THE STANDARD BANK OF SOUTH AFRICA LIMITED - Financial Instrument Redemption Announcement - SBRN05?

Financial Instrument Redemption Announcement - “SBRN05”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "SBRN05"


Stock Code: SBRN05
ISIN Code: ZAE000294849


Final Redemption SBRN05 / RLN082 Issuance


Holders of the listed SBRN05 Equity Index Linked Notes ("the
Notes") which are redeeming on 18 June 2024 are informed that
the level of the index was determined and calculated on 11 June
2023 as 69,786.85


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


1.   Option 1: Holders who elected not to follow Option 1 or
     Option 2 mentioned in the SENS Announcement of 22 June 2024,
     but rather to roll their investment in SBRN05 Notes into a
     new Capital Escalator Investment ("RLN082"), the initial
     level of the Index was determined on 11 June 2024 as
     69,786.85. For each SBRN05 Note that is rolled into RLN082
     Notes (ISIN ZAE000336269), the holders will receive 6.8
     RLN082 Notes (ISIN ZAE000336269) per SBRN05 Note allocated
     to their custody accounts on 18 June 2024.


1. 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 equal to the redemption value of the
   Notes, will receive the relevant ETFs (allocated to their
   accounts on 18 June 2024).


2. Option 3: Holders who elected not to roll the investment into
   RLN082 (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 18 June 2024 an amount of 680000
   South African cents per the Note equivalent to the value of
   the relevant ETFs held by them on the Record Date.


3. Holders who did not make an election from options 1 to 3 by
   12:00pm on 11 June 2024, option 3 will apply by default.


4. After the issue and delivery of the RLN082 Notes (Option 1)
   or delivery of the ETFs (Option 2) on 18 June 2024 or payment
   of the sale proceeds of the ETFs (Option 3) 18 June 2024, the
   Notes (SBRN05) will be de-listed from the JSE on 19 June 2024.


Dated: 12 June 2024


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: 12-06-2024 03:57:00
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