Appointment Of Chief Executive: The Standard Bank Of South Africa Limited Standard Bank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1969/017128/06) JSE share code: SBK NSX share code: SNB ISIN: ZAE000109815 ("Standard Bank Group" or "the Group") APPOINTMENT OF CHIEF EXECUTIVE: THE STANDARD BANK OF SOUTH AFRICA LIMITED Standard Bank Group is pleased to announce the appointment of Lungisa Fuzile as Chief Executive of The Standard Bank of South Africa Limited (“SBSA”) with effect from 15 January 2018. Lungisa Fuzile takes over from Sim Tshabalala who has served as Chief Executive of SBSA from June 2008 to date. This appointment follows the recent changes to the Group’s executive structure, which resulted in the disbanding of the joint group chief executive construct. The leadership of SBSA was a component of Sim’s responsibilities when he served as the joint-group chief executive. This appointment removes the dual role for Sim, which had become both unsustainable and inappropriate. Lungisa Fuzile will be accountable to the board of SBSA, with a matrix reporting line to the Group Chief Executive, Sim Tshabalala. Lungisa enjoyed a 20-year career in public service, culminating in his role as Director-General at the National Treasury from May 2011 until May 2017. The Group looks forward to welcoming Lungisa to Standard Bank. T S Gcabashe Chairman Johannesburg 14 December 2017 Sponsor Standard Bank Independent sponsor Deutsche Securities (SA) (Proprietary) Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited Date: 14/12/2017 02:26:00 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.