THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited-SBRN18-First Interim Redemption Payment

The Standard Bank of South Africa Limited-SBRN18-First Interim Redemption Payment

The Standard Bank of South Africa Limited
Corporate Action Announcement - “SBRN18”

Stock Code: SBRN18
ISIN Code: ZAE000305884

All holders of SBRN18 notes, who hold these notes on 23 June 2023
(the Record Date for this Corporate Action) are advised that the
First Interim Period ended on 19 June 2023 (“Maturity Date of
First Interim Period”). Due to the 5-day settlement period
between the Trade Date and the Issue Date, when acquiring the
Notes, the First Interim Redemption Amount will be paid on
26 June 2023 applying the same 5-day settlement period between
the Maturity Date of the First Interim Period, that is
19 June 2023, and the Payment Date of the First Interim
Redemption Amount, that is 26 June 2023.

On 26 June 2023, Standard Bank will pay ZAR1 400.00 per Note
(“the First Interim Payment Amount”) to the holders of SBRN18
Notes. Since the First Interim Payment Amount includes 25% of
the capital of the initial purchase price of the Notes, the
Issuer will on 27 June 2023 reduce the base costs of the Notes
(that is the specified denomination of the Notes) to ZAR3 750.00
per Note to account for the reductions in the capital pursuant
to the First Interim Redemption.

First Interim Period
Maturity Date                            19 June 2023

First Interim Payment Amount per
Note:                                    ZAR     1 400.00
Capital Amount Per Note repaid:          ZAR     1 250.00
Interest Amount per Note paid:           ZAR       150.00


Total First Interim Payment Amount:      ZAR4 201 400.00
Total Capital Amount repaid:             ZAR3 751 250.00
Total Interest Amount paid:              ZAR 450 150.00

First Interim Payment Amount
Settlement Date:                         26 June 2023

Last Date to Trade:                      20 June 2023

Ex Date:                                 21 June 2023

Record Date:                             23 June 2023

Dated: 20 June 2023
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: 20-06-2023 04:00:00
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