BNP PARIBAS ARBITRAGE ISSUANCE B.V. - Issue of ZAR500,000,000 Index Linked Redemption Notes due 28 June 2021 - ZA108

Issue of ZAR500,000,000 Index Linked Redemption Notes due 28 June 2021 - ZA108

BNP Paribas Arbitrage Issuance B.V.

Stock Code: ZA108

ISIN Code: ZAE000217279

Dated: 8 June 2016

Issue of ZAR500,000,000 Index Linked Redemption Notes due 28
June 2021

The JSE Limited has granted a listing to BNP Paribas Arbitrage
Issuance B.V. – ZA108 Index Linked Redemption Notes due 28 June
2021, under its Note, Warrant and Certificate Programme dated 9
June 2015 (read with the JSE Placement Document dated 21
November 2013) as supplemented from time to time.

Authorised Programme size         Unlimited
Total securities issued           ZAR7,725,688,085


Full Note details are as follows:

Nominal Issued:                   ZAR500,000,000
Issue Price:                      ZAR1,000 per note
Type of Securities:               Index Linked Redemption Notes
Underlying Index:                 BNP Paribas Multi-Asset
                                  Diversified Vol 8 EUR Global
                                  Index is a Custom Index
Interest Commencement Date:       Not Applicable
Interest Payment Date:            Not Applicable
Maturity Date:                    28 June 2021
Books Close:                      18 June 2021 until the
                                  Maturity Date
Last day to register:             By 17h00 on 17 June 2021
Listing Date:                     8 June 2016
Placement Agent:                  BNP Paribas Arbitrage S.N.C.

Settlement will take place electronically in terms of JSE Rules.

For further information on the Securities issued please contact:

Michael Schneider           BNP               Tel:(+33)140 1496 15

Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division

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