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SBSA- Programme Update
THE STANDARD BANK OF SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1962/000738/06)
Issuer Code: BISTDB
(“SBSA” or “the Issuer”)
NOTIFICATION OF AN UPDATE TO THE ISSUER’S ZAR110,000,000,000 DOMESTIC MEDIUM
TERM NOTE PROGRAMME
Noteholders are advised that SBSA has updated the following documents:
• the programme memorandum dated 24 December 2020 (the “Programme
Memorandum”) relating to its ZAR110,000,000,000 Domestic Medium Term
Note Programme (the “Programme”); and
• the Issuer Disclosure Schedule dated 13 October 2021 relating to The
Standard Bank of South Africa Limited, which is incorporated by
reference in the Programme Memorandum; and
• the Risk Factors and Other Disclosures Schedule dated 13 October 2021
relating to the Programme, which is incorporated by reference in the
Programme Memorandum.
A summary of the key changes made to the Programme Memorandum are as follows:
• updates to the section of the Programme Memorandum headed “Summary
of the Programme” to:
o remove references to “Blocked Rand” and replace same with
references to “emigrant capital”;
o update the list of Participants;
• amendments to the section of the Programme Memorandum headed “Terms
and Conditions of the Notes” to:
o incorporate definitions of the term “Issue Price” under Condition
1 (Interpretation):
o clarify the definitions of the terms “Programme Amount” and
“Specified Office” under Condition 1 (Interpretation);
o include the date of the amended and restated Agency Agreement,
being 8 December 2022;
o amend Condition 10.7 (Payment Day) to include a provision dealing
with the treatment of adjusted Interest Periods so as to align
with the relevant provisions of the Debt Listings Requirements
of the JSE Limited;
o correct errors of a typographical nature;
• updates in various places in the Programme Memorandum to the title
of the financial director and debt officer of SBSA, to “Chief
Finance and Value Management Officer” from that of “Group Financial
Officer;
• updates to the contact details appearing in the section of the
Programme Memorandum headed “Corporate Information”.
The amendments to the Programme Memorandum have been approved by the JSE.
The updated programme memorandum, the updated Issuer Disclosure Schedule and
the updated Risk Factors and Other Disclosures Schedule, each dated 8 December
2022, are available for inspection on Standard Bank Group Limited’s corporate
website: https://reporting.standardbank.com/debt-investors/debt-securities/debt-
securities/.
The updated programme memorandum will also be available for inspection on
the JSE’s website at www.jse.co.za.
9 December 2022
Johannesburg
Debt Sponsor
The Standard Bank of South Africa Limited (acting through its Corporate and
Investment Banking division)
2
Date: 09-12-2022 03:43:00
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