THE STANDARD BANK OF SOUTH AFRICA LIMITED - Maturing ETNs: Final Payment

Maturing ETNs: Final Payment

The Standard Bank of South Africa Limited - Maturing of ETNs

Stock Code:
SBACOP (Copper ETN) - ISIN Code: ZAE000158523
SBACRN (Corn ETN) – ISIN Code: ZAE000158515
SBAOIL (Oil ETN) – ISIN Code: ZAE000158531
SBAWHT (Wheat ETN) – ISIN Code: ZAE000158549

Final Payment maturing ETNs

(together the “Commodity ETNs”)

The Standard Bank of South Africa Limited (the “Issuer”) wishes to notify holders of the
Commodity ETNs issued on 21 July 2011 under its Domestic Medium Term Note
Programme dated 1 December 2010 (the “Programme Memorandum”) (as supplemented by
the relevant Applicable Pricing Supplement), that the Commodity ETNs will make the final
payments as follow on 21 July 2021. Subsequent to the SENS announcement on 8 July
2021, notice is hereby given to Noteholders of the respective Commodity ETNs that:

   1. the Commodity ETNs will mature in whole in accordance with the conditions of the
      Applicable Pricing Supplement relating to each Commodity ETN on 22 July 2021;

   2. The amount, to be paid to the respective Commodity ETN Noteholders is as
      determined on 19 July 2021;

   3. the aggregate to be paid by the Issuer to the respective Commodity ETN Noteholders
      in terms of the redemption of the Securities, expressed as an amount of South
      African Rand (“ZAR”) per single Note, is as follows:

       SBACOP (Copper ETN)           – R 22.11 per ETN
       SBACRN (Corn ETN)             – R 10.51 per ETN
       SBAOIL (Oil ETN)              – R 10.88 per ETN
       SBAWHT (Wheat ETN)            – R 9.07 per ETN


   4. the Issuer will pay the amounts to Strate Proprietary Limited (“Strate”) on 20 July
      2021, following which the Issuer will be discharged of its payment obligations; and

   5. the date on which the Securities will be Terminated is 22 July 2021;

   6. each of the persons shown in the records of Strate and/or the Participants as the
      holder of a particular number of Notes in respect of the Commodity ETNs must look
      solely to Strate and/or the relevant Participant for his/her/its share of each such
      payment so made by the Issuer to, or to the order of, Strate.

Investors in the Copper ETN and Oil ETN should note that new ETNs linked to Copper
(share code SBCOP) and Oil (share code SBOIL) are available as alternative investment
options linked to the same underlying commodities.

Capitalised terms which are used but not defined in this notice shall have the meaning
assigned to them in the respective Applicable Pricing Supplements or the Programme
Memorandum, as the case may be.
Dated 20 July 2021
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: 20-07-2021 09:45:00
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