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SBKI - Notification of an update to the Issuer’s ZAR50,000,000,000 Domestic Medium Term Note Programme
STANDARD BANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1969/017128/06)
Issuer Code: SBKI
("SBG" or "the Issuer")
NOTIFICATION OF AN UPDATE TO THE ISSUER'S ZAR50,000,000,000 DOMESTIC MEDIUM TERM NOTE PROGRAMME
Noteholders are advised that SBG has updated the following documents relating to its ZAR50,000,000,000
Domestic Medium Term Note Programme (the "Programme"):
• the programme memorandum dated 8 December 2022 (the "Programme Memorandum");
• the Issuer Disclosure Schedule dated 8 December 2022, which is incorporated by reference in the
Programme Memorandum; and
• the Risk Factors and Other Disclosures Schedule dated 8 December 2022, which is incorporated by
reference in the Programme Memorandum.
A summary of the key changes made to the Programme Memorandum are as follows:
• updates to the section of the Programme Memorandum headed "Summary of the Programme" to:
o update the list of Participants;
o incorporate Recognition of RSA Bail-in Powers provisions pursuant to the Financial
Sector Laws Amendment Act 23 of 2021;
o remove certain definitions relating to the JSE Debt Guarantee Fund;
• amendments to the section of the Programme Memorandum headed "General Terms and
Conditions" to:
o incorporate certain definitions as required by the Debt and Specialist Securities
Listings Requirements, Financial Sector Regulation Act, and as required for the
introduction of RSA Bail- in Power provisions;
o incorporate power disruptions, pandemics and other health crisis in Condition 9.5
(Method of Payment);
o incorporate Condition 22 (Recognition of RSA Bail-in Powers);
o correct errors of a typographical nature;
• amendments to the section of the Programme Memorandum headed "Additional Tier 1 Terms
and Conditions" to:
o incorporate, remove or clarify certain definitions;
o incorporate power disruptions, pandemics and other health crisis in Condition 10.5
(Method of Payment);
o incorporate Condition 23 (Recognition of RSA Bail-in Powers);
• updates in various places in the Programme Memorandum to replace references to the "JSE"
to references to any "Financial Exchange" to allow listing on various Financial Exchanges;
• updates in various places in the Programme Memorandum to incorporate the Recognition of RSA
Bail-in Powers;
• updates in various places in the Programme Memorandum to remove references to the JSE Debt
Guarantee Fund Trust and the JSE Guarantee Fund;
The amendments to the Programme Memorandum have been approved by the JSE. The updated programme memorandum,
the updated Issuer Disclosure Schedule and the updated Risk Factors and Other Disclosures Schedule, each
dated 19 December 2024, are available for inspection on SBG's corporate website:
https://reporting.standardbank.com/debt-investors/debt-securities/debt-securities/.
The updated programme memorandum will also be available for inspection on the JSE's website at:
www.jse.co.za.
20 December 2024
Johannesburg
Debt Sponsor
The Standard Bank of South Africa Limited (acting through its Corporate and
Investment Banking division)
EMEA 141595586 v2 2
Date: 20-12-2024 12:50:00
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