SCIB: Adjustment to terms and conditions of the Standard Bank Woolworths Limited Warrants The Standard Bank of South Africa Limited 2014/09/08 ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK WOOLWORTHS HOLDINGS LTD WARRANTS Following the Woolworths Holdings Ltd (“WHL”) announcement on the rights offer, WHL shareholders will receive rights to take up 22 WHL shares for every 100 WHL shares held at a price of R59.50 per share. Following this announcement, notice is hereby given that the terms of the WHL 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 5th September 2014. The following warrants will be affected by this corporate action: Existing Terms JSE Exercise Conversion ISIN Expiry Exercise Style Code Price Ratio ZAE000188512 WHLSBF R 83.00 20 03-Feb-14 American Call ZAE000191714 WHLSBP R 70.00 20 03-Feb-14 European Put New Terms JSE Exercise Conversion ISIN Expiry Exercise Style Code Price Ratio ZAE000188512 WHLSBF R 79.24 19.09 03-Feb-14 American Call ZAE000191714 WHLSBP R 66.83 19.09 03-Feb-14 European Put The Effective Date of the adjustment shall be 8th September 2014. 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: 08/09/2014 09:44:00 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.