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 SA Ltd Warrants                          
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TELKOM SA LTD      
WARRANTS                                                                        
Following the Telkom SA Ltd ("TKG") unbundling announcement, TKG share holders  
will receive 1 Vodacom ("VOD") share for every 1 TKG share held.                
Following this announcement, notice is hereby given that all TKG warrants will  
be traded as Basket Warrants where the price of the warrant will be calculated  
based on the combined prices of TKG and VOD.                                    
The following warrants will be affected by this corporate action:               
Existing Terms                                                                  
ISIN           JSE Code     Exercise   Conversion  Expiry         Exercise Style
                         Price      Ratio                                       
ZAE000128799   TKGSBL       R105.00    40:1        08-Sep-09      American Call 
ZAE000131959   TKGSBP       R105.00    40:1        05-Aug-09       European Put 
The last day to trade to qualify for the unbundling is the 15th May 2009.  The  
Effective Date of the adjustment shall 18th May 2009.                           
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of   
the above-mentioned warrants.                                                   
This Notice together with the Common Terms Document and Conditions Annexure     
record the terms and conditions of the agreement between the Parties.  Any terms
used in this Notice which are defined in the Common Terms Document, Conditions  
Annexure and the relevant Supplements shall bear the meaning ascribed to them   
therein, unless specifically stated otherwise herein.  Other than as set out    
herein, the terms and conditions set out in the Common Terms Document,          
Conditions Annexure and relevant Supplements remain unchanged and in full force 
and effect.                                                                     
Date: 14/05/2009 12:47:02 Supplied by www.sharenet.co.za                     
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