BNP PARIBAS ISSUANCE B.V. - ZA434 - Issue of ZAR 20,000,000 Index Securities due 26 February 2031

ZA434 - Issue of ZAR 20,000,000 Index Securities due 26 February 2031

BNP Paribas Issuance B.V (incorporated in the Netherlands on 10
November 1989)
Issuer Code : BNPPP

Guarantor: BNP Paribas (incorporated in France on 23 May 2000)

Stock Code: ZA434
ISIN Code: ZAE000357323
Dated: 25 February 2026

Issue of ZAR 20,000,000 Index Securities due 26 February 2031

The JSE Limited has granted a listing to BNP Paribas Issuance B.V. – ZA434 Index Securities due 26 February 2031, under its
Note, Warrant and Certificate Programme dated 27 May 2025 (read with the JSE Placement Document dated 1 September 2016) as
supplemented from time to time, effective 26 February 2026.

Authorised Programme size      Unlimited
Total securities issued        ZAR26,966,947,336

Full Note details are as follows:

Nominal Issued:                 ZAR 20,000,000
Issue Price:                    ZAR 1,000 per Certificate
Type of Securities:             Index
                                Securities

Underlying Entity(ies):         EURO STOXX 50
                                CSI 300 Index
                                S&P 500®


Valuation Date:                Wednesday, 12 February 2031
Finalisation Date:             By 11:00, Wednesday, 19 February 2031
Last day to trade:             Thursday, 20 February 2031
Suspension Date:               Friday, 21 February 2031
Record Date:                   Tuesday, 25 February 2031
Maturity Date:                 Wednesday, 26 February 2031
Termination Date:              Thursday, 27 February 2031

Copies of the Final Terms are available on request, at the following email address: DL.BNPP.Solutions.MEA@bnpparibas.com
Copies of the Base Prospectus and the JSE Placement Document are available on the Issuer's website at: 
https://rates-globalmarkets.bnpparibas.com/documents/legaldocs/resourceindex.htm


Placement Agent: BNP Paribas Financial Markets S.N.C. (formerly known as BNP Paribas Arbitrage S.N.C.)

Settlement will take place electronically in terms of JSE Rules.

For further information on the Securities issued please contact:
Brett Dugmore        BNP               Tel: +44 207 595 9636

Sponsor: The Standard Bank of South Africa Limited
Date: 25-02-2026 12:35:00
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