THE STANDARD BANK OF SOUTH AFRICA LIMITED - THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER 1962/000738/06) Credit Event Announcement: SBC095

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER 1962/000738/06) – Credit Event Announcement: SBC095

THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Credit Event Announcement in respect of SBC095


NOTICE IS GIVEN TO ALL HOLDERS OF SBC095 ZAR24,666,750 S&P Dow
Jones iTRAXX® Europe Crossover Series 42 LISTED NOTE DUE
20 December 2029 (Stock Code: SBC095 and ISIN Code: ZAG000211699)
(the "Note") issued in terms of The Standard Bank of South Africa
Limited's Structured Note Programme (the "Programme")) on
02 January 2025. Capitalised terms used and not otherwise defined
in this announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.


Notice is hereby given that a Credit Event Determination Date has
occurred under the terms of the Note in respect of the Portion
relating to Altice France S.A. ("Altice") due to the fact that
following the Credit Event Resolution Request Date of 28 May 2025,
ISDA has on 09 June 2025 publicly announced that the relevant
Credit Derivatives Determinations Committee has Resolved that a
Bankruptcy Credit Event had occurred in respect of Altice, which
is one of the Reference Entities included in the Index, as listed
in the relevant Annex.


As a result of the occurrence of the Credit Event Determination
Date, the following will occur in accordance with the provisions
of the Pricing Supplement:

  A.   interest will cease to accrue in respect of the Portion
       relating to Altice (such Portion the "Affected Portion")
       with effect from 20 March 2025, being the interest payment
       date occurring immediately prior to the Credit Event
       Determination Date, until the day which is 5 Business Days
       following the determination of the Final Price or the
       publication of the Auction Final Price, as the case may be,
       such day the "Calculation Date";

  B.   the Calculation Agent will determine the Credit Event
       Redemption Amount in respect of the Affected Portion (which
       amount may be positive or negative; and

  C.   the Issuer will, as soon as reasonably practicable following
       the determination of the Credit Event Redemption Amount and
       the applicable amended FO, notify the Noteholders of all of
      the amendments made to such Affected Portion of the Note as
      set out in (A) and(B) above.

Notice is given to Noteholders for information purposes only.   No
action is required by Noteholders.

Dated 24 July 2025

Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 24-07-2025 10:30:00
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