The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN938”

Stock Code: CLN938
ISIN Code: ZAG000195116

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN938 Senior Unsecured Mixed Rate Notes
due 20 June 2028 - 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)           ZAR75,636,743,589.61
Full Note details are as follows:
Issue Date:                         28 March 2023
Nominal Issued:                     ZAR 125,000,000
Coupon Rate:

                                    Floating Rate Notes – From,
                                    and including, the Issue
                                    Date until, but excluding,
                                    20 March 2027: three month
                                    ZAR-JIBAR-SAFEX plus 5.0%;
                                    and
                                    Fixed Rate Notes -     From,
                                    and including, 20 March 2027
                                    until, but excluding, the
                                    Maturity     Date:     9.25%
                                    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
                                    20   March,   20   June,   20
                                    September, and 20 December
                                    of each year until (but
                                    excluding) 20 March 2027 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:                   20 June 2028
Interest Commencement Date:      Issue Date
First Interest Payment Date:     20 June 2023

Interest Payment Dates:

                                 In respect of:

                                 Fixed Rate Notes –Each 20
                                 March,    20     June,   20
                                 September, and 20 December
                                 of each year until the
                                 Maturity   Date,   with the
                                 first Interest Payment Date
                                 being 20 June 2027

                                 Floating Rate Notes – each
                                 20   March,  20   June,   20
                                 September, and 20 December
                                 of each year until (and
                                 including) 20 March 2027
                                 with   the  first   Interest
                                 Payment Date being 20 June
                                 2023.


Business Day Count/Convention:   Actual/365(fixed)        and
                                 Following Business Day
Books Close:                     From each 15 March, 15 June,
                                 15    September,    and   15
                                 December      until      the
                                 applicable Interest Payment
                                 Date
Last day to register:            By 17h00 on 14 March, 14
                                 June, 14 September, and 14
                                 December 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 27 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