Financial information provided to ICBC and update on the group's operational performance Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa JSE share code: SBK ISIN: ZAE000109815 NSX share code: SNB (“Standard Bank Group” or “the group”) Financial information provided to Industrial and Commercial Bank of China Limited (“ICBC”) and update on the group’s operational performance for the nine months ended 30 September 2017. 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 nine months ended 30 September 2017. Statement of changes in ordinary shareholders' equity for the nine months ended 30 September 2017 Balance at Earnings Other Balance at 1 January 2017 attributable to movements for 30 September ordinary the period 2017 shareholders Rm Rm Rm Rm Ordinary share capital 162 162 Ordinary share 17 798 (88) 17 710 premium Foreign currency translation and (2 356) (570) (2 926) hedging reserves Foreign currency translation reserve (1 189) (653)1 (1 842) (FCTR) Foreign currency net investment and cash (1 167) 83 (1 084) flow hedging reserve Retained earnings 132 614 19 214 (13 491)2 138 337 Empowerment reserve (621) (551) (1 172) and treasury shares Other 3 160 (394) 2 766 Total ordinary 150 757 19 214 (15 094) 154 877 shareholders' equity 1 The decrease in the FCTR is primarily as a result of the strengthening of the Rand against the US Dollar (R13.48/USD at 30 September 2017 from R13.69/USD at 31 December 2016) and other African currencies. 2 Primarily comprises the ordinary dividends declared in March and August 2017. Update on the group’s performance for the nine months ended 30 September 2017 The trends seen in the group’s banking activities in the three months to 30 September 2017 were similar to those reported in the six months to 30 June 2017. Whilst revenues remained under pressure, good cost control delivered better operational efficiency. Banking activities’ results were supported by a continued benign credit performance. The relative rand strength continued to dampen reported earnings. Other banking interests contributed positively to the group’s performance and earnings attributable to ordinary shareholders grew 16% period-on-period. During the period the headline earnings adjustable items were not significant and as a result the group’s headline earnings growth was in line with the growth in earnings attributable to Standard Bank Group ordinary shareholders. The group’s common equity tier 1 capital ratio remained in excess of our internal target range of 11.0% – 12.5%. The group’s Basel III disclosure as at 30 September 2017 will be released in November 2017. 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 19 October 2017 Lead sponsor The Standard Bank of South Africa Limited Independent sponsor Deutsche Securities (SA) Proprietary Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited Date: 19/10/2017 08:00:00 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.