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Release Date: 25/03/2020 16:40
Code(s): SBACI SBAEI     PDF:  
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Redemption Notice - SBAEI and SBACI

The Standard Bank of South Africa Limited
Redemption Notice - SBAEI and SBACI

Stock Code:     SBAEI and SBACI
ISIN:           ZAE000156568 (SBAEI) and ZAE000159398 (SBACI)

This is a notice to Noteholders by The Standard Bank of South Africa Limited (the “Issuer”) under the
Issuer’s ZAR60,000,000,000 Domestic Medium Term Note Programme dated 01 December 2010 (the
“Programme Memorandum”) (as supplemented by the relevant Applicable Pricing Supplement) in
relation to the following Note issuances:
A.    ZAR200,000,000 Senior Unsecured African Equity Index Linked Notes due 17 May 2021 (Stock
      Code: SBAEI) (ISIN: ZAE000156568); and
B.    ZAR100,000,000 Senior Unsecured Commodity Index Linked Notes due 18 August 2021 (Stock
      Code: SBACI) (ISIN: ZAE000159398).

The aforementioned Note issuances are hereinafter referred to individually as a “Security” and
collectively as the “Securities”.

Subsequent to the SENS announcement given on 02 March 2020, notice is hereby given to Noteholders of
the respective Securities that:

1.    the Issuer has exercised its option to redeem the Securities in whole in accordance with Condition
      9.3 of the Programme Memorandum as well as paragraph 35 of the Applicable Pricing Supplement
      relating to each Security;

2.    the last day to trade in the Securities was Tuesday, 24 March 2020, and the Securities are
      suspended on Wednesday, 25 March 2020;

3.    the aggregate Optional Redemption Amount (Call) to be paid by the Issuer to Noteholders of the
      respective Securities in terms of the redemption of the Securities is as determined at the close on 24
      March 2020 and is, expressed as an amount of South African Rand (“ZAR”) per Note, as follows:

      SBAEI: ZAR9,894,830; and

      SBACI: ZAR727,110.23;

4.    the Issuer will pay the Optional Redemption Amount (Call) to Strate Proprietary Limited (“Strate”)
      on the Optional Redemption Date (Call), being Monday, 30 March 2020, following which the
      Issuer will be discharged of its payment obligations; and

5.    the date on which the Securities will be redeemed (the Optional Redemption Date (Call) in terms of
      the respective Applicable Pricing Supplements) is Monday, 30 March 2020;

6.    each of the persons shown in the records of Strate and/or the Participants as the holder of a
      particular number of Notes in respect of the Securities must look solely to Strate and/or the relevant
      Participant for his/her/its share of each such payment so made by the Issuer to, or to the order of,

Capitalised terms which are used but not defined in this notice shall have the meaning assigned to them in
the respective Applicable Pricing Supplements or the Programme Memorandum, as the case may be.
Dated 25 March 2020
Sponsor – The Standard Bank of South Africa Limited

For further information on the redemption of Securities contemplated in this notice, please contact:

Johann ErasmusSBSA (Sponsor)

Date: 25-03-2020 04:40:00
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