The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC231”

Stock Code: SBC231
ISIN Code: ZAG000222266

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC231 Senior Unsecured Floating Rate
Credit Linked Notes due 20 December 2030 - sponsored by The
Standard Bank of South Africa Limited, under its Structured Note
Programme.

Authorised Programme size           ZAR150,000,000,000

Total notes issued                  ZAR117,801,762,532.31.
(including current issue)

Full Note      details   are   as
follows:

Issue Date:                         23 January 2026

Nominal Issued:                     ZAR150,000,000

Coupon Rate:                        three month      ZAR-JIBAR-SAFEX
                                    plus 3.00%

Coupon Indicator:                   Floating Rate

Interest Determination Dates:       Each 20 March, 20 June, 20
                                    September and 20 December of
                                    each year, commencing on Issue
                                    Date until the Maturity Date

Trade Type:                         Price

Issue Price:                        100%

Maturity Date:                      20 December 2030


Interest Commencement Date:         Issue Date


First Interest Payment Date:        20 March 2026

Interest Payment Dates:             Each 20 March, 20 June, 20
                                    September and 20 December of
                                    each year until the Maturity
                                    Date, with the first Interest
                                    Payment Date being 20 March
                                2026 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)

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 15 March, 15 June, 15
                                September   and   15  December
                                until the applicable Interest
                                Payment Date

Last day to register:           17h00 on 14 March, 14 June, 14
                                September and 14 December, 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