THE STANDARD BANK OF SOUTH AFRICA LIMITED - SBSA-Structured Note Programme Update

SBSA-Structured Note Programme Update

The Standard Bank of South Africa Limited
Incorporated in the Republic of South Africa
(Registration number 1962/000738/06)
(“the Issuer”)

Notification of Update of the Issuer’s Structured Note Programme

In   terms  of   paragraph  6.54  of   the  JSE   Debt  Listings
Requirements,   Noteholders  are  advised   that   the  Issuer’s
Structured Note Programme has been updated. The updated
document, dated 26 January 2021, which was formally approved by
the JSE on 29 January 2021, together with the “Issuer Disclosure
Schedule” and "Risk Factor & Other Disclosures Schedule" (as
such terms are described below) is available for inspection on
the Issuer’s website below:

https://reporting.standardbank.com/debt-investors/debt-securities/debt-securities/

A summary of the relevant                  changes     to    the    Structured       Note
Programme are as follows –


•     Updated to ensure compliance with the new DLR provisions
      (including the amendments effective from 30 September 2020).
•     Updated description of the Issuer in a document entitled
      “Issuer Disclosure Schedule” to ensure information is
      current and accurate.
•     Annex 1 (Additional Terms and Conditions for Credit Linked
      Notes), Annex 2 (Additional Terms and Conditions for Equity
      Linked Notes) and Annex 3 (Additional Terms and Conditions
      for FX Linked Notes) have been updated to align with the
      relevant ISDA Definitions.
•     Updating risk factors and other disclosures in a document
      entitled “Risk Factor & Other Disclosures Schedule relating
      to The Standard Bank of South Africa Limited ZAR
      60,000,000,000 Structured Note Programme” (the "Risk Factor
      & Other Disclosures Schedule") in order to align with any
      changes to South African law applicable to, inter alia, the
      settlement, clearing and transfer of Notes, South African
      exchange control and taxation, and the subscription and sale
      of Notes.
•     Inclusion of Annex 4 (Additional Fallback Provisions) in
      order to accommodate the impending reform of certain
      reference rates.
Prospective investors should study the updated Structured Note
Programme for full details of the relevant changes.
Dated 05 February 2021
Debt Sponsor – The Standard Bank of South Africa Limited

For further information please contact:
Johann Erasmus           SBSA (Debt Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 05-02-2021 07:59:00
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