THE STANDARD BANK OF SOUTH AFRICA LIMITED - Terms announcement NPNSBM, NPNSBN, NPNSBX, NPNSBY

Terms announcement NPNSBM, NPNSBN, NPNSBX, NPNSBY

The Standard Bank of South Africa Limited

2019/08/30

SCIB: We refer to the announcement published via SENS on 29 August
regarding the adjustment of Standard Banks Naspers warrants terms and
conditions, the contents of the below announcement replace those previously
issued.

Following the Naspers Limited (“NPN”) announcement relating to the intention to
Form global consumer internet group through the listing of its global consumer
internet assets that are held by Myriad International Holdings N.V. (to be renamed
Prosus N.V). Each Shareholder will receive one Prosus N Ordinary shares Limited
share for each Naspers N Limited share held on the 10th September 2019.

Following this announcement, notice is hereby given that the terms of the NPN
warrants will remain unchanged, and the warrants will trade as a basket warrant where
the underlying price of the warrant will be based on the basket price of one Naspers and
one Prosus shares effective 11th September 2019.

The following warrants will be affected by this corporate action:
NPNSBM
NPNSBN
NPNSBX
NPNSBY

The Effective Date of the adjustment shall be 11th September 2019.


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 Warrants are subject to selling restrictions and prospective purchases
are referred to the relevant Conditions Annexure for details of such restrictions.

Date: 30/08/2019 01:34:00
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