The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC233”

Stock Code: SBC233
ISIN Code: ZAG000222282

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC233 Senior Unsecured Mixed Rate Credit
Linked Notes due 31 March 2039 - sponsored by The Standard Bank
of South Africa Limited, under its Structured Note Programme.

Authorised Programme size           ZAR150,000,000,000

Total notes issued                  ZAR118,514,582,532.31.
(including current issue)

Full Note      details   are   as
follows:

Issue Date:                         23 January 2026

Nominal Issued:                     ZAR170,000,000

Coupon Rate:                        From,   and   including,   the
                                    Interest Commencement Date to,
                                    but excluding, 31 March 2030:
                                    three-month    ZAR-JIBAR-SAFEX
                                    plus 2.50% and From, and
                                    including,   31   March   2030
                                    until,   but  excluding,   the
                                    Maturity Date: 8.65% per annum
                                    payable    semi-annually    in
                                    arrears.

Coupon Indicator:                   Mixed Rate

Interest Determination Dates:       Each 31 March, 30 June, 30
                                    September and 31 December of
                                    each year, commencing on Issue
                                    Date until (but excluding) 31
                                    March 2030

Trade Type:                         Price

Issue Price:                        100%

Maturity Date:                      31 March 2039

Interest Commencement Date:         Issue Date


First Interest Payment Date:        31 March 2026
Interest Payment Dates:         For Floating Rate: each 31
                                March, 30 June, 30 September
                                and 31 December of each year
                                until (and including) 31 March
                                2030; and Fixed Rate: Each 31
                                March and 30 September of each
                                year until the Maturity Date,
                                with    the   first   Interest
                                Payment     Date3being      30
                                September 2030

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 March, 25 June, 25
                                September and 26 December,
                                until the applicable Interest
                                Payment Date.

Last day to register:           17h00 on 25 March, 24 June, 24
                                September and 25 December 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 January 2026
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