SCIB: The Standard Bank of South Africa Limited - Adjustments to the terms and conditions of ABL Share Instalments The Standard Bank of South Africa Limited 2013/11/11 ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK AFRICAN BANK INVESTMENTS LTD SHARE INSTALMENTS 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 holders of ABL share instalments will not receive any rights but the terms of the share instalments will be adjusted to place the share instalment holders in the same financial position they were prior to the rights offer ex-date. The terms of the Instalments shall be determined at the close of business on 8th November 2013. The following share instalments will be affected by this corporate action: Existing Terms Conversion ISIN JSE Code Exercise Price Expiry Ratio ZAE000176541 ABLSTI R23.00 1:1 07-May-2014 ZAE000180709 ABLSTJ R11.80 1:1 09-July-2014 New Terms Conversion ISIN JSE Code Exercise Price Expiry Ratio ZAE000176541 ABLSTI R 16.11 1:1 07-May-2014 ZAE000180709 ABLSTJ R 6.29 1:1 09-July-2014 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 share instalments. 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: 11/11/2013 10:20:00 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.