STANDARD BANK GROUP LIMITED - Financial information provided to to ICBC for the three months ended 31 March 2025

Financial information provided to to ICBC for the three months ended 31 March 2025

Standard Bank Group Limited
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com

Share codes
JSE share code: SBK ISIN: ZAE000109815
NSX share code: SNB ZAE000109815
A2X share code: SBK
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond code: SBKI
("Standard Bank Group" or "the group")

Financial information provided to the Industrial and Commercial Bank of China Limited
("ICBC") for the three months ended 31 March 2025

Financial information provided to ICBC

On a quarterly basis the Standard Bank Group discloses to ICBC sufficient information to enable
ICBC to equity account the group's results. Accordingly, the following consolidated financial
information, prepared on an International Financial Reporting Standards basis, is being provided to
ICBC for the three months ended 31 March 2025 ("1Q25").

Statement of changes in ordinary shareholders' equity for the three months ended 31 March
2025

                            Balance as at            Earnings            Other       Balance as at
                          1 January 2025       attributable to   movements for      31 March 2025
                                                     ordinary       the period
                                                shareholders
                                     Rm                   Rm               Rm                  Rm

 Ordinary share capital              166                                                       166

 Ordinary share
 premium                          23 043                                                    23 043

 Treasury shares                  (3 583)                               (1 318)             (4 901)

 Foreign currency
 translation reserve
 (FCTR)                          (11 850)                               (3 388)           (15 238)

 Retained Earnings*              229 896               10 927          (12 036)            228 787

 Other                            12 983                                  (200)             12 783

 Ordinary
 shareholders' equity            250 655               10 927          (16 942)            244 640



* Other movements for the period in retained earnings primarily comprises the R12.6 billion ordinary
dividends declared in March 2025

1Q25 performance
The group's 1Q25 earnings attributable to ordinary shareholders were R10.9 billion. Headline
adjustable items were not material in 1Q25 and as a result, the group's 1Q25 headline earnings were
R10.9 billion, up 10% on 1Q24 (1Q24 headline earnings: R9.9 billion). Africa Regions' contribution to
group headline earnings remained above 40% in 1Q25, reflective of the resilience and diversified
nature of the portfolio. The impact of currency movements was in line with expectations.

Outlook
We are monitoring developments related to geopolitics and tariffs. The impact thereof on confidence
and activity, interest rates, and macroeconomic growth across the markets in which we operate is
uncertain. At this stage, the group's 2025 guidance released in March remains unchanged.

The group remains well capitalised and liquid and stands ready and able to serve the needs of our 20
million customers and support the economies and communities where we operate.

The information contained in this announcement has not been reviewed and reported on by the
group's external auditors.

Johannesburg
22 April 2025

Enquiries:
Sarah Rivett-Carnac
sarah.rivett-carnac@standardbank.co.za

JSE sponsor
The Standard Bank of South Africa Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

Date: 22-04-2025 05:00:00
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