66ZZ Morgan St. 30

    RNS Number : 5147U
  Standard Bank of South Africa Ltd
  15 May 2008
   

    SBK - Standard Bank Group - Financial Information Provided To ICBC, No
Change Statement And Notice Of Annual General Meeting
Standard Bank Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
South African Share Code: SBK
Namibian Share Code: SNB
ISIN: ZAE000109815
("Standard Bank" or "the group")

Financial Information Provided To ICBC, No Change Statement And Notice Of Annual General Meeting Financial information provided to the
Industrial and Commercial Bank of China ("ICBC") The transaction through which ICBC acquired a 20% shareholding in Standard Bank was
implemented on Monday, 3 March 2008.

ICBC's results for the quarter ended 31 March 2008 include equity-accounted earnings of Standard Bank for the month of March 2008.

The following consolidated financial information relating to Standard Bank, prepared on an IFRS basis, has been disclosed to ICBC for
purposes of ICBC's take-on of its investment in Standard Bank and its equity accounting of Standard Bank's results for the month of March
2008:

1 March 2008 group equity balances (R million):
 Ordinary share capital and premium                 1 371
 Foreign currency translation and hedging reserves  5 227
 Retained earnings                                  55 381
 Empowerment reserve and treasury shares            (4 188)
 Other                                              1 691
 Ordinary shareholders' equity                      59 482



    
Earnings for the month of March 2008 Consolidated earnings attributable to ordinary shareholders for the month of March amounted to R1 164
million.

Significant reserve movements for the month of March 2008 Significant reserve movements for the month of March were a gain of R1 301 million
on foreign currency translation and hedging reserves and a gain of R1 034 million on the empowerment and treasury share reserve.

Ordinary shareholders' equity as at 31 March 2008 amounted to R76 234 million including the R15 971 million issuance of ordinary share
capital to ICBC on 3 March 2008 and after deducting the ordinary dividend of R2 920 million declared on 5 March 2008.

The above information has not been reviewed or reported on by the group's auditors.

No change statement and notice of annual general meeting Shareholders are advised that the annual financial statements of the group for the
year ended 31 December 2007 will be posted to shareholders on 29 April 2008 and contain no modifications to the audited results which were
published on 5 March 2008 and subsequently posted to shareholders. PricewaterhouseCoopers Inc. and KPMG Inc. audited the results and the
annual financial statements of the group and their reports remain available for inspection at the registered office of Standard Bank. An
online version of the annual report will be available on our website on 29 April 2008.

Notice is hereby given that the 36th Annual General Meeting of Standard Bank shareholders will be held at HP de Villiers Auditorium, Ground
Floor, Standard Bank Centre, 6 Simmonds Street, Johannesburg on 28 May 2008 at 09:30 to transact the business stated in the notice of the
Annual General Meeting, which was issued together with the annual report containing the annual financial statements of the group for the
year ended 31 December 2007.

As is customary, the group will provide an update on trading conditions following the Annual General Meeting. The group's interim results
for the period ended 30 June 2008 will be released on 13 August 2008.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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