THE STANDARD BANK OF SOUTH AFRICA LIMITED - Standard Bank Africa Total Return Index SBAFRITR and Standard Bank Africa Index ETN

Standard Bank Africa Total Return Index – SBAFRITR and Standard Bank Africa Index ETN

THE STANDARD BANK OF SOUTH AFRICA LIMITED
STOCK CODE - SBAEI

STANDARD BANK AFRICA TOTAL RETURN INDEX – SBAFRITR AND 
STANDARD BANK AFRICA INDEX ETN

Notice is hereby given that on 18 October 2017 the SBAFRITR has rebalanced as 
prescribed in the Index Description by the Index Calculation Agent and approved at a 
duly constituted meeting. The SBAFRITR new constitutes and weightings are available 
on the Bloomberg ticker SBAFRITR Index <GO> or on 
http://corporateandinvestment.standardbank.co.za/CIB/Products/Global-
Markets/Exchange-traded-products

Further notice is given that in terms of the Index Rules a Hedging Disruption event has 
occurred in relation to the constitutes listed on the Zimbabwean Stock Exchange in that 
the Hedging Party is unable to “unwind or dispose of any transaction(s) or asset(s)
it deems necessary to hedge the equity price risk” as well its unable to “ freely realise, 
recover, remit, receive, repatriate or transfer the proceeds of any such
transaction(s) or asset(s)”. The relevant counters that are affected are DLTA ZH, ECO 
ZH and INN ZH. The Index Sponsor has exercised its rights as contained in the Index 
Rules by “determining the appropriate adjustment” to the Index by applying a divider to 
the said counters. The divider is determined daily by using OML SH, being a dual listed 
counter on both the Zimbabwean Stock Exchange and the JSE Limited as a proxy.


For further information contact:
Standard Bank ETN desk
Tel 0800 111 780
Email: AfricaETF@standardbank.co.za
Internet : www.standardbank.co.za/etns or 
http://corporateandinvestment.standardbank.co.za/CIB/Products/Global-
Markets/Exchange-traded-products

Dated 18 October 2017

Sponsor – The Standard Bank of South Africa Limited
Further information on the Note issued please contact:
Johann Erasmus SBSA (Sponsor) / +27 11 721 8412 
Email: johann.erasmus@standardbank.co.za

Date: 18/10/2017 05:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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