BNP PARIBAS ARBITRAGE ISSUANCE B.V. - Issue of Index Linked Redemption Notes - ZA104

Issue of Index Linked Redemption Notes - ZA104

BNP Paribas Arbitrage Issuance B.V.

Stock Code: ZA104

ISIN Code: ZAE000213872

Dated: 9 March 2016

Issue of ZAR50,000,000 Index Linked Redemption Notes due 12
March 2019

The JSE Limited has granted a listing to BNP Paribas Arbitrage
Issuance B.V. – ZA104 Index Linked Redemption Notes due 12 March
2019, under its Note, Warrant and Certificate Programme dated 9
June 2015 (read with the JSE Placement Document dated 21
November 2013) as supplemented from time to time.

Authorised Programme size       Unlimited
Total securities issued         ZAR7,315,688,085


Full Note details are as follows:

Nominal Issued:                 ZAR50,000,000
Issue Price:                    ZAR1,000 per note
Type of Securities:             Index Linked Redemption Notes
Underlying Index:               BNP Paribas Multi-Asset
                                Diversified Vol 8 EUR Global
                                Index is a Custom Index
Interest Commencement Date:     Not Applicable
Interest Payment Date:          Not Applicable
Maturity Date:                  12 March 2019
Books Close:                    2 March 2019 until the
                                Maturity Date
Last day to register:           By 17h00 on 1 March 2019
Listing Date:                   10 March 2016
Placement Agent:                BNP Paribas Arbitrage S.N.C.

Settlement will take place electronically in terms of 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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