STANDARD BANK OF SA LTD - Announcement of amendments in respect of CLN393

Announcement of amendments in respect of CLN393

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Announcement of amendments in respect of
CLN393


ISIN: ZAG000120841
NOTICE IS GIVEN TO ALL HOLDERS OF CLN393 ZAR48,259,926 iTRAXX®
EUROPE CROSSOVER SERIES 22 LISTED NOTE DUE 20 DECEMBER 2019
(Stock Code: CLN393 and ISIN Code: ZAG000120841) (the “Note”)
issued in terms of The Standard Bank of South Africa Limited’s
Structured Note Programme (the “Programme”)) on 24 October 2014.
Capitalised terms used and not otherwise defined in this
announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.
Pursuant to the Restructuring Credit Event which occurred in
respect of Norske Skogindustrier ASA (“Norske”), as advised in
an announcement dated 20 June 2016, the Affected Portion (being
the Portion relating to Norske) will be amended as follows:

1.   the Aggregate Nominal Amount is amended to: ZAR47,025,912;

2.   the Nominal Amount of the Affected Portion is amended to:

     ZAR-567,347; and
3.   the Margin of the Affected Portion is amended to: 1.34631%.
Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.
Dated 01 July 2016
Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

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