The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN04”

Stock Code: SBRN04
ISIN Code: ZAE000290920

Announcement Correction – Holders of the listed SBRN04 Gold
Linked   Notes   (“the   Notes”)   which   are  redeeming on
05 September 2023 are advised that the SENS Announcement of
18 July 2023 at 13:00 (S471043) must be ignored and that the
announcement is hereby corrected with the following SENS
Announcement which has the correct information:

SBRN04

FINAL REDEMPTION SENS ANNOUNCEMENT

Holders of the listed SBRN04 Gold Linked Notes (“the Notes”)
which are redeeming on 05 September 2023 are reminded that:

Last Date to Trade:            Wednesday, 23 August 2023
Suspension Date:               Thursday, 24 August 2023
Record Date:                   Monday, 28 August 2023
Closing Date for Elections:    Monday, 28 August 2023
Closing Time for Elections:    Before 12:00 noon on the
                               Closing Date which is Monday
                               28 August 2023 a holder of a
                               Note must inform the Issuer of
                               the holder’s election of either
                               Option 1 or Option 2 below.
Valuation Date:                Tuesday, 29 August 2023
Valuation Time:                15:00 London British Summer Time
                               (BST)on the Valuation Date
Publication of Value of Notes
and the ratio of the Number of
ETFs to be sold or delivered to
Holders of the Notes based on
the value of the Notes and the
value of the ETFs:              On Wednesday 30 August 2023 the
                                Issuer   will    announce   the
                                redemption value of each Note,
                                the value of the ETFs, as well
                                as the ratio of the Number of
                                ETFs to be sold or delivered
                                depending on which option the
                                holder of the Notes elected
                                before the Closing Time for
                                Elections (12:00 noon) on the
                                Closing   Date   for  Elections
                                (28 August 2023)
Maturity Date (Delivery and
Payment Date):                   On Tuesday, 05 September 2023,
                                 the Issuer will pay the proceeds
                                 of the sale of the ETFs (if the
                                 holder of the Notes elected
                                 Option 1 below) or deliver the
                                 Number of ETFs (if the holder of
                                 the Notes elected Option 2
                                 below).
De-Listing Date:                 Wednesday, 06 September 2023

Before or latest at 12:00 noon (“the Closing Time for Elections”)
on Monday 28 August 2023 (“the Closing Date for Elections”),
holders of the SBRN04 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 SBRN04 Notes may elect 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 05 September 2023 (“the
     Maturity Date”) to the account of the holder of the Notes.
     If Standard Bank receives no notice from either the holder’s
     Independent Financial Advisor or the holder does not
     digitally elect before or at 12:00 noon on 28 August 2023
     Option 2, Standard Bank will assume that the holder had
     elected Option 1 (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 05 September 2023 (“the Maturity Date”).

2.   Option 2: A holder of the Notes may elect to receive delivery
     of 1nVest Gold ETFs (ETFGLD) with ISIN:ZAE000182523, 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
     05 September 2023 (“the Maturity Date”).

     After the payment of the sale proceeds of the ETFs (Option 1)
     on 05 September 2023 or delivery of the ETFs (Option 2) on
     05 September 2023, the Notes (SBRN04) will be de-listed from
     the JSE on 06 September 2023.

Dated: 19 July 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