THE STANDARD BANK OF SOUTH AFRICA LIMITED - Announcement of amendments following Credit Event - "CLN393"

Announcement of amendments following Credit Event - "CLN393"

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Announcement of amendments in respect of
CLN393


NOTICE IS GIVEN TO ALL HOLDERS OF CLN393 ZAR42,035,513.22
iTRAXX®   EUROPE   CROSSOVER   SERIES    22   LISTED   NOTE   DUE
20   DECEMBER  2019   (Stock   Code:   CLN393   and  ISIN   Code:
ZAG000120841) (the “Note”) issued in terms of The Standard Bank
of South Africa Limited’s Structured Note Programme (the
“Programme”)) on 24 October 2014.     Capitalised terms used and
not otherwise defined in this announcement have the meaning
given to them in the Pricing Supplement of the Note, as read
with the Programme Memorandum.
Pursuant to the Failure to Pay Credit Event which occurred in
respect of Galapagos Holding S.A. (“Galapagos”), as advised in
an announcement dated 08 August 2019, the Affected Portion
(being the Portion relating to Galapagos) will be amended in the
Pricing Supplement as follows:

1.   the Aggregate Nominal Amount is amended to: ZAR40,509,645.55;

2.   the Nominal Amount of the Affected Portion is amended to:

     - ZAR859,201;
3.   the Margin of the Affected Portion is amended to: 0.85%; and
4.   the record date is 15 August 2019.
Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.
Dated 20 August 2019
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: 20/08/2019 12:30:00
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