THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - ELN038?

New Financial Instrument Listing Announcement - “ELN038”

The Standard Bank of South Africa Limited
Debt Board: New Financial Instrument Listing Announcement -
"ELN038"


Stock Code: ELN038

ISIN Code: ZAG000222233

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – ELN038 Equity Index Linked Notes due 23
January 2029 - sponsored by The Standard Bank of South Africa
Limited under its Structured Note Programme.


Authorised Programme size                   ZAR150,000,000,000

Total notes issued
(including current issue)                        ZAR177,226,447,532.


Full Note details are as follows:

Issue Date:                                              23 January 2026

Nominal Issued:                                      ZAR50,000,000

Final Redemption Amount:                    Per the Applicable Pricing
                                                                 Supplement (Formula Driven)

Trade Type:                                             Equity Index-Linked Note

Issue Price:                                             100%

Maturity Date:                                        23 January 2029

Interest Commencement Date:              Not applicable

Redemption Basis:                                  Equity Index-Linked

Business Day Count/Convention:          Following Business Day
                                    Convention

Books Close:                                            18 January 2029 to 23
                                                                 January 2029

Last day to register:                                By 17:00 on 17 January 2029.

Placement Agent:                                    The Standard Bank of South
                                                                  Africa Limited
Debt Security subject
to guarantee; security
or credit enhancement:                           Not Applicable


Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific issuance.
Notes will be deposited in the Central Securities Depository
("CSD") and settlement will take place electronically in terms
of the JSE Rules.


Dated:22 January 2026

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: 22-01-2026 11:24:00
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