The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC028”

Stock Code: SBC028
ISIN Code: ZAG000204694
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC028 Senior Unsecured Floating Rate
Notes 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)           ZAR88,201,109,702.37
Full Note details are as follows:
Issue Date:                         23 April 2024
Nominal Issued:                     ZAR500,000,000

Coupon Rate:                        In respect of each Interest
                                    Period from, and including:

                                    (i) the Issue Date until,
                                    but excluding, 28 February
                                    2027: three month ZAR-JIBAR-
                                    SAFEX plus 3.05% ; and

                                    ii) 28 February 2027 until,
                                    but excluding, the Maturity
                                    Date: Fixed 10.75% semi-
                                    annually.


Coupon Indicator:                   Fixed Rate Notes – Fixed
                                    Floating   Rate   Notes      -
                                    Floating



Interest Determination Dates:       In respect of:

                                    Fixed Rate   Notes     –   Not
                                    Applicable

                                    Each 28 February, 31 May, 31
                                    August and 30 November of
                                    each year (and during a leap
                                    year,   the  Interest   Rate
                                    Determination Date will be
                                    29 February rather than 28
                                    February), with the first
                                 Interest Rate Determination
                                 Date being the Issue Date,
                                 until (but excluding) 28
                                 February 2027

Trade Type:                      Price
Issue Price:                     100%
Maturity Date:                   28 February 2031
Interest Commencement Date:      Issue Date
First Interest Payment Date:     31 May 2024

Interest Payment Dates:          In respect of:

                                 Fixed Rate Notes – Each 28
                                 February and 31 August of
                                 each year until the Maturity
                                 Date,    with   the    first
                                 Interest Payment Date being
                                 31 August 2027 and during a
                                 leap   year,  the   Interest
                                 Payment Date will be 29
                                 February

                                 Floating Rate Notes – Each
                                 28 February, 31 May, 31
                                 August, and 30 November of
                                 each    year    until    (and
                                 including) 28 February 2027
                                 with   the   first   Interest
                                 Payment Date being 31 May
                                 2024 and during a leap year,
                                 the Interest Payment Date
                                 will be 29 February rather
                                 than 28 February.


Business Day Count/Convention:   Actual/365(Fixed)and
                                 Following Business Day.

Books Close:                     From each 23 February, 26
                                 May,   26   August   and   25
                                 November (and during a leap
                                 year,   the   Books    Closed
                                 period will be 24 February
                                 rather than 23 February),
                                 until     the      applicable
                                 Interest Payment Date
Last day to register:              17h00 on 22 February, 25
                                   May, 25 August, and 24
                                   November of each year (and
                                   during a leap year, the
                                   Last Day to Register will
                                   be 23 February rather than
                                   22 February), 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 22 April 2024
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