The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC198”

Stock Code: SBC198
ISIN Code: ZAG000218538

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC198 Senior Unsecured Floating Rate
Credit Linked 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                  ZAR120,182,978,370.60.
(including current issue)

Full Note      details   are   as
follows:

Issue Date:                         25 August 2025

Nominal Issued:                     ZAR1,000,000,000

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

                                     (i)     the Issue Date up to,
                                             but   excluding,   31
                                             January 2028: three-
                                             month ZAR-JIBAR-SAFEX
                                             plus 1.68%;

                                     (ii)    31 January 2028 up to,
                                             but    excluding    31
                                             January 2031: three-
                                             month ZAR-JIBAR-SAFEX
                                             plus 1.69%

                                     (iii)   31 January 2031 up to,
                                             but   excluding,    31
                                             January 2034: three-
                                             month ZAR-JIBAR-SAFEX
                                             plus 1.71%;

                                     (iv)    31 January 2034 up to,
                                             but   excluding    the
                                             Maturity Date: three-
                                             month ZAR-JIBAR-SAFEX
                                             plus 1.72%
Coupon Indicator:               Floating Rate

Interest Determination Dates:   Each 31 January, 30 April, 31
                                July, and 31 October of each
                                year, commencing on Issue Date
                                until the Maturity

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:         Each 31 January, 30 April, 31
                                July, and 31 October of each
                                year until the Maturity Date
                                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 Day Convention (as
                                specified in this Applicable
                                Pricing Supplement)

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 Not Applicable
guarantee; security or credit
enhancement:


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 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