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SBSA/SBK 7 - Redemption of SBK 7 Tier II Capital Notes
THE STANDARD BANK OF SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1962/000738/06)
Stock Code: SBK 7
ISIN Code: ZAG0000024894
SBSA/SBK 7 - The Standard Bank of South Africa Limited - Redemption of SBK 7 Tier
II Capital Notes
On 24 May 2005, The Standard Bank of South Africa Limited (“Standard Bank”) issued
ZAR 3,000,000,000 Subordinated Unsecured Notes which qualified as Tier II capital
(the “SBK 7 Notes”).
The SBK 7 Notes are subject to the terms and conditions contained in the Programme
Memorandum dated 26 October 2004 (the “Programme Memorandum”) as read together with
the Applicable Pricing Supplement issued in respect of the SBK 7 Notes dated 19
May 2005 (the “Applicable Pricing Supplement”).
In terms of the Applicable Pricing Supplement, the SBK 7 Notes mature on 24 May 2020,
however, they are redeemable at the option of Standard Bank on 24 May 2015, subject to
the prior written approval of the Registrar of Banks.
Pursuant to Condition 11.3 of the Terms and Conditions set out in the Programme Memorandum,
as read together with condition 47(a) of the Applicable Pricing Supplement and after having
obtained the requisite prior written approval from the Registrar of Banks, Standard Bank
hereby gives notice that it shall redeem the SBK 7 Notes on 24 May 2015 at the face value
thereof, together with any interest accrued thereon up until that date.
Last Day to Register Thursday, 14 May 2015
Books Closed from Friday, 15 May 2015
Payment Date Monday, 25 May 2015
Dated 4 May 2015
For further information contact:
Standard Bank
Jan Brits
Tel +27 11 415 4344
Email: janjr.brits@standardbank.co.za
Sponsor: The Standard Bank of South Africa Limited
Date: 04/05/2015 08:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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