Company Announcements

Standard Bank Group Limited

31 March 2022

Voluntary trading update, No Change Statement and Notice of Annual General Meeting

1.   Voluntary trading update

As at the date of reporting of the group's 2021 financial results (11 March 2022), ICBCS Standard Bank Plc (ICBCS), as an emerging markets and commodities business, had exposure to certain entities which were impacted, directly and indirectly, by the developments in Ukraine and Russia. Since then, ICBCS has reduced the impacted counterparty positions and is actively managing the related market risk.

The group has a 40% stake in ICBCS. We will provide a further update as part of our 1Q22 update in late April 2022.

2.   No Change Statement

The consolidated audited annual financial statements of Standard Bank Group Limited (the group) for the year ended 31 December 2021 on which KPMG Inc. and PricewaterhouseCoopers Inc. expressed an unmodified opinion, were released on Friday, 11 March 2022. The full audit opinion, including any key audit matters, is available at https://reporting.standardbank.com/results-reports/annual-reports/  and at the following link as part of the group's annual financial statements:

https://thevault.exchange/?get_group_doc=18/1646978093-SBG2021AnnualFinancialStatements.pdf

No modifications have been made to the audited annual financial statements from the date of release to the date of this announcement. 

An electronic version of the group's annual integrated report, governance and remuneration report, risk and capital management report, environmental, social and governance report, report to society and climate-related financial disclosures will also be made available at www.standardbank.com/reporting on Thursday, 31 March 2022.

3.   Annual General Meeting

Notice is hereby given that the 53rd Annual General Meeting (AGM) of Standard Bank Group will be held on Tuesday, 31 May 2022 at 09h00. This will be a meeting conducted virtually (i.e., entirely by electronic communication) due to preventative measures as a result of the Covid-19 pandemic. This has been done in the interest and wellbeing of all stakeholders as scientists have predicted that South Africa will experience the fifth wave of Covid-19 towards the end of April or early May 2022.

Shareholders wishing to participate will need to register on https://meetnow.global/za by clicking on the Standard Bank logo or submitting a written notice via email to Computershare at proxy@computershare.co.za.  Further details on how shareholders can access the virtual meeting are included in the notice of AGM which is available from Thursday, 31 March 2022 and a shareholders' guide to assist and provide meeting participation guidelines will be made available at https://reporting.standardbank.com/agm/.  Should you have any further questions, please send an email to groupsecretary@standardbank.co.za.

The summary information pertaining to the AGM is as follows:

For further information, please contact:

Ann Hunter

Standard Bank Group Limited
9th Floor
5 Simmonds Street, Johannesburg PO Box 2001
South Africa
Telephone number: +27 11 415 4194

DISCLAIMER

This Announcement is not intended to, and shall not, constitute or contain an offer to sell or solicitation of an offer to purchase the securities referred to herein by any person in any jurisdiction where it is unlawful to make an offer or solicitation. The distribution of the Announcement and the offer or sale of the securities referred to herein in certain jurisdictions is restricted by law. This Announcement may not be used for or in connection with, and does not constitute, any offer to, or solicitation by, anyone in any jurisdiction or under any circumstance in which such offer or solicitation is not authorised or is unlawful.

In the United Kingdom, this Announcement is being distributed only to, and is directed only at, persons who are (i) investment professionals, as such term is defined in Article 19(5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the Financial Promotion Order); (ii) persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations, etc.") of the Financial Promotion Order; (iii) outside the United Kingdom; or (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any Notes may otherwise lawfully be communicated or caused to be communicated.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act. The issuer of the securities has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of the securities in the United States.

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