Financial information provided to the ICBC and update on the group’s operational performance 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") and update on the group's operational performance for the three months ended 31 March 2024 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 2024 ("1Q24"). Statement of changes in ordinary shareholders' equity for the three months ended 31 March 2024 Balance as at 1 Earnings Other Balance as at 31 January 2024 attributable to movements for March 2024 ordinary the period shareholders Rm Rm Rm Rm Ordinary share capital 168 168 Ordinary share premium 26 938 26 938 Treasury shares (2 982) 601 (2 381) Foreign currency translation reserve (FCTR) (10 122) (517) (10 639) Retained Earnings* 211 691 9 466 (11 613) 209 544 Other 10 752 137 10 889 Ordinary shareholders' equity 236 445 9 466 (11 392) 234 519 * Other movements for the period in retained earnings primarily comprises the R12.3 billion ordinary dividends declared in March 2024. Update on the group's operational performance for the three months ended 31 March 2024 Unless specified otherwise, the trends highlighted below relate to 1Q24 compared to the three months to 31 March 2023 ("1Q23"). Banking The group's banking activities earnings grew mid-single digits in 1Q24 relative to 1Q23. Income growth was supported by a larger balance sheet, higher average interest rates, and higher client transactional volumes but dampened by lower trading revenues. Credit impairment charges were higher period on period, as expected. Operating expenses were largely flat period on period resulting in positive jaws in 1Q24. Insurance and Asset Management Earnings from the Insurance and Asset Management business declined period on period driven primarily by losses in the Shareholder Assets and Exposures Portfolio linked to market movements. Other ICBC Standard Bank Plc's contribution to group earnings increased period on period. Standard Bank Group The group's headline earnings were flat period on period. Growth in group headline earnings was dampened by movements in average currencies relative to the ZAR period on period. After adjusting for headline adjustable items, relating to losses on investment property in Zimbabwe, the group's profit attributable to ordinary shareholders was R9.5 billion in 1Q24. The group remains well capitalised and liquid. Outlook In line with previous guidance, we remain committed to delivering positive jaws and a return on equity well anchored inside the group's target range of 17% to 20% in 2024. The information contained in this announcement and that on which the operational performance update is based has not been reviewed and reported on by the group's external auditors. Johannesburg 25 April 2024 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: 25-04-2024 05:00:00 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.