THE STANDARD BANK OF SOUTH AFRICA LIMITED

   ISSUE OF STOCK WARRANTS

       Underlying Instrument        Issue size    Exercise Price   Ratio   Warrant Style   Exercise Date    ISIN Codes    JSE Codes
          Absa Group Ltd            100 MILLION        220          65     American Call     04-Oct-23     ZAE000317871    ABGSBA
          Absa Group Ltd            100 MILLION        190          80     European Put      04-Oct-23     ZAE000318184    ABGSBP
        Anglo American Plc          100 MILLION        840         400     American Call     04-Oct-23     ZAE000317889    AGLSBM
        Anglo American Plc          100 MILLION        725         380     European Put      04-Oct-23     ZAE000318085    AGLSBY
    Anglo American Platinum Ltd     100 MILLION        1450        750     American Call     04-Oct-23     ZAE000317897    AMSSBF
       Anglogold Ashanti Ltd        100 MILLION        420         250     American Call     04-Oct-23     ZAE000317905   ANGSBO
       Anglogold Ashanti Ltd        100 MILLION        365         200     European Put      04-Oct-23     ZAE000318077    ANGSBV
              Brait Se              100 MILLION         4           3      American Call     04-Oct-23     ZAE000317939    BATSBJ
           Bhp Group Ltd            100 MILLION        650         250     American Call     04-Oct-23     ZAE000317954    BHGSBF
           Bhp Group Ltd            100 MILLION        565         260     European Put      04-Oct-23     ZAE000318069    BHGSBR
    British American Tobacco Plc    100 MILLION        720         200     American Call     04-Oct-23     ZAE000317970    BTISBJ
          Clicks Group Ltd          100 MILLION        300         100     American Call     04-Oct-23     ZAE000317996    CLSSBG
          Clicks Group Ltd          100 MILLION        265         100     European Put      04-Oct-23     ZAE000318051    CLSSBP
       Discovery Holdings Ltd       100 MILLION        150          50     American Call     04-Oct-23     ZAE000318002    DSYSBK
          Gold Fields Ltd           100 MILLION        225         140     American Call     04-Oct-23     ZAE000318044    GFISBB
          Gold Fields Ltd           100 MILLION        195         110     European Put      04-Oct-23     ZAE000318036    GFISBQ
  Harmony Gold Mining Company Ltd   100 MILLION         62          30     European Put      04-Oct-23     ZAE000318028    HARSBU
    Impala Platinum Holdings Ltd    100 MILLION        240         120     American Call     04-Oct-23     ZAE000318093    IMPSBF
    Impala Platinum Holdings Ltd    100 MILLION        205         130     European Put      04-Oct-23     ZAE000318010    IMPSBU
         Mr Price Group Ltd         100 MILLION        180          60     American Call     04-Oct-23     ZAE000318119    MRPSBC
         Mr Price Group Ltd         100 MILLION        155          55     European Put      04-Oct-23     ZAE000317988    MRPSBT
                Mtn Group Ltd                    100 MILLION       150         65    American Call     04-Oct-23     ZAE000318127          MTNSBO
                Mtn Group Ltd                    100 MILLION       130         60    European Put      04-Oct-23     ZAE000317962          MTNSBP
                  Naspers Ltd                    100 MILLION      3740        1950   American Call     04-Oct-23     ZAE000318143          NPNSBC
                Naspers Ltd                      100 MILLION       3235       1500   European Put      04-Oct-23     ZAE000317947          NPNSBX
                 Prosus N.v                      100 MILLION       1340        600   European Put      04-Oct-23     ZAE000317921          PRXSBQ
            Shoprite Holdings Ltd                100 MILLION        270        100   American Call     04-Oct-23     ZAE000318150          SHPSBA
                  Sasol Ltd                      100 MILLION        330        160   American Call     04-Oct-23     ZAE000318168          SOLSBC
            Sibanye Stillwater Ltd               100 MILLION         46         30   European Put      04-Oct-23     ZAE000317913          SSWSBS
           The Foschini Group Ltd                100 MILLION        125         50   American Call     04-Oct-23     ZAE000318176          TFGSBH
              JSE TOP40 INDEX                    100 MILLION      77000       6000   European Call     04-Oct-23     ZAE000318192          TOPSBD
              JSE TOP40 INDEX                    100 MILLION      70000       6000   European Put      04-Oct-23     ZAE000318200          TOPSBR


The Issuer Regulation Division of the JSE Limited ("JSE") has approved the listing of the abovementioned warrants and trading will commence on 25 January 2023.
All members of the JSE may participate in trading which will occur according to normal JSE Rules. Settlement will be effected electronically through Strate.
Copies of the warrant issue documentation are available at the address stated below.


30 Baker Street
Rosebank
2196


For further information contact :
Standard Bank Warrants
Tel 0800 111 780
Internet : www.warrants.co.za

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)

                                    25/01/2023