on 27-11-2000 at R26.40                                        
  Extent of interest       :Direct beneficial                                     
  Director                 :Mr. M J D Ruck                                        
  Date of Transactions     :31 March 2004                                         
  Nature of transaction    :Mr. Ruck has sold 181 500 ordinary shares at a price  
  of R41.34 per share.                                                            
  Value of this transaction:R7 503 210                                            
  Extent of interest       :Direct beneficial                                     
  Clearance to deal        : Yes                                                  
  Johannesburg                                                                    
  1 April 2004                                                                    
  Sponsor                                                                         
  Standard Bank                                                                   
  Date: 01/04/2004 04:02:02 PM Produced by the JSE SENS Department                
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