Amendment Announcement - “CLN549” The Standard Bank of South Africa Limited Amendment Announcement - “CLN549” Stock Code: CLN549 ISIN Code: ZAG000155920 CLN549 Senior Unsecured Mixed Rate Credit Linked Note due 07 December 2025 - sponsored by The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking Division), issued under its Structured Note Programme, has been amended as follows: Paragraph 43(d) of the Applicable Pricing Supplement: By the deletion of the symbol “x” in the sixth line of paragraph 43(d) and the replacement thereof with the symbol “/”. Paragraph 79.1.1 of the Applicable Pricing Supplement: By the insertion of the relevant brackets (i) before the word “I2025”, (ii) after the words “Aggregate Nominal Amount”, (iii) before the words “Specified Denomination” and (iv) after the words “Calculation Amount”. This amendment is effective 12 June 2019 and has been made in accordance with Condition 18.1 of The Standard Bank of South Africa Limited’s Structured Note Programme dated 1 January 2017 to correct a manifest error. Save for the rectification of the manifest error(s), the remainder of the terms of the Applicable Pricing Supplement remain unchanged. The amended Applicable Pricing Supplement is available for inspection via the Issuer’s website: https://reporting.standardbank.com/debt-investors/debt- securities/debt-securities/ Dated 12 June 2019 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: 12/06/2019 03:47:00 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.