SCIB: The Standard Bank of South Africa Limited - Adjustments to the Terms of the Barclays Africa Group LTD Warrants The Standard Bank of South Africa Limited 2013/11/15 ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK BARCLAYS AFRICA GROUP LTD WARRANTS Following the Barclays Africa Group Ltd (“BGA”) announcement of a special dividend of 708c. Following this announcement, notice is hereby given that the terms of the BGA 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 15th November 2013. The following warrants will be affected by this corporate action: Existing Terms JSE Exercise Conversion ISIN Expiry Exercise Style Code Price Ratio ZAE000178414 ASASBJ R 160.00 40 07-Jan-14 American Call ZAE000178422 ASASBT R 140.00 35 07-Jan-14 European Put ZAE000181988 BGASBA R 150.00 40 04-Mar-14 American Call ZAE000185468 BGASBP R 165.00 70 07-May-14 European Put New Terms JSE Exercise Conversion ISIN Expiry Exercise Style Code Price Ratio ZAE000178414 ASASBJ TBA TBA 07-Jan-14 American Call TBA TBA ZAE000178422 ASASBT 07-Jan-14 European Put TBA TBA ZAE000181988 BGASBA 04-Mar-14 American Call TBA TBA ZAE000185468 BGASBP 07-May-14 European Put The last day to trade before this adjustment is made will be 15th November 2013. The Effective Date of the adjustment shall be 18th 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: 15/11/2013 01:52:00 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.