SCIB: The Standard Bank of South Africa Limited - Adjustments to the terms and conditions of ABL Warrants The Standard Bank of South Africa Limited 2013/11/07 ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK AFRICAN BANK INVESTMENTS LTD WARRANTS Following the African Bank Investments Ltd (“ABL”) announcement on the rights offer, ABL shareholders will receive rights to take up 84 ABL shares for every 100 ABL shares held at a price of R8.00 per share. Following this announcement, notice is hereby given that the terms of the ABL warrants will be adjusted to place the warrant holders in the same financial position they were prior to the rights offer ex-date. The terms of the warrants shall be determined at the close of business on 8th November 2013. The following warrants will be affected by this corporate action: Existing Terms JSE Code Exercise Conversion Expiry Exercise ISIN Price Ratio Style American ZAE000178810 ABLSBB R 25.00 10 07-Jan-14 Call American ZAE000179255 ABLSBC R 20.00 8 07-Jan-14 Call American ZAE000181962 ABLSBD R 17.50 8 04-Mar-14 Call New Terms JSE Code Exercise Conversion Expiry Exercise ISIN Price Ratio Style American ZAE000178810 ABLSBB TBA TBA 07-Jan-14 Call American ZAE000179255 ABLSBC TBA TBA 07-Jan-14 Call American ZAE000181962 ABLSBD TBA TBA 04-Mar-14 Call The last day to trade before this adjustment is made will be 8th November 2013. The Effective Date of the adjustment shall be 11th November 2013. The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the above-mentioned warrants. This Notice together with the Common Terms Document and Conditions Annexure record the terms and conditions of the agreement between the Parties. Any terms used in this Notice which are defined in the Common Terms Document, Conditions Annexure and the relevant Supplements shall bear the meaning ascribed to them therein, unless specifically stated otherwise herein. Other than as set out herein, the terms and conditions set out in the Common Terms Document, Conditions Annexure and relevant Supplements remain unchanged and in full force and effect. Please note that Share Instalments are subject to selling restrictions and prospective purchases are referred to the relevant Conditions Annexure for details of such restrictions. Date: 07/11/2013 05:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.