Director's Dealing in Securities STANDARD BANK GROUP LIMITED Incorporated in the Republic of South Africa Registration number 1969/017128/06 JSE Share code: SBK Namibian Share Code: SNB ISIN: ZAE000109815 (“Standard Bank Group”) DIRECTOR’S DEALING IN SECURITIES In compliance with sections 3.63 to 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director: Mr. S K Tshabalala Name of company: Standard Bank Group Limited 1. Date of Transaction: 2019-09-23 Nature of Transaction: Disposal of 100 587 Standard Bank Group ordinary shares in order to settle final funding obligations and related transaction costs in terms of the Standard Bank Group black economic empowerment initiative (“Tutuwa”), by means of participation in a volume weighted average price bulk sale transaction, at an average price of R185.0547 per share. The transaction was executed as part of a bulk transaction made available to all the remaining beneficiaries of the Tutuwa Managers’ Trusts and in which Mr Tshabalala had no discretion as to price or volumes of shares sold. Number of shares: 100 587 Class of securities: Standard Bank Group ordinary shares VWAP per Share: R185.0547 Highest price per Share: R189.00 Lowest price per Share: R180.87 Value of Transaction: R18,614,097.11 Nature of Interest: Direct beneficial Nature of Trade: On Market Prior clearance for the transaction was obtained. Lead sponsor The Standard Bank of South Africa Limited Independent sponsor JP Morgan Equities South Africa Proprietary Limited Namibian sponsor Simonis Storm Securities (Proprietary) Limited 26 September 2019 Date: 26/09/2019 05:34:00 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.