THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - Notice of share instalment rollover

SCIB: The Standard Bank Of South Africa - Notice of share instalment rollover

      THE STANDARD BANK OF SOUTH AFRICA LIMITED

      06/05/2019

      NOTICE OF ROLLOVER OF STANDARD BANK SHARE INSTALMENTS

      The following instalments expired on 03rd May 2019. Roll Ratios are:

Old instrument              ISIN        New Instrument       ISIN             Roll Ratio
   BTISTG               ZAE000257598           BTISTH        ZAE000272357         0.348000


      Number of new Share Instalments =
      (Cash Settlement Amount / Price of new Share Instalment on the Expiration Date)*Number of existing
      Share Instalments

      Where:
      •            Cash Settlement Amount = (the closing price of the Underlying Parcel on Expiration Date – the
                   Exercise Price of the expiring Share Instalment – any other fees and expenses the Warrantholder is
                   liable for in terms of the Conditions);
      •              Price of new Share Instalment = closing price of the new Share Instalment on the Expiration Date of
                   the old Share Instalment determined by the Issuer as per the matrix offer price based off the closing
                   price of the Underlying Security. Note - This may differ from the closing price of the new Share
                   Instalment on the JSE as this level is set before the official close of the market at 5.00 p.m.

      Please note:
           1. The new Share Instalments will take around 5 Business Days from the Expiration Date of the old series
                to be delivered into the Warrantholders account.


          Warrantholders should ensure that their holdings are registered prior to the Expiration Date as only registered Warrantholders
          will be entitled to the rollover. Share Instalments will be exercisable in accordance with the terms and conditions set out in
          the Common Terms Document, relevant Conditions Annexure/s and/or Supplements. All Share Instalments will be settled via
          STRATE. Please note that the Share Instalments that do not rollover will be settled in accordance with the provisions set out
          in the relevant Conditions Annexure/s and/or Supplements.


      Copies of the warrant issue documentation may be
      obtained from:
      The Standard Bank Of South Africa Limited.
      (Registration Number 1962/000738/06)
      30 Baker Street, Rosebank
      Johannesburg
      2001

      For further information contact :
      Standard Bank Warrants
      Tel 0800 111 780
      e-mail : derivatives@standardbank.co.za
      Sponsor: SBG Securities (Pty) Limited
      (A subsidiary of the Standard Bank Group Limited)
      (Registration Number: 1972/008305/07)
      An authorised user of the JSE Limited

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