The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN03”

Stock Code: SBRN03
ISIN Code: ZAE000290599

SBRN03

FINAL REDEMPTION SENS ANNOUNCEMENT

Holders of the listed SBRN03 Equity Share Basket Linked Notes
(“the Notes”) which are redeeming on Friday 25 August 2023 are
reminded that:

Last Date to Trade:            Tuesday, 15 August 2023
Suspension Date:               Wednesday, 16 August 2023
Record Date:                   Friday, 18 August 2023
Closing Date for Elections:    Monday, 21 August 2023
Closing Time for Elections:    Before 12:00 noon on the
                               Closing Date which is
                               Monday, 21 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:                Monday, 21 August 2023
Valuation Time:                Close of the regular trading
                               session of the Exchange on the
                               Valuation   Date,    which   is
                               Monday, 21 August 2023.
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 Tuesday 22 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
                                (Monday 21 August 2023).

Maturity Date (Delivery and
Payment Date):                 On Friday, 25 August 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:                 Monday, 28 August 2023

Before or latest at 12:00 noon (“the Closing Time for Elections”)
on Monday 21 August 2023 (“the Closing Date for Elections”), a
holder of a SBRN03 Note must elect which one of the options
below the holder wishes to follow. The Holder of the Note may
either contact its financial advisor and request the financial
advisor   to  inform   Standard   Bank   through   its   standing
communication channels about its clients’ elections or the
holder 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 SBRN03 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 Friday, 25 August 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 Option 2 before or at 12:00 noon on
     Monday 21 August 2023, 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 Friday 25 August 2023 (“the Maturity Date”).

2.   Option 2: A holder of the Notes may elect to receive delivery
     of 1nVest Property ETFs (ETFSAP) with ISIN:ZAE000279238,
     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 Friday
     25 August 2023 (“the Maturity Date”).

     After the payment of the sale proceeds of the ETFs (Option 1)
     on Friday 25 August 2023 to holders who elected Option 1,
     (which is the default election), or delivery of the ETFs on
     Friday 25 August 2023 to holders who elected Option 2, the
     Notes (SBRN03) will be de-listed from the JSE on
     Monday 28 August 2023.

Dated: 07 August 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