SCIB: The Standard Bank Of South Africa- Increase in warrant issue size SB: The Standard Bank Of South Africa Limited –Increase in issue size announcement in relation to the KIOSBJ Warrant JSE THE STANDARD BANK OF SOUTH AFRICA LIMITED Share Code: KIOSBJ ISIN Code: ZAE000276937 INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO KIOSBJ WARRANT (“KIOSBJ”) Notice is herby given of the increase in the issue size of the KIOSBJ warrant from 100 Million to 200 Million with effect from the commencement of trade on Friday, 25th October 2019, following the approval of the JSE Listings division of such increase. Apart from the increase to the issue size, there are no changes to the terms and conditions of the warrant or to the underlying share. All documentation submitted for the initial listing of the warrant, therefore remain relevant and in full force and effect. The increase in the warrant issue size complies with the Listings Requirements The salient terms of the KIOSBJ warrant are as follows: JSE Code KIOSBJ Short Name SB KIO CJ Long Name SB KIO R480CJ 160:1MAR20 Underlying Share KUMBA IRON ORE LTD Type American Call Expiration Date 3 MARCH 2020 Strike Price R480.00 Cover Ratio 160 warrants exercisable into 1 Share 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: 24/10/2019 Date: 24/10/2019 01:55:00 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.