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Tue 27 Feb 2007, 8:58 Standard Bank Of South Africa - Issue Of Variable
SBTPV1
 SCIB                                                                            
Standard Bank Of South Africa - Issue Of Variable Equity Securities             
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
ISSUE OF VARIABLE EQUITY SECURITIES                                             
Underlying Instrument                  TOPI 40                                 
       Issue size                       396 400                                 
      Issue Price                     R 1,000.00                                
       VES Style                       European                                 
Reset Date                      19-Nov-07                                
  Final Delivery Date                  19-Nov-15                                
     Initial Index                     24029.73                                 
      Floor as a %                     100.3764%                                
Cap as a %                       113.08%                                 
    Market Leverage                      100%                                   
       Averaging        29/10/07; 05/11/07; 12/11/07; 19/11/07                  
       ISIN Code                     ZAE000093167                               
JSE Short Name                    SBVES001                                 
        JSE Code                        SBTPV1                                  
         Sector                    Other Securities                             
The Issuer Services Division of the JSE Limited ("JSE") has approved the        
listing of the abovementioned Variable Equity Security and trading will         
commence on 27 February 2007.                                                   
This is issue was done as a private placement with the full allotment being     
taken up by one counterparty.                                                   
All trading will occur according to normal JSE Rules. Settlement will be        
effected electronically through STRATE.                                         
Copies of the warrant program and pricing supplement are available at the       
address stated below.                                                           
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact :                                               
Standard Bank Equity Derivatives                                                
Tel 011 378 7131                                                                
Sponsor                                                                         
Corporate and Investment Banking ("CIB")                                        
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 27/02/2007 08:58:47 Produced by the JSE SENS Department.                  
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