THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank of South Africa - adjustment to terms and conditions of NPN share instalment

SCIB: The Standard Bank of South Africa - adjustment to terms and conditions of NPN share instalment

The Standard Bank of South Africa Limited

2017/09/19

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK NASPERS LTD WARRANTS

Following the Naspers Limited (“NPN”) announcement on the 5th September 2017 &
the 12th September 2017 relating to the unbundling of Novus Holdings Limited
(“NVS”), Naspers will unbundle its interest in Novus to Shareholders. Each
Shareholder will receive 0.34588 Novus share for each Naspers share held.

Following this announcement, notice is hereby given that the terms of the NPNSTL
share instalment will not receive any shares but the value of the NPN shares will be
used to reduce the Exercise Price of the Share Instalments to place the share
instalment holders in the same financial position they were prior to the unbundling ex-
date.


The following warrants will be affected by this corporate action:

Existing Terms
                   JSE       Exercise       Conversion               Exercise
ISIN                                                       Expiry
                   Code       Price           Ratio                   Style
                                R                          04-Oct-   American
 ZAE000227625     NPNSTL                        1
                             1,800.00                        17        Call

New Terms
                   JSE                        Conversion             Exercise
ISIN                       Exercise Price                   Expiry
                  Code                          Ratio                 Style
                                                             04-     American
ZAE000227625 NPNSTL          R 1,797.92             1
                                                            Oct-17     Call



The Effective Date of the adjustment shall be 20th September 2017.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.

This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out herein, the
terms and conditions set out in the Common Terms Document, Conditions Annexure
and relevant Supplements remain unchanged and in full force and effect.
Please note that Share Instalments are subject to selling restrictions and prospective
purchases are referred to the relevant Conditions Annexure for details of such
restrictions.

Date: 20/09/2017 08:30:00 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.