THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank of South Africa Limited - Adjustments to the T&C's of the Old Mutual Limited Warrants

SCIB: The Standard Bank of South Africa Limited - Adjustments to the T&C's of the Old Mutual 
Limited Warrants

The Standard Bank of South Africa Limited

2021/11/03

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK OLD MUTUAL LIMITED WARRANTS

Following the OLD MUTUAL LIMTED (“OMU”) announcement of an unbundling of
1.31954 Nedbank Limited (“NED”) shares for every 100 OMU shares held.

Following this announcement, notice is hereby given that the terms of the OMU
warrants will be adjusted to place the warrant holders in the same financial position.
The warrants will trade as a basket of OMU & NED. With a ratio of 0.0131954 NED
and 1.00 OMU shares on the 3 November 2021

The following warrants will be affected by this corporate action:

                                                Conversion
 ISIN            JSE Code    Exercise Price       Ratio          Expiry     Exercise Style
ZAE000299616     OMUSBE         R15.00            7:1          02-Feb-22    American Call


The Effective Date of the adjustment shall be 3rd November 2021.


This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out herein, the
terms and conditions set out in the Common Terms Document, Conditions Annexure
and relevant Supplements remain unchanged and in full force and effect.

Please note that Share Instalments are subject to selling restrictions and prospective
purchases are referred to the relevant Conditions Annexure for details of such
restrictions.

For further information contact:
Standard Bank
Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

Date: 03-11-2021 10:55:00
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