THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited - SBRN69 Final Redemption / SBRN82 Issuance?

The Standard Bank of South Africa Limited
- “SBRN69 Final Redemption / SBRN82 Issuance”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "SBRN69 Final
Redemption / SBRN82 Issuance"


Stock Code: SBRN69
ISIN Code: ZAE000350203


SBRN69 Final Redemption / SBRN82 Issuance


Holders of the listed SBRN69 Equity-Linked Notes ("the Notes")
which are redeeming on 27 January 2026 are informed that the
level of the ETF was determined and calculated on 15 January
2026 as 97.11.


Following this determination and calculation holders of the
Notes are advised as follows:


1.   Option 1: Holders who elected not to follow Option 2 or
     Option 3 mentioned in the SENS Announcement of 09 January
     2026, but rather to roll their investment in SBRN69 Notes
     into a new note("SBRN82"), for which the initial level of
     the ETF was determined on 16 January 2026 as 97.24. For each
     SBRN69 Note that is rolled into SBRN82 Notes (ISIN
     ZAE000356390), the holders will receive 1.065 SBRN82 Notes
     (ISIN ZAE000356390) per SBRN69 Note allocated to their
     custody accounts on 27 January 2026.


2.   Option 2: Holders who elected to receive delivery of the
     ETFs which the relevant holder bought on the Trade Date of
     the Notes adjusted to be approximate to the redemption value
     of the Notes, will receive the relevant ETFs (allocated to
     their accounts on 27 January 2026).


3.   Option 3: Holders who elected not to roll the investment
     into SBRN82 (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 elected to instruct Standard
     Bank to sell the ETFs on behalf of the holders of the Notes
     and pay the redemption amount of such sale of the ETFs to
     the holder of the Notes, will receive on 27 January 2026 an
     amount of 106 500 South African cents per the Note equivalent
     to the value of the relevant ETFs held by them on the Record
     Date.
4.   Holders who did not make an election from options 1 to 3
     before or latest by 11:00am on Thursday, 22 January 2026 (the
     "Closing Date of Elections"), option 3 will apply by
     default.


5.   After the issue and delivery of the SBRN82 Notes (Option 1)
     or delivery of the ETFs (Option 2) on 27 January 2026 or
     payment of the sale proceeds of the ETFs (Option 3) 27
     January 2026, the Notes (SBRN69) will be de-listed from the
     JSE on 28 January 2026.


Dated: 27 January 2026


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: 27-01-2026 02:15:00
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