The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC197”

Stock Code: SBC197
ISIN Code:   ZAG000218454

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC197 Senior Unsecured Floating Rate
Notes due 31 January 2037 - sponsored by The Standard Bank of
South Africa Limited, under its Structured Note Programme.

Authorised Programme size           ZAR150,000,000,000

Total notes issued                  ZAR118,476,347,461.59
(including current issue)

Full Note      details   are   as
follows:

Issue Date:                         21 August 2025

Nominal Issued:                     ZAR200,000,000

Coupon Rate:                        (i) Where the Issuer has
                                    exercised    its     option    to
                                    convert   the    Floating    Rate
                                    Notes to Fixed Rate Notes in
                                    terms   of     the    Applicable
                                    Pricing     Supplement,       the
                                    floating rate will be from, and
                                    including,      the      Interest
                                    Commencement    Date    to,   but
                                    excluding,    31    July    2030;
                                    three-month     ZAR-JIBAR-SAFEX
                                    plus 2.03% quarterly; and the
                                    fixed rate will be, from, and
                                    including, 31 July 2030 until,
                                    but excluding, the Maturity
                                    Date: Fixed 11.03% per annum
                                    payable quarterly in arrears

                                    (ii) Where the Issuer has not
                                    exercised    its   option    to
                                    convert   the   Floating   Rate
                                    Notes to Fixed Rate Notes in
                                    terms   of    the    Applicable
                                    Pricing Supplement, from, and
                                    including,     the     Interest
                                    Commencement   Date   to,   but
                                    excluding, the Maturity Date:
                                three-month    ZAR-JIBAR-SAFEX
                                plus 2.03% 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 - Where the
                                Issuer   has    exercised   its
                                option to convert the Floating
                                Rate Notes to Fixed Rate Notes
                                in terms of the Applicable
                                Pricing     Supplement,     the
                                floating rate will be, each 31
                                January, 30 April, 31 July, 31
                                October    of     each    year,
                                commencing on Issue Date until
                                (but excluding) 31 July 2030
                                and where the Issuer has not
                                exercised its option in terms
                                of the above, the last Interest
                                determination Date will be
                                Scheduled     Maturity    Date,
                                rather than 31 July 2030.



Trade Type:                     Price

Issue Price:                    100%

Maturity Date:                  31 January 2037

Interest Commencement Date:     Issue Date

First Interest Payment Date:    31 October 2025

Interest Payment Dates:         In respect of:

                                Fixed Rate Notes - Applicable,
                                subject to the election of the
                                Issuer as set Each 31 January,
                                30 April, 31 July, 31 October
                                of each year until the Maturity
                                Date, with the first Interest
                               Payment Date being 31 October
                               2030 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 this Applicable
                               Pricing Supplement)


                               Floating Rate Notes – (i) Where
                               the Issuer has exercised its
                               option in terms of paragraph
                               34(h) above, each 31 January,
                               30 April, 31 July, 31 October
                               of   each   year   until   (and
                               including) 31 July 2030 with
                               the first Interest Payment
                               Date being 31 October 2025, 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

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

Books Close:                   The   Books    Closed   Period
                               (during which the Register
                               will be closed) will be from
                               each 26 January, 25 April, 26
                               July and 26 October, until the
                               applicable Interest Payment
                               Date.

Last day to register:          17h00 on 25 January, 24 April,
                               25 July and 25 October of each
                               year, or if such day is not a
                               Business Day, the Business Day
                               before   each   Books   Closed
                               Period.

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 20 August 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