THE STANDARD BANK OF SOUTH AFRICA LIMITED - Listing of Exchange Traded Notes: SBOIL and SBCOP

Listing of Exchange Traded Notes: SBOIL and SBCOP

The Standard Bank of South Africa Limited

Listing of Exchange Traded Notes (“ETNs”)

SBCOP (Copper ETN) - ISIN Code: ZAE000300497
SBOIL (Oil ETN) – ISIN Code: ZAE000300489

(together the “Commodity ETNs”)

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited for the Commodity ETNs due 12 July 2041 -
sponsored by The Standard Bank of South Africa Limited (acting
through its Corporate and Investment Banking Division)(“the
Issuer”) under its Structured Note Programme (“the Programme”)
which can be found on the Issuer’s website.

Authorised Programme size          ZAR60,000,000,000
Total notes issued
(including current issue)          ZAR52,863,901,386,55

Note details are as follows:

SBOIL:

Issue Date:                        13 July 2021
Nominal Issued:                    ZAR503,000,000
Redemption Basis:                  Index Linked
Issue Price:                       1006 ZA cents per Note
Number of Notes:                   50,000,000 Notes
Relevant Commodity:                Brent blend crude oil
Underlying Exposure:               OIL-BRENT-ICE
Allocation factor at Issue:        1/100
Annual management fee
accrued daily:                     0.35%
Maturity Date:                     12 July 2041, subject to
                                   adjustments detailed in the
                                   Pricing Supplement.
Business Day Convention:           Following Business Day
Record Date for Final Maturity:    10 July 2041, subject to
                                   adjustments detailed in the
                                   Pricing Supplement.
SBCOP:

Issue Date:                        13 July 2021
Nominal Issued:                    ZAR247,200,000
Redemption Basis:                  Index Linked
Issue Price:                       618 ZA cents per Note
Number of Notes:                   40,000,000 Notes
Relevant Commodity:                High grade copper
Underlying Exposure:               COPPER-COMEX
Allocation factor at Issue:        1/10
Annual management fee
accrued daily:                     0.35%
Maturity Date:                     12 July 2041, subject to
                                   adjustments detailed in the
                                   Pricing Supplement.
Business Day Convention:           Following Business Day
Record Date for Final Maturity:    10 July 2041, subject to
                                   adjustments detailed in the
                                   Pricing Supplement.

Information for general purpose:

The ETN price comprises of the allocation factor multiplied by
the ZAR commodity future price giving the investor exposure to
a portion of a pound/barrel of the commodity. This allocation
factor is determined on issuance of the note and fluctuates
through time.
The Commodity ETNs’ return is derived from the following
sources:
1) Performance of the near dated commodity futures contract;
2) overnight USD Libor less 0.1%, accruing daily;
3) Change in USD / ZAR exchange rate;
4) Roll and rebalancing yield, resulting from selling the
    current future and buying the distant future on roll;
5) Annual management fee of 0.35%, accrued daily.

The futures are rolled into more distant contracts as the near
dated contracts approach maturity. The rolling will begin 40
days prior to the expiry of the futures contract, over a five-
day period. When rolling from one future to another the full
Rand value is rolled into the next future, therefore if the
next future’s price is higher/lower than the previous one,
your exposure will decrease/increase in line.

Placement Agent:                   The Standard Bank of South
                                   Africa Limited

Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific Note issuance.
Notes will be deposited in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms
of JSE Rules.
Dated: 12 July 2021
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 12-07-2021 03:00:00
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