THE STANDARD BANK OF SOUTH AFRICA LIMITED - SBSA-Notification of Update of the Issuers Structured Note Programme

SBSA-Notification of Update of the Issuer’s Structured Note Programme

The Standard Bank of South Africa Limited
Incorporated in the Republic of South Africa
(Registration number 1962/000738/06)
(“the Issuer”)

Notification of Update of the Issuer’s Structured Note Programme

In   terms  of   paragraph  7.24  of  the  JSE   Debt  Listings
Requirements,   Noteholders  are  advised  that   the  Issuer’s
Structured Note Programme has been updated. The updated
document, dated 10 January 2019, which was formally approved by
the JSE on 11 January 2019, is available for inspection on the
Issuer’s website below:

http://stbankdemo33.aquawin.com/downloads/debt/Programme_Memoran
dum_-_Executed.pdf

A summary of the relevant     changes   to   the   Structured   Note
Programme are as follows –


•   Updated to ensure compliance with the new DLR provisions
    (including the amendments effective from 15 October 2018) as
    well as any changes to South African law applicable to,
    inter alia, the settlement, clearing and transfer of Notes,
    South African exchange control and taxation, and the
    subscription and sale of Notes.
•   Updated description of the Issuer to ensure information is
    current and accurate.
•   Annex 1 (Additional Terms and Conditions for Credit Linked
    Notes) and Annex 3 (Additional Terms and Conditions for FX
    Linked Notes) have been updated to align with the relevant
    ISDA Definitions.
•   Inclusion of Annex 2 (Additional Terms and Conditions for
    Equity Linked Notes) in order to allow for Equity Linked
    Notes to be issued under the Programme.
•   Updating risk factors in order to align with new FX Linked
    Note terms and conditions and inclusion of risk factors
    relating to Equity Linked Notes.
Dated 17 January 2019
Debt Sponsor – The Standard Bank of South Africa Limited

For further information please contact:
Johann Erasmus           SBSA (Debt Sponsor)
Email: johann.erasmus@standardbank.co.za

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