Standard Bank Investor Relations : Shareholder Information

Analysis of shareholders

Ten major shareholders1
	2019		2018
	Number of shares (million)	% holding	Number of shares (million)	% holding
Industrial and Commercial Bank of China	325.0	20.1	325.0	20.1
Government Employees Pension Fund (PIC)	215.0	13.3	199.7	12.3
GIC Asset Management	31.3	1.9	21.0	1.3
Allan Gray Balanced Fund	26.2	1.6	29.7	1.8
Alexander Forbes Investments	24.3	1.5	25.8	1.6
Vanguard Total International Stock Index Fund	21.4	1.3	19.4	1.2
Old Mutual Life Assurance Company	20.6	1.3	23.8	1.5
Vanguard Emerging Markets Stock Index Fund	19.3	1.2	22.1	1.4
Government of Norway	14.4	0.9	14.8	0.8
Abu Dhabi Investment Authority	13.2	0.8	7.5	0.5
	710.7	43.9	688.8	42.5
1 Beneficial holdings detemined from the share register and investigations conducted on our behalf in terms of section 56 of the Companies Act.


Geographic spread of shareholders
	2019		2018
	Number of shares (million)	% holding	Number of shares (million)	% holding
South Africa	769.9	47.5	785.0	48.5
Foreign shareholders	849.8	52.5	833.4	51.5
China	327.8	20.2	325.9	20.1
United States of America	232.8	14.4	240.3	14.8
Singapore	34.9	2.2	24.0	1.5
United Kingdom	24.7	1.5	39.0	2.4
United Arab Emirates	19.9	1.2	12.2	0.8
Namibia	19.4	1.2	19.6	1.2
Norway	15.7	1.0	15.4	1.0
Luxembourg	15.3	0.9	10.3	0.6
Netherlands	15.3	0.9	15.6	1.0
Japan	14.9	0.9	15.0	0.9
Ireland	13.8	0.9	13.3	0.8
Hong Kong	12.5	0.8	12.0	0.7
France	10.3	0.6	1.2	0.1
Switzerland	8.1	0.5	6.9	0.4
Other	84.4	5.3	82.7	5.2

	1619.7	100.0	1618.5	100.0