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SBK SBPP
SBK
Standard Bank- Results of a Private Placement of Preference Shares
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)
(JSE share code: SBPP)
(ISIN: ZAE000056339)
("Standard Bank Group")
RESULTS OF A PRIVATE PLACEMENT OF 13 157 895 NON-REDEEMABLE, NON-CUMULATIVE, NON
PARTICIPATING PREFERENCE SHARES ("PREFERENCE SHARES") ("PRIVATE PLACEMENT")
1. INTRODUCTION
Shareholders are referred to the announcement dated 5 May 2006 relating to
the proposed private placement of the preference shares amounting to
between R1 billion and R2 billion during May 2006.
2. RESULTS OF THE PRIVATE PLACEMENT
Standard Bank Group is pleased to announce that, in terms of the private
placement, 13 157 895 preference shares at an aggregate value of R1.5
billion, were placed with institutional investors at a price of R114 per
share, at an effective 63% of prime.
3. LISTING ON THE JSE LIMITED ("JSE")
The JSE has granted Standard Bank Group a listing of the 13 157 895
additional preference shares in the Specialist Securities - "Preference
Shares" sector with effect from Tuesday, 23 May 2006.
The preference shares will be allotted and issued, against receipt of
payment from their Central Securities Depository Participants, to
institutions who applied for preference shares, on Tuesday, 23 May 2006.
4. PURCHASE OF PREFERENCE SHARES BY THE DIRECTORS OF STANDARD BANK GROUP
In terms of section 3.63 of the JSE Listings Requirements, the directors
have participated in the private placement and received the allocations as
set out in the table below:
Name of directors Number of Aggregate Nature of
preference value holding
shares (R)
D D B Band
2 193 250 002 Direct
beneficial
E Bradley* 26 316 3 000 024 Indirect
beneficial
J H Maree (Chief Executive) 8 772 1 000 008 Direct
beneficial
J H Maree (Chief Executive)# 1 755 200 070 Indirect
non-beneficial
R P Menell* 4 386 500 004 Direct
beneficial
M J D Ruck+ 43 860 5 000 040 Direct
beneficial
Dr. C B Strauss* 17 544 2 000 016 Indirect
beneficial
* Independent non-executive director
Non-executive director
+ Executive director
# Allocated to Mrs S Maree, wife of J H Maree
The required clearance in terms of section 3.66 of the JSE Listings Requirements
was obtained.
Johannesburg
22 May 2006
Investment bank and sponsor
Standard Bank
Independent lead sponsor
Deutsche
Date: 22/05/2006 11:32:05 AM Produced by the JSE SENS Department
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