THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Redemption Announcement - RLN028?

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “RLN028”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "RLN028"


Stock Code: RLN028
ISIN Code: ZAE000319554


RLN028 Final Redemption / RLN167 Issuance


Holders of the listed RLN028 Equity Index Linked Notes ("the
Notes") which are redeeming on 05 March 2026 are informed that
the level of the index was determined and calculated on 23
February 2026 as 116 833.40.


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 13 February
     2026, but rather to roll their investment in RLN028 Notes
     into a new Note with ISIN Number ZAE000357919("RLN167"), the
     level of the Index will be determined on 02 March 2026.


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 05 March 2026).


3.   Option 3: Holders who elected not to roll the investment
     into RLN167 (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 05 March 2026 an
     amount of 133 000 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 Monday, 02 March 2026 (the
     "Closing Date of Elections"), option 3 will apply by
     default.
5.   After the issue and delivery of the RLN167 Notes (Option 1)
     or delivery of the ETFs (Option 2) on 05 March 2026 or
     payment of the sale proceeds of the ETFs (Option 3) 06 March
     2026, the Notes (RLN128) will be de-listed from the JSE on
     06 March 2026.



Dated: 24 February 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: 24-02-2026 05:20:00
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