THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Main Board: Amendment Announcement SBEN20?

The Standard Bank of South Africa Limited
Main Board: Amendment Announcement – “SBEN20”

The Standard Bank of South Africa Limited
Main Board: Amendment Announcement – "SBEN20"


Stock Code: SBEN20
ISIN Code: ZAE000322152


Holders of listed SBEN20 Equity Index Linked Notes ("the Notes")
- sponsored by The Standard Bank of South Africa Limited (acting
through its Corporate and Investment Banking Division), issued
under its Structured Note Programme, has been amended as
follows:


The Initial Index Level as set out in paragraph 45(d) and in
paragraph 86.4 (i)(c)(1) (Technical amendment) of the Applicable
Pricing Supplement:

     By the deletion of "Initial Index Level: 76,840.25,
     determined on 17 May 2023, being the strike date for the
     Initial Index Level." and the replacement thereof with:

     "Initial Index Level: 74,778.68, determined on 17 May 2023,
     being the strike date for the Initial Index Level."

This amendment is effective on the Issue Date (as defined in the
Applicable Pricing) and has been made in accordance with
Condition 18 of The Standard Bank of South Africa Limited's
Structured Note Programme dated 26 January 2021.

Save for the amendment set out above, the remainder of the terms
of the Applicable Pricing Supplement remain unchanged.

The amended Applicable Pricing Supplement is available for
inspection via the Issuer's website:
https://www.standardbank.com/sbg/standard-bank-group/investor-
relations/debt-investors

Dated: 17 March 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

Date: 17-03-2026 11:35:00
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