THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Redemption Announcement - SBRN36?

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN36”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "SBRN36"


Stock Code: SBRN36
ISIN Code: ZAE000317251


SBRN36 Final Redemption / SBRN80 Issuance


Holders of the listed SBRN36 Equity Index Linked Notes ("the
Notes") which are redeeming on 17 December 2025 are informed
that the level of the index was determined and calculated on 09
December 2025 as 2,000.91.


Following this determination and calculation holders of the
Notes are advised as follows:


1.   Option 1: Holders who elected not to follow Option 2 or
     Option 3 mentioned in the SENS Announcement of 05 December
     2025, but rather to roll their investment in SBRN36 Notes
     into a new Capital Escalator ("SBRN80"), the level of the
     Index will be determined on 10 December 2025.


2.   Option 2: Holders who elected to receive delivery of the
     ETFs which the relevant holder bought on the Trade Date of
     the Notes adjusted to be approximate to the redemption value
     of the Notes, will receive the relevant ETFs (allocated to
     their accounts on 17 December 2025).


3.   Option 3: Holders who elected not to roll the investment
     into SBRN80 (that is, not to follow Option 1) or not to
     receive delivery of the ETFs on the Maturity Date (that is,
     not to follow Option 2), but elected to instruct Standard
     Bank to sell the ETFs on behalf of the holders of the Notes
     and pay the redemption amount of such sale of the ETFs to
     the holder of the Notes, will receive on 17 December 2025
     an amount of    148 000 South African cents per the Note
     equivalent to the value of the relevant ETFs held by them
     on the Record Date.

4.   Holders who did not make an election from options 1 to 3
     before or latest by 11:00am on Thursday, 11 December 2025
     (the "Closing Date of Elections"), option 3 will apply by
     default.
5.   After the issue and delivery of the SBRN80 Notes (Option 1)
     or delivery of the ETFs (Option 2) on 17 December 2025 or
     payment of the sale proceeds of the ETFs (Option 3) 17
     December 2025, the Notes (SBRN36) will be de-listed from the
     JSE on 18 December 2025.



Dated: 10 December 2025


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

Date: 10-12-2025 10:25:00
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