THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - warrant terms adjustment

SCIB: The Standard Bank Of South Africa - warrant terms adjustment

The Standard Bank of South Africa Limited

2018/04/09

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK SIBANYE GOLD LTD WARRANTS

Following the Sibanye Gold Limited (“SGL”) announcement on the Capitalisation
Issue, SGL shareholders will receive 4 SGL shares for every 100 SGL shares.

Following this announcement, notice is hereby given that the terms of the SGL
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 10th April 2018.

The following warrants will be affected by this corporate action:

Existing Terms
                 JSE      Exercise Conversion                 Exercise
ISIN                                                Expiry
                 Code      Price     Ratio                     Style
                                                    04-Jul-      American
ZAE000251757                R 22.00        13.00
                SGLSBG                                18           Call
                                                    02-Aug-      American
ZAE000253993                R 18.50        10.00
                SGLSBH                                18           Call
                                                    07-Nov-      American
ZAE000256442                R 13.00         6.00
                 SGLSBI                               18           Call
                                                    03-May-      European
ZAE000250106                R 15.00         9.00
                SGLSBQ                                 18           Put

New Terms
                 JSE      Exercise Conversion                 Exercise
ISIN                                                Expiry
                 Code      Price     Ratio                     Style
                                                    04-Jul-      American
ZAE000251757                 TBA           TBA
                SGLSBG                                18           Call
                                                    02-Aug-      American
ZAE000253993                 TBA           TBA
                SGLSBH                                18           Call
                                                    07-Nov-      American
ZAE000256442                 TBA           TBA
                 SGLSBI                               18           Call
                                                    03-May-      European
ZAE000250106                 TBA           TBA
                SGLSBQ                                 18           Put



The Effective Date of the adjustment shall be 11th April 2018.

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.

Date: 09/04/2018 10:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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