Conditions for SOA

RNS Number:5768O
Standard Bank of South Africa Ltd
22 February 2008



SBK / SNB - Standard Bank Group Limited - Fulfilment of conditions precedent and 
implementation information
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
JSE Share code: SBK
NSX Share code: SNB
ISIN: ZAE000057378
("Standard Bank Group")

FULFILMENT OF CONDITIONS PRECEDENT AND IMPLEMENTATION INFORMATION

Further to the announcement released on the Securities Exchange News Service
("SENS") of the JSE Limited ("JSE") and published in the press on Monday, 4
February 2008 and Tuesday, 5 February 2008, respectively, Standard Bank Group
announces that the outstanding conditions precedent to the scheme of arrangement
in terms of section 311 of the Companies Act, 1973, as amended, proposed by
Industrial and Commercial Bank of China Limited ("ICBC"), between Standard Bank
Group and its ordinary shareholders ("the Scheme"), and the specific issue of
shares for cash to ICBC have now been fulfilled.

Accordingly, the dates and times for the implementation of the transaction are
as follows:

Effective date of the transaction on                 Friday, 15 February 2008

Last day to trade Standard Bank Group
ordinary shares on the JSE in order for ordinary
shareholders to be eligible to receive the
scheme consideration on                              Friday, 22 February 2008

Standard Bank Group ordinary shares will trade
under the new ISIN number ZAE000109815 from the
commencement of trading on the JSE on                Monday, 25 February 2008

Record date, being the date on which
ordinary shareholders must be recorded in
the register of members of Standard Bank Group
in order to be scheme participants
and so become entitled to receive the scheme
consideration, at close of business on               Friday, 29 February 2008

Operative date of the Scheme, at the
commencement of trading on the JSE on                Monday, 3 March 2008

The scheme consideration to be transferred
or posted (as the case may be),
and new share certificates to be posted
to certificated scheme participants whose
documents of title are received by the
transfer secretaries on or before the record date,
on or about                                           Monday, 3 March 2008
or
Failing receipt of documents of title
on or before 12h00 on the record date, within five
business days of receipt thereof by the
transfer secretaries
The scheme consideration to be credited to
dematerialised scheme participants'
accounts held at their CSDPs or brokers
and share balances updated with respect
thereto on                                            Monday, 3 March 2008

Current share certificates may not be dematerialised or rematerialised after
Friday, 22 February 2008.
Johannesburg
14 February 2008
Investment bank and joint sponsor to Standard Bank Group
Standard Bank
Legal advisers to Standard Bank Group
Bowman Gilfillan Inc
Financial adviser and lead sponsor to Standard Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Sponsor to Standard Bank Group in Namibia
Simonis Storm Securities (Proprietary) Limited
Financial adviser to ICBC
Goldman Sachs International
Financial adviser to ICBC
ICEA Capital Limited
International legal advisers to ICBC
Linklaters LLP
South African legal advisers to ICBC
Webber Wentzel Bowens
Date: 14/02/2008 16:00:01 Produced by the JSE SENS Department.

The SENS service is an information dissemination service administered by the
JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.




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