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Tue 27 Feb 2007, 7:58 HVLSIB - Standard Bank - Dividend in relation to t
      HVLSIB
 SCIB                                                                            
    HVLSIB - Standard Bank - Dividend in relation to the HVL Share Instalment   
    THE STANDARD BANK OF SOUTH AFRICA LIMITED                                   
    Share Code: HVLSIB & ISIN Code: ZAE000079943                                

    Dividend announcement in relation to the HVL share instalment               
    Notice is hereby given that as a result of a dividend declaration relating  
    to Highveld Steel and Vanadium Corporation Limited (HVL) the holders of     
HVLSIB share instalments will receive a Highveld Steel and Vanadium         
    Corporation Limited (HVL) ordinary dividend of 350c and a special dividend  
    of 100c per security.                                                       
    Last date to trade cum dividend            Friday, 02 March 2007            
Ex-dividend Date                           Monday, 05 March 2007            
    Record Date                                Friday, 09 March 2007            
    Payment Date                               Monday, 12 March 2007            
    For further information contact:                                            
Standard Bank                                                               
    Tel 0800 111 780                                                            
    Email: derivatives@standardbank.co.za                                       
                                                                                
Sponsor: Standard Bank                                                      
Date: 27/02/2007 07:58:23 Produced by the JSE SENS Department.                  
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