THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa: Amendment to terms announcement notice - EXX warrants

SCIB: The Standard Bank Of South Africa: Amendment to terms announcement notice - EXX warrants

The Standard Bank of South Africa Limited

2021/04/26
Adjustment to previous Sense Announcement 26/04/2021
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK EXXARO RESOURCES LTD WARRANTS

Following the Exxaro Resources Ltd (“EXX”) announcement of a special dividend of
543c.

Following this announcement, notice is hereby given that the terms of the EXX
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the rights offer ex-date. The terms of the warrants shall be
determined at the close of business on 26 April 2021.

The following warrants will be affected by this corporate action:

Existing Terms
     ISIN      JSE Code        Exercise Price Conversion Ratio        Expiry      Exercise Style
ZAE000293908       EXXSBM         R 130.00             65            03-Aug-21     American Call
ZAE000296689       EXXSBN         R 160.00             60            02-Sep-21     American Call
ZAE000296992       EXXSBO         R 185.00             55            02-Nov-21     European Put
ZAE000297172       EXXSBP         R 160.00             95            02-Nov-21     European Put

New Terms

     ISIN         JSE Code     Exercise Price Conversion Ratio        Expiry      Exercise Style
ZAE000293908       EXXSBM         R 125.70           62.85           03-Aug-21     American Call
ZAE000296689       EXXSBN         R 154.71           58.02           02-Sep-21     American Call
ZAE000296992       EXXSBO         R 178.89           53.18           02-Nov-21     European Put
ZAE000297172       EXXSBP         R 154.71           91.86           02-Nov-21     European Put
                                                th
The Effective Date of the adjustment shall be 28 April 2021.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.

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: 26-04-2021 05:40:00
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