The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN17”

Stock Code: SBRN17
ISIN Code: ZAE000305900

Final Redemption

Holders of the listed SBRN17 Equity Index Linked Notes (“the
Notes”) which are redeeming on 17 June 2025 are reminded that:

Last Date to Trade:                   Tuesday,03 June 2025
Suspension Date:                      Wednesday, 04 June 2025
Record Date:                          Friday, 06 June 2025
Closing date for elections:           Friday, 06 June 2025
Valuation Date:                       Monday, 09 June 2025
Valuation Time:                       The time the Index Level
                                      is   published   on   the
                                      Valuation Date
Maturity Date (Delivery/Payment):     Tuesday, 17 June 2025
De-Listing Date:                      Wednesday, 18 June 2025

Before or latest on 06 June 2025 (“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 (“SBRN71”).
     The index level of SBRN71 will be determined the Valuation
     Date (09 June 2025) at the Valuation Time, which is the
     same date and time on which the final redemption value of
     SBRN17 will be determined. Due to the difference in time
     zones, holders of the Notes will be informed on Tuesday,
     10 June 2025 what the final redemption value of SBRN17 is.
     SBRN71 will be issued on 17 June 2025 and will be delivered
     to the relevant holders which have elected Option 1 within
     one week after the issuing of SBRN71.

  2. Option 2: A holder of the Notes may elect to receive
     delivery of the 1nvest MSCI World Index Feeder ETF (ISIN:
     ZAE000255170(ETFWLD))(such participatory interests herein
     referred to as “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 17 June 2025 (“the Maturity Date”).
  3. Option 3: A holder of the Notes may elect not to roll the
     investment into SBRN71 (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 17 June 2025
     (“the Maturity Date”) to the account of the holder.

  4. If Standard Bank receives no notice from either the
     holder’s Independent Financial Advisor or the holder does
     not digitally elect before or on 06 June 2025 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 17 June 2025 (“the Maturity Date”).

    After the issue of SBRN71 (Option 1) or delivery of the
    ETFs (Option 2) or payment of the sale proceeds of the ETFs
    (Option 3) 17 June 2025, the Notes (SBRN17) will be de-
    listed from the JSE.



Dated: Tuesday, 20 May 2025
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