BNP PARIBAS ARBITRAGE ISSUANCE B.V. - Issue of ZAR50,000,000 Index Linked Redemption Notes due 24 April 2019

Issue of ZAR50,000,000 Index Linked Redemption Notes due 24 April 2019

BNP Paribas Arbitrage Issuance B.V.

Stock Code: ZA107

ISIN Code: ZAE000216644

Dated: 8 April 2016

Issue of ZAR50,000,000 Index Linked Redemption Notes due 24
April 2019

The JSE Limited has granted a listing to BNP Paribas Arbitrage
Issuance B.V. – ZA107 Index Linked Redemption Notes due 24 April
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         ZAR7,335,688,085


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:                  24 April 2019
Books Close:                    14 April 2019 until the
                                Maturity Date
Last day to register:           By 17h00 on 13 April 2019
Listing Date:                   8 April 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

Date: 08/04/2016 12:38:00 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.