THE STANDARD BANK OF SOUTH AFRICA LIMITED - THE STANDARD BANK OF SOUTH AFRICA LIMITED Announcement of amendments in respect of CLN577

THE STANDARD BANK OF SOUTH AFRICA LIMITED – Announcement of amendments in respect of CLN577

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Announcement of amendments in respect of
CLN577


NOTICE IS GIVEN TO ALL HOLDERS OF CLN577 ZAR47,542,188.42
iTRAXX® EUROPE CROSSOVER SERIES 31 LISTED NOTE DUE 20 JUNE 2024
(Stock Code: CLN577 and ISIN Code: ZAG000158437) (the “Note”)
issued in terms of The Standard Bank of South Africa Limited’s
Structured Note Programme (the “Programme”)) on 05 April 2019.
Capitalised terms used and not otherwise defined in this
announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.


Pursuant to the Failure to Pay Credit Event which occurred in
respect of Casino Guichard Perrachon SA (“Casino”), as advised
in an announcement dated 27 September 2023, the Pricing
Supplement will be amended as follows:


1.   the amount by which the Aggregate Nominal Amount is to be
     reduced is ZAR679 902.27, such that the Aggregate Nominal
     Amount will be amended to ZAR46,862,286.15;


2.   the Nominal Amount of the Affected Portion (being the Portion
     relating to Casino) will be amended to ZAR-12,903;


3.   the Margin of the Affected Portion is amended to: 0.46%; and


4.   the record date is 02 October 2023.


Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.


Dated 02 October 2023


Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 02-10-2023 03:47:00
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