THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - NPN warrants terms adjustment

SCIB: The Standard Bank Of South Africa - NPN warrants terms adjustment

The Standard Bank of South Africa Limited

2021/08/02


Following the NASPERS LTD - N SHS (“NPN”) announcement relating to the
voluntary share exchange of PROSUS NV (“PRX”), NASPERS LTD - N SHS
shareholders are entitled to exchange their NPN ordinary shares for new ordinary
shares N in the new capital of Prosus.. The last day to trade NPN to participate in the
exchange offer is Tuesday 10 August 2021

Following this announcement, notice is hereby given that the terms of the NPN
warrants will be adjusted to place the share instalment holders in the same financial
position as they would have been in prior to the tender offer. The warrants will trade
as a basket of NPN & PRX. With a ratio of 0.524108 NPN and 1.082384 PRX shares
on the morning of the 17th August 2021


The following warrants will be affected by this corporate action:

      ISIN           JSE Code       Exercise Price Conversion Ratio        Expiry         Exercise Style

 ZAE000297057         NPNSBH          R 3,800.00           1300           02-Nov-21       American Call
 ZAE000298972         NPNSBI          R 3,250.00           1450           02-Feb-22       American Call
 ZAE000300893         NPNSBJ          R 3,000.00           1250           02-Mar-22       American Call
 ZAE000297214         NPNSBT          R 3,300.00           1250           02-Nov-21       European Put


The Effective Date of the adjustment shall be 17th August 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: 16-08-2021 10:30:00
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