THE STANDARD BANK OF SOUTH AFRICA LIMITED

   ISSUE OF STOCK WARRANTS

       Underlying Instrument        Issue size    Exercise Price   Ratio   Warrant Style   Exercise Date    ISIN Codes    JSE Codes
           Absa Group Ltd           100 MILLION      R185.00        80     American Call     07-Jun-23     ZAE000310793    ABGSBN
         Anglo American Plc         100 MILLION      R795.00       425     American Call     07-Jun-23     ZAE000310801    AGLSBJ
         Anglo American Plc         100 MILLION      R655.00       425     European Put      07-Jun-23     ZAE000310942   AGLSBW
    Anglo American Platinum Ltd     100 MILLION     R1,760.00      1000    American Call     07-Jun-23     ZAE000310819    AMSSBD
    Anglo American Platinum Ltd     100 MILLION     R1,440.00      1100    European Put      07-Jun-23     ZAE000310959   AMSSBQ
       Anglogold Ashanti Ltd        100 MILLION      R305.00       220     American Call     07-Jun-23     ZAE000310827    ANGSBL
       Anglogold Ashanti Ltd        100 MILLION      R255.00       170     European Put      07-Jun-23     ZAE000310967    ANGSBU
   Aspen Pharmacare Holdings Ltd    100 MILLION      R145.00        80     European Put      07-Jun-23     ZAE000310975    APNSBP
           Bhp Group Ltd            100 MILLION      R515.00       200     American Call     07-Jun-23     ZAE000310835    BHGSBD
           Bhp Group Ltd            100 MILLION      R480.00       350     European Put      07-Jun-23     ZAE000310983   BHGSBQ
    British American Tobacco Plc    100 MILLION      R750.00       230     American Call     07-Jun-23     ZAE000310843    BTISBG
     Growthpoint Properties Ltd     100 MILLION       R15.00        4      American Call     07-Jun-23     ZAE000310850    GRTSBE
  Harmony Gold Mining Company Ltd   100 MILLION       R62.00        50     American Call     07-Jun-23     ZAE000310868    HARSBJ
    Impala Platinum Holdings Ltd    100 MILLION      R225.00       150     American Call     07-Jun-23     ZAE000310876    IMPSBD
         Mr Price Group Ltd         100 MILLION      R220.00       110     American Call     07-Jun-23     ZAE000310884    MRPSBA
            Naspers Ltd             100 MILLION     R1,725.00      1000    American Call     07-Jun-23     ZAE000311080    NPNSBO
             Prosus N.v             100 MILLION      R815.00       500     American Call     07-Jun-23     ZAE000311072    PRXSBM
              Sappi Ltd             100 MILLION       R62.00        40     American Call     07-Jun-23     ZAE000310918    SAPSBH
        Sibanye Stillwater Ltd      100 MILLION       R53.00        35     American Call     07-Jun-23     ZAE000310926   SSWSBA
        Sibanye Stillwater Ltd      100 MILLION       R45.00        40     European Put      07-Jun-23     ZAE000310991   SSWSBQ
         JSE TOP40 INDEX            100 MILLION       65,000       6000    European Call     07-Jun-23     ZAE000310934    TOPSBA
              JSE TOP40 INDEX                    100 MILLION   58,000      6000    European Put      07-Jun-23     ZAE000311064          TOPSBP




The Listings Division of The JSE Securities Exchange South Africa ("JSE") has approved the listing of the abovementioned share instalments and trading will commence on 13 Jan
All members of the JSE may participate in trading which will occur according to normal JSE Rules. Settlement will be effected electronically through STRATE.
Copies of the warrant program and pricing supplement are available at the address stated below.

3 Simmonds Street
Johannesburg
2001

For further information contact :
Standard Bank Warrants
Tel 0800 111 780
Internet : www.warrants.co.za

Sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)

                                    25/05/2022