The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN959”

Stock Code: CLN959
ISIN Code: ZAG000196718

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN959 Senior Unsecured Credit Linked
Mixed Rate Notes due 28 February 2031 - 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)           ZAR80,652,553,081.61
Full Note details are as follows:
Issue Date:                         02 June 2023
Nominal Issued:                     ZAR 50,000,000
Coupon Rate:

                                    Floating Rate Notes – From,
                                    and including, the Issue
                                    Date until, but excluding,
                                    31 August 2028: three month
                                    ZAR-JIBAR-SAFEX plus 2.00%;
                                    and
                                    Fixed Rate Notes -    From,
                                    and including, 31 August
                                    2028 until, but excluding,
                                    the Maturity Date: Fixed
                                    10.20% 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
                                    28 February (and during a
                                    leap year, the Interest Rate
                                    Determination Date will be
                                    29 February    rather   than
                                    28 February) , 31 May, 31
                               August, and 30 November of
                               each    year     until    but
                               excluding 31 August 2028 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:                 28 February 2031
Interest Commencement Date:    Issue Date
First Interest Payment Date:   31 August 2023

Interest Payment Dates:

                               In respect of:

                               Fixed Rate Notes –Each 28
                               February (and during a leap
                               year, the Interest Payment
                               Date will be 29 February
                               rather than 28 February) ,
                               and 31 August of each year
                               until the Maturity Date,
                               with   the   first   Interest
                               Payment    Date    being   28
                               February 2029

                               Floating Rate Notes – each
                               28 February and during a
                               leap   year,   the  Interest
                               Payment Date will be 29
                               February   rather  than   28
                               February, 31 May, 31 August,
                               and 30 November of each year
                               until (and including) 31
                               August 2028 with the first
                               Interest Payment Date being
                               31 August 2023.
Business Day Count/Convention:     Actual/365(Fixed)        and
                                   Following Business Day
Books Close:                       From each 23 February , 26
                                   May, 26 August, and 25
                                   November      until      the
                                   applicable Interest Payment
                                   Date
Last day to register:              By 17h00 on 22 February ,
                                   25 May, 25 August, and 24
                                   November 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 01 June 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