STANDARD BANK OF SA LTD - Announcement of amendments

Announcement of amendments

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


NOTICE IS GIVEN TO ALL HOLDERS OF CLN406 ZAR25,893,770.19
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 Bankruptcy Credit Event which occurred in
respect of Grupo Isolux Corsan Finance BV (“Isolux”), as advised
in an announcement dated 02 September 2016, the Affected Portion
(being the Portion relating to Isolux) will be amended as
follows:
1.   the Aggregate Nominal Amount is amended to: ZAR24,556,103.62;
2.   the Nominal Amount of the Affected Portion is amended to:
     - ZAR937,667; and
3.   the Margin of the Affected Portion is amended to: 1.37049%.
Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.
Dated 08 September 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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