The Standard Bank of South Africa Limited - Increase in issue size in relation

The Standard Bank of South Africa Limited - Increase in issue size in relation  
                                            to FSRSBU PUT warrant               
THE STANDARD BANK OF SOUTH AFRICA LIMITED                                       
Share Code: FSRSBU                                                              
ISIN Code: ZAE000074647                                                         
INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO FSRSBU PUT WARRANT           
The JSE Listings division has approved the increase in the issue size from 30   
million to 100 million in respect of the FSRSBU PUT warrant with effect from the
commencement of trade on Tuesday, 7 February 2006 due to the following reasons: 
1.   The further issue represents only a small portion of the market            
     capitalisation of the index.                                               
2.   This is well below the limit set by the JSE.                               
3.   There is massive demand for the FSRSBU PUT warrant at present and we wish  
     to match this demand in order to satisfy the market and fulfill our        
     position as market maker.                                                  
4.   We need to increase the issue size in order to prevent the warrant from    
     trading up above fair value and thereby jeopardising people who purchase   
     the warrant at inflated levels.                                            
There are no changes to the terms and conditions of the warrant or to the       
underlying share. All documentation submitted for the initial listing of the    
warrant, therefore remain relevant.                                             
The terms and conditions of the warrant are as follows:                         
   JSE Code                   FSRSBU                                            
Short Name                 SB FSR PU                                         
   Long Name                  SB FSR 1625 PU 4:1 JUN06                          
   Underlying Share           FIRSTRAND LIMITED                                 
   Type                       European Put                                      
Expiration Date            2 June 2006                                       
   Strike Price               R16.25                                            
   Cover Ratio                4 Warrants exercisable into 1 Share               
For further information contact:                                                
Standard Bank                                                                   
Tel 0800 111 780                                                                
Email: derivatives@standardbank.co.za                                           
Sponsor: Standard Bank                                                          
Date: 06/02/2006 03:38:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department