THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The standard Bank Of South Africa: warrants terms amendment

SCIB: The standard Bank Of South Africa: warrants terms amendment

The Standard Bank of South Africa Limited

2020/01/29

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK SIBANYE GOLD LTD WARRANTS

Following the Brait SE (“BAT”) announcement on the rights Issue, BAT shareholders
will receive rights to take up 1.687 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 terms of the warrants shall be
determined at the close of business on 28th January 2020.

The following warrants will be affected by this corporate action:

Existing Terms

                                Exercise    Conversion                    Exercise
ISIN               JSE Code                                 Expiry
                                 Price        Ratio                        Style
  ZAE000281259      BATSBA       R 16.00         14        04-Aug-20     American Call

  ZAE000276879      BATSBN       R 13.50         7         03-Mar-20     American Call

  ZAE000277919      BATSBO       R 17.00         10        03-Mar-20     American Call

  ZAE000281382      BATSBP       R 13.00         9         04-Aug-20     European Put


New Terms

                                Exercise     Conversion                     Exercise
ISIN               JSE Code                                   Expiry
                                 Price         Ratio                         Style
  ZAE000281259      BATSBA       R 11.48        10.05        04-Aug-20    American Call

  ZAE000276879     BATSBN        R 9.69          5.02        03-Mar-20    American Call

  ZAE000277919     BATSBO        R 12.20         7.17        03-Mar-20    American Call

  ZAE000281382      BATSBP       R 9.33          6.46        04-Aug-20    European Put


The Effective Date of the adjustment shall be 29th January 2020.

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: 29-01-2020 08:00:00
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