BNP PARIBAS ARBITRAGE ISSUANCE B.V. - BNP Paribas Arbitrage Issuance B.V. issue of ZAR15,000,000 warrants relating to the FTSE/JSE Africa Top 40 Index

BNP Paribas Arbitrage Issuance B.V. – issue of ZAR15,000,000 warrants relating to the FTSE/JSE Africa Top 40 Index

BNP Paribas Arbitrage Issuance B.V. – issue of ZAR15,000,000
warrants relating to the FTSE/JSE Africa Top 40 Index

Stock Code: ZA088
ISIN Code: ZAE000199121
Dated: 3 December 2014

The JSE Limited has granted a listing to BNP Paribas Arbitrage
Issuance B.V. – ZA088 Warrants relating to the FTSE/JSE Africa
Top 40 Index under its Note, Warrant and Certificate Programme
dated 5 June 2014 (read with the JSE Placement Document dated 21
November 2013) as supplemented from time to time.

Authorised Programme size:       Unlimited
Total securities issued:         ZAR36,832,217,085

Warrant details are as follows:

Index:                            FTSE/JSE Africa Top 40 Index
Basket of Shares:                 As per Applicable Pricing
                                  Supplement
Nominal Issued:                   ZAR15,000,000
Issue Date:                       4 December 2014
Issue Price per Warrant:          ZAR0.196 per Warrant
JSE Code:                         ZA088
ISIN Code:                        ZAE000199121
Exercise Date:                    20 November 2019
Exercise Price:                   Not applicable
Warrant Style:                    Index Securities
                                  European Style Warrants
                                  Automatic Exercise applies
Books Close:                      24 November 2019 to 3 December
                                   2019
Last day to register:             By 17h00 on 23 November 2019
Placement Agent:                  BNP Paribas Arbitrage S.N.C.


Settlement will take place electronically via Strate in terms of
the JSE Rules.

For further information on the Securities issued please contact:

Michael Schneider   BNP    Tel:(+33)140 1496 15

Sponsor: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division

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