Availability Of The Standard Bank Group Limited Annual Financial Statements Standard Bank Group Limited (Incorporated with limited liability under Registration Number 1969/017128/06 in The Republic of South Africa) Issuer Code: SBKI (“the Company”) AVAILABILITY OF THE STANDARD BANK GROUP LIMITED ANNUAL FINANCIAL STATEMENTS As per the JSE Debt Listings Requirements, Noteholders are advised that the Annual Financial Statements for Standard Bank Group Limited, for the year ended 31 December 2020 have been made available on the Company’s website: https://reporting.standardbank.com/results-reports/annual-reports/ Noteholders are also advised that the issuer’s audit reports were unqualified and the following restatements of the previously published annual financial statements occurred: 1. During the current reporting period, following a review of the allocation of interest funding to the trading book, it was identified that trading book revenue was erroneously allocated from the trading revenue to interest income rather than the interest expenditure being allocated from interest expense to trading revenue. The correction of this allocation is equal and opposite on interest income and interest expense line items and did not impact the Standard Bank Group’s (the group) net interest income, trading revenue, profit for the year, earning per share (basic and diluted), headline earnings, the statement of financial position or key ratios. 2. During 2020, the comprehensive review of the terms and conditions of all the group's policyholder contracts was finalised. This was done as part of the preparation work for adopting IFRS 17 Insurance Contracts which is effective from 1 January 2023. The review highlighted that one legacy portfolio of linked life annuities (which has not been sold since 2002), contained a certain element of insurance risk within the contracts due to the guarantees on death and survival. The portfolio had, since the group’s adoption of IFRS in 2005, been incorrectly classified as an investment contract within the scope of IFRS 9 Financial Instruments (previously IAS 39 Financial Instruments) and a portion as investment contracts with discretionary participation feature under IFRS 4 Insurance Contracts (IFRS 4). Application of the existing applicable IFRS 4 standard requires these contracts to be reclassified as insurance contracts. The change in valuation is immaterial and therefore the reclassification has not resulted in changes to the portfolio's liability measurement and the group's net asset value or prior earnings. This is a closed book of business, with no premiums receivable and only claims (annuity payments) reflecting in the statement of comprehensive income. Thus, the correction did not impact the group’s profit for the year, earning per share (basic and diluted), headline earnings, the statement of financial position, key ratios or statement of cash flow. Refer to the group’s annual financial statements for further details on the restatements listed above. Johannesburg 13 April 2021 Debt Sponsor The Standard Bank of South Africa Limited Date: 13-04-2021 01:40:00 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.