STANDARD BANK GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1969/017128/06) Issuer Code: SBKI (“SBG” or “the Issuer”) NOTIFICATION OF AN UPDATE TO THE ISSUER’S ZAR50,000,000,000 DOMESTIC MEDIUM TERM NOTE PROGRAMME Noteholders are advised that SBG has updated the following documents relating to its ZAR50,000,000,000 Domestic Medium Term Note Programme (the “Programme”): • the programme memorandum dated 24 December 2020 (the “Programme Memorandum”); • the Issuer Disclosure Schedule dated 13 October 2021, which is incorporated by reference in the Programme Memorandum; and • the Risk Factors and Other Disclosures Schedule dated 13 October 2021, which is incorporated by reference in the Programme Memorandum. A summary of the key changes made to the Programme Memorandum are as follows: • updates to the section of the Programme Memorandum headed “Summary of the Programme” to: o remove references to “Blocked Rand” and replace same with references to “emigrant capital”; o update the list of Participants; • amendments to the section of the Programme Memorandum headed “General Terms and Conditions” to: o incorporate definitions of the terms “Basel III”, “Issue Price” and “Written-off” under Condition 1 (Interpretation): o clarify the definitions of the terms “Programme Amount” and “Specified Office” under Condition 1 (Interpretation); o include the date of the amended and restated Agency Agreement, being 8 December 2022; o correct errors of a typographical nature; • amendments to the section of the Programme Memorandum headed “Additional Tier 1 Terms and Conditions” to: o incorporate definitions of the terms “Issue Price” and “Written- off” under Condition 1 (Interpretation); o remove the definition of the term “Reference Price” under Condition 1 (Interpretation): o clarify the definitions of the terms “Programme Amount”, “Risk Weighted Asset” and “Specified Office” under Condition 1 (Interpretation); o correct errors of a typographical nature (including the cross- referencing error in Condition 8.1 (Non-Viability Event)); EMEA 141595586 v2 • updates in various places in the Programme Memorandum to the title of the financial director and debt officer of SBG, to “Chief Finance and Value Management Officer” from that of “Group Financial Officer; • updates to the contact details appearing in the section of the Programme Memorandum headed “Corporate Information”. The amendments to the Programme Memorandum have been approved by the JSE. The updated programme memorandum, the updated Issuer Disclosure Schedule and the updated Risk Factors and Other Disclosures Schedule, each dated 8 December 2022, are available for inspection on SBG’s corporate website: https://reporting.standardbank.com/debt-investors/debt-securities/debt- securities/. The updated programme memorandum will also be available for inspection on the JSE’s website at www.jse.co.za. 9 December 2022 Johannesburg Debt Sponsor The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) EMEA 141595586 v2 2