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The Standard Bank of South Africa Limited Financial Instrument Redemption Announcement - “SBRN17”

2025/06/10 11:12:00

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                    The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN17”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - 'SBRN17'


Stock Code: SBRN17
ISIN Code: ZAE000305900


SBRN17 Final Redemption / SBRN71 Issuance


Holders of the listed SBRN17 Equity Index Linked Notes ('the
Notes') which are redeeming on 17 June 2025 are informed that
the level of the index was determined and calculated on 09 June
2025 as 192.2996 and the FX Final Level was determined and
calculated on 09 June 2025 as ZAR17.7720/USD1.00.


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 20 May 2025,
     but rather to roll their investment in SBRN17 Notes into a
     new Market Multiplier ('SBRN71'), the level of the Index was
     determined on 09 June 2025 as 192.2996. For each SBRN17 Note
     that is rolled into SBRN71 Notes (ISIN ZAE000347936), the
     holders will receive 5.9146 SBRN71 Notes (ISIN ZAE000347936)
     per SBRN17 Note allocated to their custody accounts on 17
     June 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 equal to the redemption value of
     the Notes, will receive the relevant ETFs (allocated to
     their accounts on 17 June 2025).


3.   Option 3: Holders who elected not to roll the investment
     into SBRN071 (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 June 2025 an
     amount of 591459 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 by
     12:00pm on 06 June 2025, option 3 will apply by default.


5.   After the issue and delivery of the SBRN71 Notes (Option 1)
     or delivery of the ETFs (Option 2) on 17 June 2025 or payment
     of the sale proceeds of the ETFs (Option 3) 17 June 2025,
     the Notes (SBRN17) will be de-listed from the JSE on 18 June
     2025.



Dated: Tuesday, 10 June 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: 10-06-2025 11:12:00
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