THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited - First Interim Payment in respect of SBRN11 Notes

The Standard Bank of South Africa Limited - First Interim Payment in respect of SBRN11 Notes

The Standard Bank of South Africa Limited
Amendment to Corporate Action Announcement - “SBRN11”

Stock Code: SBRN11
ISIN Code: ZAE000300125

The First Interim Period is maturing on 20 December 2022. On
20 December 2022 Standard Bank will pay an aggregate amount of
ZAR11 400 000.00 in respect of all the Notes, which amounts to
a payment of ZAR1 425.00 per note “the First Interim Payment
Amount” to the holders of SBRN11 Notes. Since the First Interim
Payment Amount includes 25% of the capital of the initial
purchase price of the Notes, the Issuer will on 21 December 2022
reduce the base costs of the Notes (that is the specified
denomination of the Notes) to ZAR3 750.00 per Note to account
for the reduction in the initial capital used to purchase these
Notes.

First Interim Period
Maturity Date                                    20 December 2022

Aggregate First Interim Payment Amount in
respect of all the Notes:                        ZAR11 400 000.00

Aggregate Capital Redemption Amount in respect
of all the Notes:                                ZAR10 000 000.00

Capital Redemption Amount per Note               ZAR1 250.00

Aggregate Amount of Interest earned in
respect of all the Notes (14% Coupon)            ZAR1 400 000.00

Amount of Interest earned per Note:              ZAR175.00

Declaration Date:                                01 December 2022

Last Day to Trade:                               13 December 2022

Ex-Date:                                         14 December 2022

Record Date:                                     19 December 2022

Payment Date:                                    20 December 2022


Dated: 08 November 2022

Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 09-11-2022 09:05:00
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