STANDARD BANK OF SOUTH AFRICA LD - SCIB: Adjustments to T's & C's of the BHP Billiton Plc Share Instalments - BILSTL/BILSTM

SCIB: Adjustments to T's & C's of the BHP Billiton Plc Share Instalments - BILSTL/BILSTM

The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK BHP BILLITON PLC SHARE INSTALMENTS

Following the BHP Billiton PLC (“BIL”) announcement on 7 th May 2015 regarding the
demerger dividend, BIL will unbundle its interest in South 32 Limited (“S32”) to
Shareholders. Each Shareholder will receive one S32 share for each BIL share held.

Following this announcement, notice is hereby given that the Issuer will amend the
Terms and Conditions of the share instalments. Share instalment holders will not
receive any shares but the value of the S32 shares will be used to adjust the exercise
(final instalment price) of the share instalments to place the holders in the same
financial position they were prior to the unbundling ex-date.

The following share instalments will be affected by this corporate action:

Existing Terms

ISIN            JSE Code     Exercise      Conversion    Expiry      Exercise Style
                               Price         Ratio
 
ZAE000196168    BILSTL        R240.00        1:1        07-Oct-15    American Call

ZAE000200788    BILSTM        R180.00        1:1        03-Feb-16    American Call


New Terms

ISIN            JSE Code     Exercise    Conversion    Expiry     Exercise Style
                              Price       Ratio
ZAE000196168    BILSTL        TBA          1:1       07-Oct-15    American Call
ZAE000200788    BILSTM        TBA          1:1       03-Feb-16    American Call




The Effective Date of the adjustment shall be at close of business on the 18th May
2015.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned share instalments.

This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out herein, the
terms and conditions set out in the Common Terms Document, Conditions Annexure
and relevant Supplements remain unchanged and in full force and effect.

Please note that Share Instalments are subject to selling restrictions and prospective
purchases are referred to the relevant Conditions Annexure for details of such
restrictions.

12-May-2015

Date: 12/05/2015 12:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.