Standard Bank Group Limited

2 November 2022

Appointment of an independent non-executive director

In compliance with section 3.59 of the Listings Requirements of the JSE Limited and section 6.39 of the JSE Debt Listings Requirements, the Standard Bank Group board is pleased to announce the appointment of Lwazi Loyiso Bam to its board and the board of The Standard Bank of South Africa Limited as an independent non-executive director with effect from 1 November 2022.

Lwazi Bam (50), B.Com (Hons)(University of KwaZulu Natal), B.Compt (UNISA), AMP (Harvard Business School), CA(SA), was the CEO for the Deloitte Africa firm, a member of the Deloitte Global Network, until 31 May 2022. He also served as a member of the Deloitte Global Executive Committee, and prior to this, he served on the Deloitte Global Board.

Mr Bam remained a partner of the firm until 30 September 2022 to oversee the completion of several projects.

Mr Bam previously served as a President of the Association for the Advancement of Black Accountants in Southern Africa (ABASA). He is former Chairman of the South African Institute of Chartered Accountants (SAICA), as well as former Chairman of the African Children's Feeding Scheme (ACFS).

Standard Bank Group welcomes Lwazi to the boards and looks forward to his contribution.

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.

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