Enhanced Investments - Financial Portal

Retirement of Chairman

Published: 2022-03-31 07:32:00 ET

Standard Bank Group (JSE:SBK) News - Retirement of Chairman

STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com/reporting

Share codes
JSE share code: SBK ISIN: ZAE000109815
NSX share code: SNB ZAE000109815
A2X share code: SBK
SBKP ZAE000038881 (first preference shares)
SBPP ZAE000056339 (second preference shares)

(“Standard Bank Group” or “the Company”)

Chairman retirement

Standard Bank Group announces that Thulani Sikhulu Gcabashe will retire as chairman and director of the
Company and The Standard Bank of South Africa Limited (SBSA) boards at the conclusion of each of the
companies’ respective Annual General Meetings to be held in May 2022.

Mr Gcabashe was appointed as a director of Standard Bank Group and SBSA in 2003 and was appointed chairman
of these boards in May 2015. The boards wish to express deep appreciation to Thulani for his exemplary leadership,
stewardship and dedication to the Standard Bank Group during his tenure and wish him all the success in his future
endeavours.

The process to appoint Mr Gcabashe’s successor is underway and an announcement in this regard will be made
in due course.

Johannesburg
31 March 2022

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

Date: 31-03-2022 09:32:00
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.