Standard Bank Group Limited - Private placement of
SBK SBPP
SBK
Standard Bank Group Limited - 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
Private placement of preference shares
The Standard Bank Group maintains appropriate levels of capital
consistent with the risk profile of business undertaken, anticipated
growth in risk-weighted assets and possible acquisitions. Non-
redeemable, non-cumulative preference shares form an integral part of the
group"s capital structure; and these shares are issued periodically to
maintain a cost effective tier I capital base.
Accordingly, the group intends to privately place further preference
shares to selected investors at an effective 70% of prime interest rate.
It is anticipated that (subject to demand) between R500 million and R1
billion of preference shares will be issued pursuant to this placement
which is expected to close on 1 December 2006.
For further information, please contact:
Norbert Hoffmann (Director: Group Capital Management) tel 011 636 3712; e-
mail: norbert.hoffmann@standardbank.co.za
Simon Ridley (Chief Financial Officer) tel 011 636 3756; e-mail:
simon.ridley@standardbank.co.za
1 November 2006
Sponsor
Standard Bank
Date: 01/11/2006 01:50:04 PM Produced by the JSE SENS Department
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