For immediate release

Dar es Salaam 1st December 2014.

Stanbic Bank Tanzania has been made aware of the Parliamentary report
regarding IPTL and the Tegeta Escrow account and the associated suggestion
that the Bank might have permitted money laundering through banking an
affected party. We are satisfied that Stanbic Bank Tanzania has complied with all
of its anti-money laundering obligations and co-operated fully with the authorities
in their investigations. We wish to reassure our customers that Stanbic Bank
Tanzania has stringent and robust processes in place to comply with the fiduciary
and regulatory laws as set by the government of Tanzania.
We remain committed to serving our customers.
Management
ENDS.

NOTES TO THE EDITOR

ABOUT STANBIC BANK TANZANIA
Stanbic Bank Tanzania is part of the Standard Bank Group, Africas largest bank
by assets.

Stanbic Bank Tanzania provides the full spectrum of financial services. Its
Corporate and Investment Banking division serves a wide range of requirements
for banking, finance, trading, investment, risk management and advisory
services. Corporate and Investment Banking delivers this comprehensive range

of products and services relating to: investment banking; global markets; and
global transactional products and services.
Stanbic Banks corporate and investment banking expertise is focused on
industry sectors that are most relevant to emerging markets. It has strong
offerings in mining and metals; oil, gas and renewables; power and infrastructure;
agribusiness; telecommunications and media; and financial institutions.
Stanbic Bank Tanzanias personal and business banking unit offers banking and
other financial services to individuals and small-to-medium enterprises. This unit
serves the increasing need among Tanzanias small business and individual
customers for banking products that can meet their shifting expectations and
growing wealth.