BNP PARIBAS ARBITRAGE ISSUANCE B.V. - Redemption of Certificates relating to the Cadiz Dynamic Global Opportunities ER Index Fund due 20 July 2015 - ZA015

Redemption of Certificates relating to the Cadiz Dynamic Global Opportunities ER Index Fund due 20 July 2015 - ZA015

BNP Paribas Arbitrage Issuance B.V.
(Incorporated in the Netherlands)
JSE Stock Code: ZA015
ISIN: ZAE000164091
(Previously ZAG000079195)
Series: CE0114SAD
("BNP")

REDEMPTION OF CERTIFICATES RELATING TO THE CADIZ DYNAMIC
GLOBAL OPPORTUNITIES ER INDEX FUND DUE 20 JULY 2015

Holders of the BNP Certificates relating to the Cadiz Dynamic
New World ER Index Fund due 20 July 2015 (the Certificates)
are hereby advised that the final redemption amount to be paid
on Monday, 20 July 2015, (the Redemption Date) will be
determined on 13 July 2015 (the Redemption Valuation Date) for
each ZAR1 of nominal amount.

The salient dates relating to this redemption are as follows:

Last date to trade                    Friday, 10 July 2015
Suspension date                       Monday, 13 July 2015
Record Date                           Friday, 17 July 2015
Payment/Redemption Date               Monday, 20 July 2015
Termination date                      Tuesday, 21 July 2015

Johannesburg
26 June 2015

Debt Sponsor
The Standard Bank of South Africa Limited

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