THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank of South Africa Ltd -Adjustments to T's and Cs of the Knockout Warrants

SCIB: The Standard Bank of South Africa Ltd -Adjustments to T's and Cs of the Knockout Warrants

The Standard Bank of South Africa Limited

2023/05/12

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK GROUP KNOCKOUT WARRANTS

Following the issuance of KNOCKOUT WARRANT (“TOPSKU”) on the 10 May
2023.

Notice is hereby given that the terms of the TOPSKU warrant will be adjusted to a
European barrier Call with a down and out strike price / knockout level of 68000.

The following warrants will be affected by this adjustment:

Existing Terms

   ISIN       JSE Code     Exercise Price   Conversion   Ratio Expiry         Exercise Style
ZAE000321485  TOPSKU            76000             500      6 Feb-24           European Call

New Terms

   ISIN       JSE Code     Exercise Price    Conversion Ratio   Expiry        Exercise Style
ZAE000321485   TOPSKH           68000             500           6 Feb-24      European Call

The Effective Date of the adjustment shall be 16th May 2022.

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
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

Date: 12-05-2023 02:10:00
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