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

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

The Standard Bank of South Africa Limited

2017/05/24

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

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

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 share instalments will be affected by this corporate action:

Existing Terms
                  JSE     Exercise Conversion        Exercise
ISIN                                          Expiry
                  Code     Price     Ratio            Style
                                                    04-     American
ZAE000249991 SGLSTB        R 12.00        1
                                                   Oct-18     Call

New Terms
                  JSE     Exercise Conversion        Exercise
ISIN                                          Expiry
                  Code     Price     Ratio            Style
                                                    04-     American
ZAE000249991 SGLSTB          TBA          1
                                                   Oct-18     Call



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 share instalments.

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 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.