THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Redemption Announcement - SBRN12?

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - “SBRN12”

The Standard Bank of South Africa Limited
Financial Instrument Redemption Announcement - "SBRN12"


Stock Code: SBRN12
ISIN Code: ZAE000301685


Final Redemption


Holders of the listed SBRN12 Equity Index Linked Notes ("the
Notes") which are redeeming on 25 February 2025 are reminded
that:


Last Date to Trade:                   Wednesday,12 February
                                      2025
Suspension Date:                      Thursday, 13 February 2025
Record Date:                          Monday, 17 February 2025
Closing date for elections:           Monday, 17 February 2025
Valuation Date:                       Tuesday, 18 February 2025
Valuation Time:                       The time the Index Level
                                      is   published    on   the
                                      Valuation Date
Maturity Date (Delivery/Payment):     Tuesday, 25 February 2025
De-Listing Date:                      Wednesday,   26   February
                                      2025


Before or latest on 17 February 2025 ("the Closing Date for
Elections"), holders of the Notes must elect which one of the
options below they wish to follow. Holders of the Notes may
either contact their financial advisors and request their
financial advisors to inform Standard Bank through their
standing communication channels about their clients' elections
or the holders may elect themselves digitally via their broker's
CSDP which of the following options they wish to follow:


  1. Option 1: A holder of the Notes may elect not to follow
     Option 2 or Option 3 below, but rather to roll the
     investment into a new Market Multiplier Note ("SBRN66").
     The index level of SBRN66 will be determined the Valuation
     Date (18 February 2025) at the Valuation Time, which is the
     same date and time on which the final redemption value of
     SBRN12 will be determined. Due to the difference in time
     zones, holders of the Notes will be informed on Wednesday,
     19 February what the final redemption value of SBRN12 is.
     SBRN66 will be issued on 25 February 2025 and will be
     delivered to the relevant holders which have elected Option
     1 within one week after the issuing of SBRN66.


  2. Option 2: A holder of the Notes may elect to receive
     delivery of the 1nvest MSCI World Index Feeder ETF (such
     participatory interests herein referred to as "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. The ETFs will be delivered to such holder on 25
    February 2025 ("the Maturity Date").


  3. Option 3: A holder of the Notes may elect not to roll the
     investment into SBRN66 (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 may elect to rather
     instruct Standard Bank to sell the ETFs on behalf of the
     holder of the Notes and pay the redemption amount of such
     sale of the ETFs to the holder of the Notes on 25 February
     2025 ("the Maturity Date") to the account of the holder.


  4. If Standard Bank receives no notice from either the
     holder's Independent Financial Advisor or the holder does
     not digitally elect before or on 17 February 2025 Option 1
     or Option 2 Standard Bank will assume that the holder had
     elected Option 3 (which is the default election) that is,
     that the holder had instructed Standard Bank to sell the
     ETFs on behalf of such holder and make payment of the
     proceeds of the sale of such ETFs to the account of such
     holder on 25 February 2025 ("the Maturity Date").


    After the issue of SBRN66 (Option 1) or delivery of the
    ETFs (Option 2) or payment of the sale proceeds of the ETFs
    (Option 3) 25 February 2025, the Notes (SBRN01) will be de-
    listed from the JSE.



Dated: 29 January 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: 29-01-2025 05:25:00
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