THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa- Corporate action announcement for CFR warrnts

SCIB: The Standard Bank Of South Africa- Corporate action announcement for CFR warrnts

The Standard Bank of South Africa Limited

2020/09/07

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK COMPAGNIE FIN RICHEMONT WARRANTS

Following the COMPAGNIE FIN RICHEMONT (“CFR”) announcement on the
Equity-Based loyalty scheme, CFR shareholders will receive 2 A Warrant Receipts
shares for every 1 CFR shares held.

Following this announcement, notice is hereby given that the terms of the CFR
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the warrants issue. The terms of the warrants shall be determined at
the close of business on 15th September 2020.

The following warrants will be affected by this corporate action:

Existing Terms

ISIN            JSE Code Exercise Price Conversion Ratio             Expiry     Exercise Style

ZAE000285094     CFRSBA        R 110.00             35              06-Oct-20    American Call

ZAE000285672     CFRSBB         R 95.00             60              06-Oct-20    American Call

ZAE000287967     CFRSBC        R 120.00             55              03-Feb-20    American Call




New Terms


ISIN             JSE Code    Exercise Price Conversion Ratio         Expiry     Exercise Style

ZAE000285094     CFRSBA            TBA              TBA             06-Oct-20    American Call

ZAE000285672     CFRSBB            TBA              TBA             06-Oct-20    American Call

ZAE000287967     CFRSBC            TBA              TBA             03-Feb-20    American Call



The Effective Date of the adjustment shall be 16th September 2020.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.

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
e-mail : derivatives@standardbank.co.za

Sponsor :
SBG Securities (Pty) Limited
(Registration Number: 1972/008305/07)
An authorised user of the JSE Limited

Date: 07-09-2020 02:45:00
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