Rabai Power Project, Euro 74.6 million debt finance deal, Kenya

The Emerging Africa Infrastructure Fund (“EAIF”) has agreed to provide senior and mezzanine finance totalling Euro 22.57 million to the Rabai Power Project in Kenya (“Project”). EAIF was advised by Frontier Markets Fund Managers (“FMFM”), who also arranged the additional debt to be provided by FMO from the Netherlands, Proparco from France and DEG from Germany. The sponsors of the project are Aldwych International Ltd (“Aldwych”) and Burmeister & Wain Scandinavian Contractor A/S (“BWSC”).

Lekki-Epe Expressway NGN 11 billion loan

Lekki-Epe Expressway is a 30 year project to build and operate a toll road corridor along the Lekki peninsula in Nigeria. Standard Bank Plc is the Lead Arranger to the International Tranche (largest lender representing 35% of senior debt). The Standard Bank of South Africa (SBSA) is also Financial Advisor to the Project and Stanbic IBTC Bank Plc (Stanbic IBTC) is the Lender and participant in the Offshore Tranche.

CRI ALVEAR / CRI BONSUCESSO, R$46.7 million deal, Brazil

Certificates backed on Real State Receivables of the financing Transactions made by Banco Standard de Investimentos S.A (“BSI”) to Alvear Participações S/S Ltda. and SB Bonsucesso Administradora de Shoppings S.A.. The Transactions will be assigned by BSI to the securitization company called Cibrasec – Companhia Brasileira de Securitização who in turn will issue the certificates which will be further offered to investors.

Standard Bank saw further recognition for its excellence in emerging markets winning ten awards, including the prestigious African Bank of the Year, in The Banker Awards of 2008.

Don Newport, Director of Mining Project Finance at Standard Bank was presented with the Mining Journal's Lifetime Achievement Award at the Mines & Money gala dinner held at the HAC Winter Garden, London on 3rd December. The Lifetime Achievement award is the pinnacle of the Mines & Money Conference which was held last week.

Standard Bank, has been awarded the Local Currency Markets Deal of the Year award from Credit Magazine for its critical role in the Republic of Botswana, BWP 5 Billion Domestic Note Programme.

Standard Bank says the long term fundamentals of emerging markets private equity remain strong

Best Bank in South Africa, 2008

The Banker

African Bank of the Year, 2008

The Banker

Best Bank in South Africa, 2008

EMEAFINANCE

Best Investment Bank in Africa, 2008

EMEAFINANCE

Best Emerging Market Bank in Africa, 2008

Global Finance Magazine

Best Bank on the African continent, 2008

Euromoney