SBAEI Rebalance Notice THE STANDARD BANK OF SOUTH AFRICA LIMITED STANDARD BANK AFRICA TOTAL RETURN INDEX – SBAFRITR AND STANDARD BANK AFRICA INDEX ETN – STOCK CODE - SBAEI Notice is hereby given that on 17 April 2019 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 the Hedging Disruption event in terms of constitutes listed on the Zimbabwean Stock Exchange is continuing. The Index Sponsor has continued to exercise its rights as contained in the Index Rules by “determining the appropriate adjustment” to the Index by applying a divider to the said counters. This is determined 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 : http://corporateandinvestment.standardbank.co.za/CIB/Products/Global- Markets/Exchange-traded-products Dated 17 April 2019 Sponsor – The Standard Bank of South Africa Limited Further information on the Note issued please contact: Johann Erasmus SBSA (Sponsor) Email: johann.erasmus@standardbank.co.za Date: 17/04/2019 02:00:00 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.