THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa - SBRN14 - First Interim Redemption Payment

The Standard Bank of South Africa - SBRN14 - First Interim Redemption Payment

The Standard Bank of South Africa Limited
Corporate Action Announcement - “SBRN14”

Stock Code: SBRN14
ISIN Code: ZAE000303269

The First Interim Period matured on 03 April 2023. Due to the
5-day settlement period between the Trade Date and the Issue
Date, the First Interim Redemption Amount will be paid on
13 April 2023 applying the same 5-day settlement period between
the First Interim Period Maturity Date, that is 03 April 2023,
and the Payment Date of the First Interim Redemption Amount,
that is 13 April 2023.

On 13 April 2023, Standard Bank will pay ZAR1 500.00 per Note
(“the First Interim Payment Amount”) to the holders of SBRN14
Notes. Since the First Interim Payment Amount includes repayment
of 25% of the capital of the initial purchase price of the Notes,
the Issuer will on 13 April 2023 reduce the base costs of the
Notes (that is the specified denomination of the Notes) to
ZAR3750.00 per Note to account for the reduction in the initial
capital used to purchase the Notes.

First Interim Period
Maturity Date                                   03 April 2023

First Interim Payment Amount per Note:          ZAR1 500.00

Capital Redemption amount (ZAR1250.00 Per Note) ZAR1 250.00
Interest Earned (20% Return)(ZAR250.00 Per Note) ZAR250.00

Last Day To Trade:                              05 April 2023

Ex-date                                         06 April 2023

Record Date:                                    12 April 2023

Payment Date:                                   13 April 2023


Dated: 05 April 2023
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 05-04-2023 10:15:00
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