Standard Bank Group Limited - Redemption of Tier I
Standard Bank Group Limited - Redemption of Tier II bonds by SBSA
Standard Bank Group Limited
Incorporated in the Republic of South Africa
Registration number: 1969/017128/06
JSE Share code: SBK
Namibian Share code: SNB
ISIN: ZAE000057378
Redemption of Tier II bonds by SBSA
On 01 December 2000 The Standard Bank of South Africa Limited ("SBSA") issued
R1.5 billion subordinated callable bonds qualifying as secondary capital
("SBK2"). These bonds are subject to terms and conditions as set out in the
offering circular dated 28 November 2000 ("Offering Circular").
In terms of the Offering Circular, the stated maturity of the bonds is 2
December 2010. The SBK2 bonds are however redeemable at the option of SBSA on 2
December 2005, subject to the prior written approval of the Registrar of Banks.
Pursuant to condition 6.2 of the terms and conditions of the SBK2 bonds set out
in the Offering Circular and having obtained the requisite prior written
approval from the Registrar of Banks, SBSA hereby gives notice that it will
redeem the R1.5 billion SBK2 bonds on 2 December 2005 at face value together
with any interest accrued to that date.
For further information, please contact:
Norbert Hoffmann (Director: Group Capital Management)
tel 011 636 3712; e-mail: norbert.noffmann@standardbank.co.za
Simon Ridley (Chief Financial Officer)
tel 011 636 3756; e-mail: simon.ridley@standardbank.co.za
Date: 10/10/2005 07:00:13 AM Produced by the JSE SENS Department
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