THE STANDARD BANK OF SOUTH AFRICA LIMITED - Amendment Announcement - SBEN04?

Amendment Announcement - “SBEN04”

The Standard Bank of South Africa Limited
Amendment Announcement - “SBEN04”

Stock Code: SBEN04
ISIN Code: ZAE00027295

SBEN04 Senior Unsecured Equity Index Linked Note originally due
14 May 2020 - sponsored by The Standard Bank of South Africa
Limited (acting through its Corporate and Investment Banking
Division), issued under its Structured Note Programme, has been
amended as follows:


a.   Extending the Scheduled Maturity Date to 19 May 2021.

b.   Inserting a second reference Equity Index i.e. the FTSE/JSE
     Top 40 Index to which the return of the Notes will be linked.

c.   Inserting the making of an interim payment in accordance
     with a formula.

d.   Amending the formula in accordance with which the Final
     Redemption Amount will be calculated.

e.   Amending the “last date to trade” and the “books closed
     period” to bring it in line with the amended Scheduled
     Maturity Date.

The remainder of the terms of the Applicable Pricing Supplement
remain unchanged.
Dated 11 May 2020
Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 11-05-2020 11:00:00
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