BNP PARIBAS ARBITRAGE ISSUANCE B.V. - Redemption on certificates relating to Cadiz Dynamic global opportunities ER index fund due 20 July 2016

Redemption on certificates relating to Cadiz Dynamic global opportunities ER index fund due 20 July 2016

BNP Paribas Arbitrage Issuance B.V.
(Incorporated in the Netherlands)
JSE Stock Code: ZA027
ISIN: ZAE000164224

(Previously ZAG000087529)

Series: CE0521SAD
("BNP")

REDEMPTION ON CERTIFICATES RELATING TO CADIZ DYNAMIC GLOBAL
OPPORTUNITIES ER INDEX FUND DUE 20 JULY 2016

Holders of the BNP Certificates relating to the Cadiz Dynamic Global
Opportunities ER Index Fund due 20 July 2016 (the Certificates) are hereby
advised that the final redemption amount to be paid on Wednesday, 20 July
2016 (the Redemption Date), will be determined on 13 July 2016 (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, 1 July
Suspension date                                   Monday, 4 July
Record Date                                       Friday, 8 July
Payment/Redemption Date                           Wednesday, 20 July
Termination date                                  Thursday, 21 July

Johannesburg
17 June 2016
Debt Sponsor
The Standard Bank of South Africa Limited

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