THE STANDARD BANK OF SOUTH AFRICA LIMITED - Announcement of amendments in respect of CLN577

Announcement of amendments in respect of CLN577

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Announcement of amendments in respect of
CLN577


NOTICE IS GIVEN TO ALL HOLDERS OF CLN577 ZAR47,940,060.24
iTRAXX® EUROPE CROSSOVER SERIES 31 LISTED NOTE DUE 20 JUNE 2024
(Stock Code: CLN577 and ISIN Code: ZAG000158437) (the “Note”)
issued in terms of The Standard Bank of South Africa Limited’s
Structured Note Programme (the “Programme”)) on 05 April 2019.
Capitalised terms used and not otherwise defined in this
announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.

Pursuant to the Bankruptcy Credit Event which occurred in
respect of Selecta Group B.V. (“Selecta”), as advised in an
announcement dated 28 October 2020, the Pricing Supplement will
be amended as follows:

1.   the amount by which the Aggregate Nominal Amount is to be
     reduced is ZAR397,871.82, such that the Aggregate Nominal
     Amount will be amended to ZAR47,542,188.42;

2.   the Nominal Amount of the Affected Portion (being the Portion
     relating to Selecta) will be amended to ZAR268,628.18;

3.   the Margin of the Affected Portion is amended to: 0.525%; and

4.   the record date is 27 October 2020.

Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.

Dated 03 November 2020

Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 03-11-2020 03:30:00
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