Standard Bank of South Africa Limited


As Agent Bank, please be advised of the following rate determined on: 26-Oct-2007

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-Oct-2007 to 30-Jan-2008          Payment Date 30-Jan-2008
Number of Days      : 92
Rate                : 5.43375
Denomination USD    : 100,000.00                  500,000,000.00

Amount Payable
per Denomination    : 1,388.63                    6,943,125.00

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