THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB The Standard Bank Of South Africa- Amendment to AGL warrants

SCIB The Standard Bank Of South Africa- Amendment to AGL warrants

The Standard Bank of South Africa Limited

2025/05/23

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK ANGLO
AMERICAN PLC WARRANTS

Following the ANGLO AMERICAN PLC ("AGL") announcement of:


Demerger (unbundle)
the effective date for the demerger will be Saturday, 31 May 2025
110 AMS shares for every 1075 Anglo American shares

Consolidation
Effective date for Anglo American's share consolidation is Sunday, 1 June 2025
In conjunction with the demerger, Anglo American also intends to carry out a share
consolidation. Each Anglo American Shareholder will receive 96 new shares in
Anglo American ("New Shares") for every 109 Anglo American Shares held at
the share consolidation record time Friday, 30 May 2025)


Following these announcement, notice is hereby given that the terms of the AGL
warrants will be adjusted to place the warrant holders in the same financial position.
The terms of the warrants shall be determined at the close of business on 30 May 2025.

The following warrants will be affected by this corporate action:

Existing Terms
     ISIN      JSE Code Exercise Price Conversion Ratio     Expiry   Exercise Style
ZAE000340154 AGLSBE         R580.00            320         31-Jul-25 American Call
ZAE000344214 AGLSBF         R620.00            332        20-Feb-26 American Call
ZAE000340162 AGLSBS         R475.00            230         31-Jul-25 European Put
ZAE000343950 AGLSBT         R510.00            228        20-Feb-26 European Put
                                       New Terms
     ISIN      JSE Code Exercise Price Conversion Ratio     Expiry   Exercise Style
ZAE000340154 AGLSBE           TBA              TBA         31-Jul-25 American Call
ZAE000344214 AGLSBF           TBA              TBA        20-Feb-26 American Call
ZAE000340162 AGLSBS           TBA              TBA         31-Jul-25 European Put
ZAE000343950 AGLSBT           TBA              TBA        20-Feb-26 European Put

The Effective Date of the adjustment shall be 02 June 2025.

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: 23-05-2025 01:55:00
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