THE STANDARD BANK OF SOUTH AFRICA LIMITED - ETN's Maturing: SBACOP, SBACRN, SBAOIL, SBAWHT

ETN's Maturing: SBACOP, SBACRN, SBAOIL, SBAWHT

The Standard Bank of South Africa Limited
Maturing of ETNs

Stock Code:
SBACOP (Copper ETN) - ISIN Code: ZAE000158523
SBACRN (Corn ETN) – ISIN Code: ZAE000158515
SBAOIL (Oil ETN) – ISIN Code: ZAE000158531
SBAWHT (Wheat ETN) – ISIN Code: ZAE000158549

(together the “Commodity ETNs”)

The Standard Bank of South Africa Limited (the “Issuer”) wishes to notify holders of the
Commodity ETNs issued on 21 July 2011 under its Domestic Medium Term Note
Programme dated 1 December 2010 (the “Programme Memorandum”) (as supplemented by
the relevant Applicable Pricing Supplement), that the Commodity ETNs will be maturing on
20 July 2021.

The following information is relevant to the maturing Precious Metal ETNs:

   1. the Commodity ETNs will mature in whole in accordance with the conditions of the
      Applicable Pricing Supplement relating to each Commodity ETN on Tuesday, 20 July
      2021;

   2. the Last Day to Trade/Register as holder of the Commodity ETNs in order to be
      eligible to receive the Final Redemption Amount will be Tuesday, 13 July 2021, at
      17h00, following which the books closed period will be from 14 July 2021 to 20 July
      2021 (accordingly, if you buy a Commodity ETN after Tuesday,13 July 2021, you will
      not receive the Final Redemption Amount);

   3. the Final Redemption Amount(s) will be determined on 19 July 2021, the Commodity
      ETN will be exposed to the underlying until the close 19 July 2021, and be published
      on SENS after 17h00;

   4. the Final Redemption Amount(s) will be paid to STRATE Proprietary Limited
      (“Strate”) on Tuesday, 20 July 2021, following which the Issuer will be discharged of
      its payment obligations; and

   5. each of the persons shown in the records of Strate and/or the Participants as the
      holder of a particular number of Notes in respect of the Commodity ETNs as at the
      commencement of the books closed period must look solely to Strate and/or the
      relevant Participant for his/her/its share of each such payment so made by the Issuer
      to, or to the order of, Strate.


   6. The following dates will apply:


           Last day to trade:       Tuesday, 13 July 2021
           Suspension date:         Wednesday, 14 July 2021
           Record date:             Friday, 16 July 2021
           Determination date:      Monday, 19 July 2021
           Payment date:            Wednesday, 21 July 2021
           Termination date:        Thursday, 22 July 2021
Investors in the Copper ETN and the Oil ETN should note that alternative Copper and Oil
ETNs will be listed in due course by the Issuer.

Capitalised terms which are used but not defined in this notice shall have the meaning
assigned to them in the respective Applicable Pricing Supplements or the Programme
Memorandum, as the case may be.


Dated 8 July 2021
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: 08-07-2021 04:00:00
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