Enhanced Investments - Financial Portal

New Financial Instrument Listing Announcement - “ELN038”

Published: 2026-01-22 12:24:19 ET

The Standard Bank of South Africa Limited
Debt Board: New Financial Instrument Listing Announcement -
“ELN038”


Stock Code: ELN038
ISIN Code: ZAG000222233

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – ELN038 Equity Index Linked Notes due 23
January 2029 - sponsored by The Standard Bank of South Africa
Limited under its Structured Note Programme.


Authorised Programme size           ZAR150,000,000,000

Total notes issued
(including current issue)           ZAR177,226,447,532.


Full Note details are as follows:

Issue Date:                         23 January 2026

Nominal Issued:                     ZAR50,000,000

Final Redemption Amount:            Per the Applicable Pricing
                                    Supplement (Formula Driven)

Trade Type:                         Equity Index-Linked Note

Issue Price:                        100%

Maturity Date:                      23 January 2029

Interest Commencement Date:         Not applicable

Redemption Basis:                   Equity Index-Linked

Business Day Count/Convention:      Following Business Day
                                    Convention

Books Close:                        18 January 2029 to 23
                                    January 2029

Last day to register:               By 17:00 on 17 January 2029.

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 Securities Depository
(“CSD”) and settlement will take place electronically in terms
of the 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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.