THE STANDARD BANK OF SOUTH AFRICA LIMITED - Redemption of ZAR 1,000,000,000 Subordinated Unsecured Tier 2 Notes due 28 May 2027 - SBK23

Redemption of ZAR 1,000,000,000 Subordinated Unsecured Tier 2 Notes due 28 May 2027 - SBK23

The Standard Bank of South Africa Limited
Registration Number 1962/000738/06)
Issuer Code: BISTDB

Stock Code: SBK23
ISIN Code: ZAG000126434


Redemption of ZAR 1,000,000,000 Subordinated Unsecured Tier 2 Notes due
28 May 2027


On 28 May 2015, The Standard Bank of South Africa Limited (“Standard
Bank”) issued ZAR 1,000,000,000 Subordinated Unsecured Tier 2 Notes due
28 May 2027(the “SBK23 Notes”).
The SBK23 Notes are subject to the terms and conditions contained in the
Programme Memorandum dated 25 November 2014 (the “Programme Memorandum”)
as read together with the Applicable Pricing Supplement issued in respect
of the SBK23 Notes dated 25 May 2015 (the “Applicable Pricing
Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date of the
SBK23 Notes is 28 May 2027, unless redeemed early at the option of
Standard Bank on 28 May 2022, subject to the prior written approval of
the Prudential Authority.
Pursuant to Condition 50(a) of the Applicable Pricing Supplement and
having obtained the requisite prior written approval from the Prudential
Authority, Standard Bank hereby gives notice that it shall redeem the
SBK23 Notes on 28 May 2022 at 100% of the aggregate nominal amount
thereof, together with any interest accrued thereon up until that date.

Last Day to Register          By 17h00 on Wednesday, 18 May 2022
Books Closed                  Thursday, 19 May 2022
Payment Day                   Monday, 30 May 2022 (payment adjusted in
                              accordance with Following Business Day
                              Convention)

Dated 11 April 2022

For further information contact:
Standard Bank
Jan Brits
Email: jan.brits2@standardbank.co.za

Debt Sponsor: Standard Bank

Date: 11-04-2022 08:30:00
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