New Financial Instrument Listing of ZA120 BNP Paribas Arbitrage Issuance B.V. Stock Code: ZA120 ISIN Code: ZAE000244133 Dated: 4 May 2017 Issue of ZAR100,000,000 Hybrid Credit Linked Certificates due 5 July 2022 The JSE Limited has granted a listing to BNP Paribas Arbitrage Issuance B.V. – ZA120 Hybrid Credit Linked Certificates due 5 July 2022, under its Note, Warrant and Certificate Programme dated 9 June 2016 (read with the JSE Placement Document dated 1 September 2016) as supplemented from time to time. Authorised Programme size Unlimited Total securities issued ZAR 7,751,281,462 Full Note details are as follows: Nominal Issued: ZAR 100,000,000 Issue Price: ZAR 1,000 per certificate Type of Securities: Hybrid Credit Linked Certificates Number of Securities to be Issued: 100,000 Underlying Index: Hybrid Securities Index Securities:BNP Paribas Multi-Asset Diversified Vol 4 USD FX Hedged Future Index which is a Custom Index Credit Securities:Basket Credit Security reflected in the Pricing Supplement Interest Commencement Date: 5 May 2017 Settlement Date: 5 May 2017 Declaration Date: 14 June 2022 Last day to trade: 28 June 2022 Ex-Date: 29 June 2022 Record Date: 1 July 2022 Interest Payment Date: 5 July 2022 Redemption Date: 5 July 2022 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: 04/05/2017 08:05:00 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.