SCIB: THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF STOCK WARRANTS THE STANDARD BANK OF SOUTH AFRICA LIMITED ISSUE OF STOCK WARRANTS Underlying Instrument Issue size Exercise Price Ratio Warrant Style Exercise Date ISIN Codes JSE Codes Firstrand Ltd 100 MILLION R 37.00 10 European Put 06-Sep-16 ZAE000213732 FSRSBW Gold Fields Ltd 100 MILLION R 60.00 40 American Call 06-Sep-16 ZAE000213708 GFISBA Harmony Gold Mining Company Ltd 100 MILLION R 25.00 25 American Call 06-Sep-16 ZAE000213716 HARSBD Truworths International Ltd 100 MILLION R 95.00 45 American Call 02-Aug-16 ZAE000213724 TRUSBA The Issuer Regulation Division of the JSE Limited ("JSE") has approved the listing of the abovementioned warrants and trading will commence on 13 Jan 2016. All members of the JSE may participate in trading which will occur according to normal JSE Rules. Settlement will be effected electronically through Strate. Copies of the warrant issue documentation are available at the address stated below. 30 Baker Street Rosebank 2196 For further information contact : Standard Bank Warrants Tel 0800 111 780 Internet : www.warrants.co.za 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) 13-Jan-16 Date: 13/01/2016 08:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.