Standard Bank of South Africa Limited




As Agent Bank, please be advised of the following rate determined on: 25-Apr-2008

Issue               : The Standard Bank of South Africa Limited - Series 1
                      USD 500,000,000.00  FRN Due 30 Jul 2012
ISIN Number         : XS0313461690
Common Code/        : 31346169
144A ISIN
Issue Nomin     USD : 500,000,000.00
Period              : 30-Apr-2008 to 30-Jul-2008          Payment Date 30-Jul-2008
Number of Days      : 91
Rate                : 3.3625
Denomination USD    : 100,000.00        500,000,000.00

Amount Payable
per Denomination    : 849.97            4,249,826.39

Bank of New York
Rate Fix Desk                           Telephone 44 1202 689580
Institutional Trust Services           Facsimille 44 1202 689601
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