STANDARD BANK OF SA LTD - Announcement of amendments in respect of CLN406

Announcement of amendments in respect of CLN406

THE STANDARD BANK OF SOUTH AFRICA LIMITED
(REGISTRATION NUMBER 1962/000738/06)
Announcement of amendments in respect of CLN406
ISIN Code:   ZAG000127135


NOTICE IS GIVEN TO ALL HOLDERS OF CLN406 ZAR28,365,207 iTRAXX®
EUROPE CROSSOVER SERIES 23 LISTED NOTE DUE 20 JUNE 2020 (Stock
Code: CLN406 and ISIN Code: ZAG000127135) (the “Note”) issued in
terms of The Standard Bank of South Africa Limited’s Structured
Note Programme (the “Programme”)) on 11 June 2015. 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: ZAR27,143,687;
2.   the Nominal Amount of the Affected Portion is amended to:
     -ZAR821,521; and
3.   the Margin of the Affected Portion is amended to: 1.42131%.

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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