The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN01”

Stock Code: SBRN01
ISIN Code: ZAE000282364

Final Redemption

Holders of the listed SBRN01 Equity Index Linked Notes (“the
Notes”) which are redeeming on 28 June 2023 are reminded that:

Last Date to Trade:                   Monday, 12 June 2023
Suspension Date:                      Tuesday, 13 June 2023
Record Date:                          Thursday, 15 June 2023
Closing date for elections:           Thursday, 15 June 2023
Valuation Date:                       Monday, 19 June 2023
Valuation Time:                       The time the Index Level
                                      is   published   on    the
                                      Valuation Date
Maturity Date (Delivery/Payment):     Wednesday, 28 June 2023
De-Listing Date:                      Thursday, 29 June 2023

Before or latest on 15 June 2023 (“the Closing Date for
Elections”), holders of the Notes must elect which one of the
options below they wish to follow. Holders of the Notes may
either contact their financial advisors and request their
financial advisors to inform Standard Bank through their
standing communication channels about their clients’ elections
or the holders may elect themselves digitally via their broker’s
CSDP which of the following options they wish to follow:

  1. Option 1: A holder of the Notes may elect not to follow
     Option 2 or Option 3 below, but rather to roll the
     investment into a new Market Multiplier Note (“SBRN42”).
     The index level of SBRN42 will be determined on the
     Valuation Date (19 June 2023) at the Valuation Time, which
     is the same date and time on which the final redemption
     value of SBRN01 will be determined. Due to the difference
     in time zones, holders of the Notes will be informed on
     Tuesday, 20 June 2023 what the final redemption value of
     SBRN01 is. SBRN42 will be issued on 28 June 2023 and will
     be delivered to the relevant holders which have elected
     Option 1 within one week after the issuing of SBRN42, that
     is, latest on 05 July 2023.

  2. Option 2: A holder of the Notes may elect to receive
     delivery of the ETFs which the relevant holder bought on
     the Trade Date of the Notes adjusted to be equal to the
     redemption value of the Notes. The ETFs will be delivered
     to such holder on 28 June 2023 (“the Maturity Date”).
  3. Option 3: A holder of the Notes may elect not to roll the
     investment into SBRN42 (that is, not to follow Option 1)
     or not to receive delivery of the ETFs on the Maturity Date
     (that is, not to follow Option 2), but may elect to rather
     instruct Standard Bank to sell the ETFs on behalf of the
     holder of the Notes and pay the redemption amount of such
     sale of the ETFs to the holder of the Notes on 28 June 2023
     (“the Maturity Date”) to the account of the holder. If
     Standard Bank receives no notice from either the holder’s
     Independent Financial Advisor or the holder does not
     digitally elect before or on 15 June 2023 Option 1 or
     Option 2 Standard Bank will assume that the holder had
     elected Option 3 (which is the default election) that is,
     that the holder had instructed Standard Bank to sell the
     ETFs on behalf of such holder and make payment of the
     proceeds of the sale of such ETFs to the account of such
     holder on 28 June 2023 (“the Maturity Date”).

    After the issue of SBRN42 (Option 1) or delivery of the
    ETFs (Option 2) or payment of the sale proceeds of the ETFs
    (Option 3) on 28 June 2023, the Notes (SBRN01) will be de-
    listed from the JSE.



Dated: 23 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