THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa- PRX Warrants terms amendment

SCIB: The Standard Bank Of South Africa- PRX Warrants terms amendment

The Standard Bank of South Africa Limited

2023/05/09

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK PROSUS NV WARRANTS

Following the Prosus NV (“PRX”) announcement on the Capitalisation Issue, PRX
shareholders will receive 1.17960 PRX shares for every 1 PRX share held.

Following this announcement, notice is hereby given that the terms of the PRX
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the rights offer ex-date. The terms of the warrants shall be
determined at the close of business on 12th September 2023.

The following warrants will be affected by this corporate action:

Existing Terms

     ISIN         JSE Code Exercise Price Conversion Ratio           Expiry     Exercise Style

 ZAE000319869     PRXSBA        R1,450.00           750             07-Dec-23    American Call

 ZAE000323234     PRXSBB        R1,450.00           800             14-Mar-24    American Call

 ZAE000325411     PRXSBC        R1,525.00           700             07-May-24    American Call

 ZAE000317921     PRXSBQ        R1,340.00           600             04-Oct-23    European Put

 ZAE000321626     PRXSBR        R1,180.00           450             12-Feb-24    European Put

 ZAE000325239     PRXSBS        R1,250.00           450             07-May-24    European Put


New Terms


     ISIN         JSE Code Exercise Price Conversion Ratio           Expiry     Exercise Style

 ZAE000319869     PRXSBA           TBA              TBA             07-Dec-23    American Call
 ZAE000323234     PRXSBB           TBA              TBA             14-Mar-24    American Call
 ZAE000325411     PRXSBC           TBA              TBA             07-May-24    American Call
 ZAE000317921     PRXSBQ           TBA              TBA             04-Oct-23    European Put
 ZAE000321626     PRXSBR           TBA              TBA             12-Feb-24    European Put
 ZAE000325239     PRXSBS           TBA              TBA             07-May-24    European Put



The Effective Date of the adjustment shall be 13th September 2023.
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 Share Instalments are subject to selling restrictions and prospective
purchases are referred to the relevant Conditions Annexure for details of such
restrictions.

For further information contact:
Standard Bank
Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

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Date: 05-09-2023 04:50:00
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