The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN928”

Stock Code: CLN928
ISIN Code: ZAG000194895

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN928 Senior Unsecured Mixed Rate Notes
due 31 January 2030 - sponsored by The Standard Bank of South
Africa Limited, under its Structured Note Programme.

Authorised Programme size           ZAR120,000,000,000
Total notes issued
(including current issue)           ZAR74,202,767,089.61
Full Note details are as follows:
Issue Date:                         22 March 2023
Nominal Issued:                     ZAR 37,000,000
Coupon Rate:

                                    Floating Rate Notes – From,
                                    and including, the Issue
                                    Date until, but excluding,
                                    31 January 2026: three month
                                    ZAR-JIBAR-SAFEX plus 3.0%;
                                    and
                                    Fixed Rate Notes -     From,
                                    and including, 31 January
                                    2026 until, but excluding,
                                    the Maturity Date: 8.75%
                                    quarterly.
Coupon Indicator:
                                    Fixed Rate Notes – Fixed
                                    Floating   Rate   Notes        -
                                    Floating


Interest Determination Dates:

                                    In respect of:

                                    Fixed Rate       Notes   –   Not
                                    Applicable

                                    Floating Rate Notes – each
                                    31 January, 30 April, 31
                                    July, and 31 October of each
                                    year until but excluding 31
                                    January 2026 or, if such day
                                    is not a Business Day, the
                                 Business Day on which the
                                 interest will be paid, as
                                 determined   in   accordance
                                 with the applicable Business
                                 Day Convention (as specified
                                 in the Applicable Pricing
                                 Supplement).
Trade Type:                      Price
Issue Price:                     100%
Maturity Date:                   31 January 2030
Interest Commencement Date:      Issue Date
First Interest Payment Date:     30 April 2023

Interest Payment Dates:

                                 In respect of:

                                 Fixed Rate Notes –Each 31
                                 January, 30 April, 31 July,
                                 and 31 October of each year
                                 until the Maturity Date,
                                 with   the  first  Interest
                                 Payment Date being 30 April
                                 2026

                                 Floating Rate Notes – each
                                 31 January, 30 April, 31
                                 July, and 31 October of each
                                 year until (and including)
                                 31 January 2026 with the
                                 first Interest Payment Date
                                 being 30 April 2023.


Business Day Count/Convention:   Actual/365(fixed)        and
                                 Following Business Day
Books Close:                     From each 26 January, 25
                                 April, 26 July, and 26
                                 October until the applicable
                                 Interest Payment Date
Last day to register:            By 17h00 on 25 January, 24
                                 April, 25 July, and 25
                                 October of each year until
                                 the Maturity Date. If such
                                 day is not a Business Day,
                                 the business Day before
                                 each Books Closed Period
                                 until    the Maturity Date
Placement Agent:                   The Standard Bank of South
                                   Africa Limited
Debt Security subject
to guarantee; security
or credit enhancement:             Not Applicable

Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific issuance.

Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.

Dated 20 March 2023
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za