The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN951”

Stock Code: CLN951
ISIN Code: ZAG000196122

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN951 Senior Unsecured Mixed Rate Notes
due 31 March 2032 - 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)           ZAR80,183,681,081.61
Full Note details are as follows:
Issue Date:                         19 May 2023
Nominal Issued:                     ZAR50,000,000.00
Coupon Rate:                        Floating Rate Notes – From,
                                    and including, the Issue
                                    Date until, but excluding,
                                    31 March 2026: three month
                                    ZAR-JIBAR-SAFEX plus 3.00%;
                                    and
                                    Fixed Rate Notes -     From,
                                    and including, 31 March 2026
                                    until, but excluding, the
                                    Maturity     Date:    11.00%
                                    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   March,  30   June,   30
                                    September and 31 December of
                                    each year, with the first
                                    Interest Rate Determination
                                    Date being the Issue Date,
                                    until (but excluding) 31
                                    March 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 March 2032
Interest Commencement Date:      Issue Date
First Interest Payment Date:     30 June 2023

Interest Payment Dates:          In respect of:

                                 Fixed Rate Notes – Each 31
                                 March and 30 September of
                                 each year until the Maturity
                                 Date,    with   the    first
                                 Interest Payment Date being
                                 30 September 2026

                                 Floating Rate Notes – Each
                                 31   March,  30   June,   30
                                 September, and 31 December
                                 of each year until (and
                                 including) 31 March 2026,
                                 with   the  first   Interest
                                 Payment Date being 30 June
                                 2023.


Business Day Count/Convention:   Actual/365(fixed)        and
                                 Following Business Day
Books Close:                     From each 26 March, 25 June,
                                 25 September and 26 December
                                 until     the     applicable
                                 Interest Payment Date
Last day to register:            17h00 on 25 March, 24 June,
                                 24 September and 25
                                 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 18 May 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