Standard Bank Group Limited

(Registration Number 1969/017128/06)

07 March 2024

Credit Rating Action by Moody's Investor Services

Noteholders are referred to the Moody's Investors Service (Moody's) press release on 6 March 2024 and ratings action on the South African banks, including the ratings of Standard Bank Group Limited (SBG).

Included in the ratings action were upgrades to the long-term issuer rating of SBG from Ba3 to Ba2. The full list of rating changes is set out below. The outlook on the ratings is stable.

The rating action resulted from the application of Moody's Advanced Loss Given Failure (Advanced LGF) analysis to South African banks following the publication of Moody's updated Banks Methodology on 5 March 2024.

https://www.moodys.com/credit-ratings/Standard-Bank-Group-Limited-credit-rating-600038208

7 March 2024

For further information, please contact:

Marc Hearn

Standard Bank Group Limited
9th Floor
5 Simmonds Street, Johannesburg PO Box 2001
South Africa
Telephone number: +27 11 344 5004

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