BNP PARIBAS ARBITRAGE ISSUANCE B.V. - Redemption on Certificates

Redemption on Certificates

BNP Paribas Arbitrage Issuance B.V.
(Incorporated in the Netherlands)
JSE Stock Code: ZA036
ISIN: ZAE000167003

Series: CE0668SAD
("BNP")

REDEMPTION ON CERTIFICATES RELATING TO CADIZ SA TRACKER RISK
CONTROLLED 15% ER INDEX FUND DUE 25 APRIL 2017

Holders of the BNP Certificates relating to the Cadiz SA Tracker Risk
Controlled 15% ER Index Fund due 25 April 2017 (the Certificates) are
hereby advised that the final redemption amount to be paid on Tuesday, 25
April 2017 (the Redemption Date), will be determined on 18 April 2017 (the
Redemption Valuation Date) for each ZAR1 of nominal amount.

The salient dates relating to this redemption are as follows:

Last date to trade                                Tuesday, 18 April
Suspension date                                   Wednesday, 19 April
Record Date                                       Friday, 21 April
Payment/Redemption Date                           Tuesday, 25 April
Termination date                                  Wednesday, 26 April


Johannesburg
17 March 2017
Debt Sponsor
The Standard Bank of South Africa Limited

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