SBK20-Redemption of the SBK20 The Standard Bank of South Africa Limited Issuer Code: BISTDB Stock Code: SBK20 ISIN Code: ZAG00121781 Redemption of ZAR 2,250,000,000 Subordinated Unsecured Tier 2 Notes due 2 December 2024 On 2 December 2014, The Standard Bank of South Africa Limited (“Standard Bank”) issued ZAR 2,250,000,000 Subordinated Unsecured Tier 2 Notes due 2 December 2024 (the “SBK20 Notes”). The SBK20 Notes are subject to the terms and conditions contained in the Programme Memorandum dated 25 November 2014 (the “Programme Memorandum”) as read together with the Applicable Pricing Supplement issued in respect of the SBK20 Notes dated 2 December 2014 (the “Applicable Pricing Supplement”). In terms of the Applicable Pricing Supplement, the maturity date of the SBK20 Notes is 2 December 2024, unless redeemed early at the option of Standard Bank on 2 December 2019, subject to the prior written approval of the Prudential Authority. Pursuant to Condition 50(a) of the Applicable Pricing Supplement and having obtained the requisite prior written approval from the Prudential Authority, Standard Bank hereby gives notice that it shall redeem the SBK20 Notes on 2 December 2019 at 100% of the aggregate nominal amount thereof, together with any interest accrued thereon up until that date. Last Day to Register 17h00 on Friday, 22 November 2019 Books Closed Monday, 25 November 2019 Payment Day Monday, 2 December 2019 Dated 15 October 2019 For further information contact: Standard Bank Jan Brits Tel +27 11 415 4344 Email: jan.brits2@standardbank.co.za Debt Sponsor: Standard Bank Date: 15/10/2019 09:34:00 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.