The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC206”

Stock Code: SBC206
ISIN Code:   ZAG000219825

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC206 Senior Unsecured Mixed Rate Notes
due 31 January 2044 - sponsored by The Standard Bank of South
Africa Limited, under its Structured Note Programme.

Authorised Programme size           ZAR150,000,000,000

Total notes issued                  ZAR118,277,754,902,60.
(including current issue)

Full Note      details   are   as
follows:

Issue Date:                         06 October 2025

Nominal Issued:                     ZAR30,000,000

Coupon Rate:                        In respect of each Interest
                                    Period from, and including:
                                    (i) the Interest Commencement
                                    Date to, but excluding, 31
                                    January 2030: three-month
                                    ZAR-JIBAR-SAFEX plus 3.00%
                                    quarterly; and

                                    (ii) 31 January 2030 until,
                                    but excluding, the Maturity
                                    Date: Fixed 10.00% per annum
                                    payable semi-annually in
                                    arrears

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

Interest Determination Dates:       In respect of:

                                    Fixed   Rate     Notes   –   Not
                                    Applicable

                                    Floating Rate Notes - Each 31
                                    January, 30 April, 31 July and
                                    31 October of each year,
                                    commencing on Issue Date until
                               (but    excluding)   31   January
                               2030

Trade Type:                    Price

Issue Price:                   100%

Maturity Date:                 31 January 2044

Interest Commencement Date:    Issue Date

First Interest Payment Date:   31 October 2025

Interest Payment Dates:        In respect of:

                               Fixed Rate Notes - Each 31
                               January and 31 July of each
                               year until the Maturity Date,
                               with   the    first    Interest
                               Payment Date being 31 July 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 – Each 31
                               January, 30 April, 31 July and
                               31 October of each year until
                               (and including) 31 January
                               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 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
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 03 October 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