THE STANDARD BANK OF SOUTH AFRICA LIMITED - Financial Instrument Final Redemption Announcement - SBEN33?

Financial Instrument Final Redemption Announcement - “SBEN33”

The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Announcement - "SBEN33"


Stock Code: SBEN33
ISIN Code: ZAE000333100


Final Redemption with Election


Holders of the listed SBEN33 Index Linked Notes ("the Notes")
which are redeeming on 27 February 2025 are reminded that:


Last Date to Trade:                   Friday, 14 February 2025
Suspension Date:                      Monday, 17 February 2025
Record Date:                          Wednesday,   19   February
                                      2025
Closing date for elections by 12:00: Wednesday,    19   February
                                      2025
Valuation Date:                       Thursday, 20 February 2025
Valuation Rate Announcement by 11:00: Friday, 21 February 2025
Valuation Time:                       The time the Index Level
                                      is   published    on   the
                                      Valuation Date
Maturity Date (Delivery/Payment):     Thursday, 27 February 2025
De-Listing Date:                      Friday, 28 February 2025


Before or latest on 19 February 2025 ("the Closing Date for
Elections"), holders of the Notes must elect which one of the
options below they wish to follow. Holders of the Notes may
either contact their financial advisors and request their
financial advisors to inform Standard Bank through their
standing communication channels about their clients' elections
or the holders may elect themselves digitally via their broker's
CSDP which of the following options they wish to follow:


  1. Option 1: A holder of the Notes may elect not to follow
     Option 2 or Option 3 below, but rather to roll the
     investment into a new Note. The index level of the new Note
     will be determined the Valuation Date (20 February 2025)
     at the Valuation Time, which is the same date and time on
     which the final redemption value of SBEN33 will be
     determined. Due to the difference in time zones, holders
     of the Notes will be informed on Friday, 21 February what
     the final redemption value of SBEN33 is.


  2. Option 2: A holder of the Notes may elect to receive
     delivery of the ETFs which the relevant holder bought on
     the Trade Date of the Notes adjusted to be equal to the
     redemption value of the Notes. The ETFs will be delivered
     to such holder on 27 February 2025 ("the Maturity Date").
  3. Option 3: A holder of the Notes may elect not to roll the
     investment into a new Note (that is, not to follow Option
     1) or not to receive delivery of the ETFs on the Maturity
     Date (that is, not to follow Option 2), but may elect to
     rather instruct Standard Bank to sell the ETFs on behalf
     of the holder of the Notes and pay the redemption amount
     of such sale of the ETFs to the holder of the Notes on 27
     February 2025 ("the Maturity Date") to the account of the
     holder.


  4. If Standard Bank receives no notice from either the
     holder's Independent Financial Advisor or the holder does
     not digitally elect before or on 19 February 2025 Option 1
     or Option 2 Standard Bank will assume that the holder had
     elected Option 3 (which is the default election) that is,
     that the holder had instructed Standard Bank to sell the
     ETFs on behalf of such holder and make payment of the
     proceeds of the sale of such ETFs to the account of such
     holder on 27 February 2025 ("the Maturity Date").


    After the issue of a new Note (Option 1) or delivery of the
    ETFs (Option 2) or payment of the sale proceeds of the ETFs
    (Option 3) 27 February 2025, the Notes (SBEN33) will be de-
    listed from the JSE.


Dated: Monday, 03 February 2025
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: 03-02-2025 09:17:00
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