SCIB : The Standard Bank of South Africa Limited - Adjustments to the terms and

SCIB : The Standard Bank of South Africa Limited - Adjustments to the terms and 
conditions of The Standard Bank Telkom Group Limited warrant                    
PRESS ANNOUNCEMENT                                                              
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TELKOM GROUP       
LIMITED WARRANT                                                                 
Prior Terms                                                                     
JSE     Exercise   Conversion    Expiry         Exercise Style  ISIN CODES      
Code    Price      Ratio                                                        
TKGSBL  R87.62     33.38 for 1   8 Sep 2009     American Call   ZAE000128799    
TKGSBM  R40.00     8 for 1       1 Dec 2009     American Call   ZAE000135901    
TKGSBP  R87.62     33.38 for 1   5 Aug 2009     European Put    ZAE000131959    
TKGSBQ  R30.00     10 for 1      5 Jan 2010     European Put    ZAE000136958    
Following the Telkom Group Limited ("TKG") announcement of a 260c special       
dividend of TKG , the Issuer will amend the Terms and Conditions in the         
following way to ensure that the financial position of the warrant holder is    
unprejudiced.                                                                   
New Terms                                                                       
JSE     Exercise   Conversion    Expiry      Exercise Style    ISIN CODES       
Code    Price      Ratio                                                        
TKGSBL  R85.34     32.51 for 1   8 Sep 2009  American Call     ZAE000128799     
TKGSBM  R37.53     7.51 for 1    1 Dec 2009  American Call     ZAE000135901     
TKGSBP  R85.34     32.51 for 1   5 Aug 2009  European Put      ZAE000131959     
TKGSBQ  R28.15     9.38 for 1    5 Jan 2010  European Put      ZAE000136958     
The Issuer services division of the JSE Limited has approved the adjustment of  
the above-mentioned warrants, and the adjustments will be effective from 13 July
2009.                                                                           
Date: 13/07/2009 11:10:04 Supplied by www.sharenet.co.za                     
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.