Standard Bank Africa Total Return Index – SBAFRITR and Standard Bank Africa Index ETN THE STANDARD BANK OF SOUTH AFRICA LIMITED STOCK CODE - SBAEI STANDARD BANK AFRICA TOTAL RETURN INDEX – SBAFRITR AND STANDARD BANK AFRICA INDEX ETN Notice is hereby given that on 18 October 2017 the SBAFRITR has rebalanced as prescribed in the Index Description by the Index Calculation Agent and approved at a duly constituted meeting. The SBAFRITR new constitutes and weightings are available on the Bloomberg ticker SBAFRITR Index <GO> or on http://corporateandinvestment.standardbank.co.za/CIB/Products/Global- Markets/Exchange-traded-products Further notice is given that in terms of the Index Rules a Hedging Disruption event has occurred in relation to the constitutes listed on the Zimbabwean Stock Exchange in that the Hedging Party is unable to “unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the equity price risk” as well its unable to “ freely realise, recover, remit, receive, repatriate or transfer the proceeds of any such transaction(s) or asset(s)”. The relevant counters that are affected are DLTA ZH, ECO ZH and INN ZH. The Index Sponsor has exercised its rights as contained in the Index Rules by “determining the appropriate adjustment” to the Index by applying a divider to the said counters. The divider is determined daily by using OML SH, being a dual listed counter on both the Zimbabwean Stock Exchange and the JSE Limited as a proxy. For further information contact: Standard Bank ETN desk Tel 0800 111 780 Email: AfricaETF@standardbank.co.za Internet : www.standardbank.co.za/etns or http://corporateandinvestment.standardbank.co.za/CIB/Products/Global- Markets/Exchange-traded-products Dated 18 October 2017 Sponsor – The Standard Bank of South Africa Limited Further information on the Note issued please contact: Johann Erasmus SBSA (Sponsor) / +27 11 721 8412 Email: johann.erasmus@standardbank.co.za Date: 18/10/2017 05:37:00 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.