Stanbank will be releasing its financial results for the year ended 31 December 2011 on SENS on Thursday, 8 March 2012. The group anticipates that normalised headline earnings for the year ended 31 December 2011 will be approximately 20% higher than the previous corresponding period. With respect to results on an International Financial Reporting Standards basis, shareholders are advised that Standard Bank Group's earnings per share, headline earnings per share ("HEPS") and diluted HEPS are expected to be between 18% and 22% higher than the comparative figures for the year ended 31 December 2010. Normalised earnings reflect the legal and economic substance of the group's Black Ownership Initiative and of deemed treasury shares held for the benefit of Liberty Holding Ltd. policyholders and to facilitate client trading activities.