THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - AGL Warrants Terms update

SCIB: The Standard Bank Of South Africa - AGL Warrants Terms update

The Standard Bank of South Africa Limited

2021/06/04

SCIB: We refer to the announcement published via SENS on 8th April 2021
regarding the adjustment of Standard Banks Anglo-American PLC warrants
terms and conditions, the contents of the below announcement replace those
previously issued.

Following the Anglo-American PLC (“AGL”) unbundling announcement relating to
the unbundling of Thungela Resources Ltd (TGA), Anglo American PLC will
unbundle its interest in Thungela Resources Ltd. Each Shareholder will receive one
Thungela Resources Ltd share for every 10 Anglo American PLC shares held. The
unbundling will be effective on the 7th June 2021.

Following this announcement, notice is hereby given that the terms of the AGL
warrants will be adjusted to place the warrant holders in the same financial position as
they would have been in prior to the unbundling. The warrants will trade as a basket
of Anglo-American PLC & Thungela Resources Ltd. on a 1:0.1 ratio on the 7th June
2021.


The following warrants will be affected by this corporate action:
                                              Conversion
ISIN           JSE Code Exercise Price                         Expiry      Exercise Style
                                                 Ratio

ZAE000293775      AGLSBD         R 475.00         240          03-Aug-21    American Call

ZAE000295630      AGLSBE         R 540.00         180          02-Sep-21    American Call

ZAE000296919      AGLSBF         R 600.00         230          02-Nov-21    American Call

ZAE000294070      AGLSBQ         R 390.00         190          03-Aug-21    European Put

ZAE000295788      AGLSBR         R 470.00         200          02-Sep-21    European Put

ZAE000297149      AGLSBS         R 500.00         210          02-Nov-21    European Put



The Effective Date of the adjustment shall be 7th June 2021.


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: 04-06-2021 09:50:00
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