SCIB: The Standard Bank Of South Africa- Corporate action announcement for CFR warrnts The Standard Bank of South Africa Limited 2020/09/07 ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK COMPAGNIE FIN RICHEMONT WARRANTS Following the COMPAGNIE FIN RICHEMONT (“CFR”) announcement on the Equity-Based loyalty scheme, CFR shareholders will receive 2 A Warrant Receipts shares for every 1 CFR shares held. Following this announcement, notice is hereby given that the terms of the CFR warrants will be adjusted to place the warrant holders in the same financial position they were prior to the warrants issue. The terms of the warrants shall be determined at the close of business on 15th September 2020. The following warrants will be affected by this corporate action: Existing Terms ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style ZAE000285094 CFRSBA R 110.00 35 06-Oct-20 American Call ZAE000285672 CFRSBB R 95.00 60 06-Oct-20 American Call ZAE000287967 CFRSBC R 120.00 55 03-Feb-20 American Call New Terms ISIN JSE Code Exercise Price Conversion Ratio Expiry Exercise Style ZAE000285094 CFRSBA TBA TBA 06-Oct-20 American Call ZAE000285672 CFRSBB TBA TBA 06-Oct-20 American Call ZAE000287967 CFRSBC TBA TBA 03-Feb-20 American Call The Effective Date of the adjustment shall be 16th September 2020. 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. For further information contact : Standard Bank Warrants Tel 0800 111 780 e-mail : derivatives@standardbank.co.za Sponsor : SBG Securities (Pty) Limited (Registration Number: 1972/008305/07) An authorised user of the JSE Limited Date: 07-09-2020 02:45:00 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.