THE STANDARD BANK OF SOUTH AFRICA LIMITED - SBK21-Redemption

SBK21-Redemption

Standard Bank of South Africa Limited


Stock Code: SBK21
ISIN Code: ZAG000123258

Redemption of ZAR 750,000,000 Subordinated Unsecured Tier 2 Notes
due 28 January 2025


On 28 January 2015, The Standard Bank of South Africa Limited
(“Standard Bank”) issued ZAR 750,000,000 Subordinated Unsecured
Tier 2 Notes due 28 January 2025(the “SBK21 Notes”).
The SBK21 Notes are subject to the terms and conditions contained
in the Programme Memorandum dated 25 November 2014 (the “Programme
Memorandum”) as read together with the Applicable Pricing
Supplement issued in respect of the SBK21 Notes dated 23 January
2015 (the “Applicable Pricing Supplement”).


In terms of the Applicable Pricing Supplement, the maturity date
of the SBK21 Notes is 28 January 2025, unless redeemed early at
the option of Standard Bank on 28 January 2020, subject to the
prior written approval of the Prudential Authority.


Pursuant to Condition 50(a) of the Applicable Pricing Supplement
and having obtained the requisite prior written approval from the
Prudential Authority, Standard Bank hereby gives notice that it
shall redeem the SBK21 Notes on 28 January 2020 at 100% of the
aggregate nominal amount thereof, together with any interest
accrued thereon up until that date.



Last Day to Register               17h00 on Friday, 17 January
                                   2020
Books Closed                       Monday, 20 January 2020
Payment Day                        Tuesday, 28 January 2020

Dated 9 December 2019

For further information contact:
Standard Bank
Jan Brits
Tel +27 11 415 4344
Email: jan.brits2@standardbank.co.za
Debt Sponsor: Standard Bank

Date: 09-12-2019 09:00:00
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.