THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited - AMC001 - Listing of Tap Issue 1

The Standard Bank of South Africa Limited - AMC001 - Listing of Tap Issue 1

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “AMC001” Tap
Issue 1

Stock Code: AMC001
ISIN Code: ZAE000316634

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – AMC001 Actively Managed Certificates
(AMCs) Tap Issue 1 due 01 December 2032 - sponsored by The
Standard Bank of South Africa Limited (“the Issuer”) under its
Structured    Note   Programme    (“the    Programme”)    dated
26 January 2021 which can be found on the Issuer’s website.

Authorised Programme size          ZAR120 000 000 000
Total notes issued
(including current issue)          ZAR70 809 107 669.61

Full details of AMCs Tap Issue 1 are as follows:

Issue Date of Tap Issue 1:         23 December 2022
Nominal Amount of Tap Issue 1:     ZAR50 000 000
Redemption Basis:                  Linked to the actively
                                   managed AAM Multi Strategy
                                   Equity Portfolio as the
                                   Reference Portfolio. The
                                   objective of the strategy
                                   followed in respect of the
                                   Reference Portfolio is to
                                   achieve long-term real
                                   capital growth in the value
                                   of the assets denominated
                                   in ZAR. The Reference
                                   Portfolio seeks to deliver
                                   total equity return
                                   outperformance at half the
                                   volatility. The strategy
                                   aims to produce active
                                   alpha by exploiting market
                                   inefficiencies regardless
                                   of direction. The fund
                                   targets 70% of market
                                   returns when markets are
                                   trending up whilst during
                                   market downturns the
                                   strategy aims to
                                   participate 30% in bearish
                                   conditions. The strategies
                                   are quantitative in nature
                                   and are designed to
                                   complement each other in
                                   varying market conditions,
                                   with the combined Reference
                                   Portfolio benefitting from
                                   reduced volatility.
Issue Price:                       100 000 ZA cents per AMC
Number of AMCs for Tap Issue 1:    50 000 AMCs
Declaration Date:                  09 November 2032, subject
                                   to Preceding Business Day
                                   Convention.
Last Date to Trade:                23 November 2032, subject
                                   to Preceding Business Day
                                   Convention.
Suspension Date:                   24 November 2032
Record Date:                       26 November 2032
Maturity/Delivery Date:            01 December 2032, subject
                                   to adjustments as detailed
                                   in the Pricing Supplement.
De-Listing Date:                   02 December 2032
Business Day Convention:           Preceding Business Day
Placement Agent:                   The Standard Bank of South
                                   Africa Limited

Additional Terms and Conditions: Investors must read the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific AMC issuance.

The AMCs will be deposited in the Central Securities
Depository (“CSD”) and settlement will take place
electronically in terms of JSE Rules.

Dated: 23 December 2022
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: 23-12-2022 08:45:00
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