THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Brait PLC Warrants Delayed Announcement

The Standard Bank of South Africa Limited Brait PLC Warrants – Delayed Announcement

The Standard Bank of South Africa Limited Brait PLC Warrants – Delayed
Announcement

2024/08/30

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK
BRAIT PLC WARRANTS

This is with regards to the Brait PLC ("BAT") announcement on the rights issue
where BAT shareholders were issued rights to take up 1.926 BAT shares for every
1 BAT shares.

Following this announcement, notice is hereby given that the terms of the BAT
warrants will be adjusted to place the warrant holders in the same financial
position they were prior to the rights offer ex-date.

The following warrants will be affected by this corporate action:

Current Terms

                  JSE     Exercise   Conversion                      Exercise
ISIN                                                     Expiry
                 Code      Price       Ratio                          Style
                                                                     American
ZAE000335550 BATSBA        R2.00           2        06 February 2025
                                                                       Call
                                                                     American
ZAE000332011 BATSBN        R2.00           2        01 October 2024
                                                                       Call
                                                                     American
ZAE000333993 BATSBO        R2.00           2       03 December 2024
                                                                       Call

New Terms

                  JSE     Exercise   Conversion                      Exercise
ISIN                                                     Expiry
                 Code      Price       Ratio                          Style
                                                                     American
ZAE000335550 BATSBA        R1.45         1.45       06 February 2025
                                                                       Call
                                                                     American
ZAE000332011 BATSBN        R1.45         1.45       01 October 2024
                                                                       Call
                                                                     American
ZAE000333993 BATSBO        R1.45         1.45      03 December 2024
                                                                       Call


The Effective Date of the adjustment shall be 02 September 2024.

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.

Date: 30-08-2024 01:45:00
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