JSE Sens

THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB - Adjustments to the terms and conditions of the Standard Bank Exxaro Resources Ltd Warrants

09 October 2019 - 09:20 AM
EXXSBF EXXSBG EXXSBH
SCIB - Adjustments to the terms and conditions of the Standard Bank Exxaro Resources Ltd Warrants

The Standard Bank of South Africa Limited

2019/10/09

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK EXXARO RESOURCES LTD WARRANTS

Following the Exxaro Resources Ltd (EXX) announcement of a special dividend of
897c.

Following this announcement, notice is hereby given that the terms of the EXX
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the rights offer ex-date. The terms of the warrants shall be
determined at the close of business on 08 October 2019.

The following warrants will be affected by this corporate action:

Existing Terms
                    JSE       Exercise     Conversion
ISIN                                                        Expiry     Exercise Style
                    Code       Price         Ratio

 ZAE000271920       EXXSBF     R 190.00        65          05-Nov-19    American Call

 ZAE000276895      EXXSBG      R 160.00        55          03-Mar-20    American Call

 ZAE000277927      EXXSBH      R 150.00        35          03-Mar-20    American Call



New Terms

                    JSE       Exercise     Conversion
ISIN                                                        Expiry     Exercise Style
                    Code       Price         Ratio

 ZAE000271920       EXXSBF     R176.79        60.48        05-Nov-19    American Call

 ZAE000276895      EXXSBG      R148.87        51.18        03-Mar-20    American Call

 ZAE000277927      EXXSBH      R139.57        32.57        03-Mar-20    American Call



The Effective Date of the adjustment shall be 09th October 2019.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.

This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any terms
used in this Notice which are defined in the Common Terms Document, Conditions
Annexure and the relevant Supplements shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out herein, the
terms and conditions set out in the Common Terms Document, Conditions Annexure
and relevant Supplements remain unchanged and in full force and effect.

Please note that Share Instalments are subject to selling restrictions and prospective
purchases are referred to the relevant Conditions Annexure for details of such
restrictions.

For further information contact:
Standard Bank
Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

Date: 09/10/2019 09:20:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.