SCIB: The Standard Bank Of South Africa- Issue of Knockout Warrants TOPSKB, TOPSKW, TOPSKX THE STANDARD BANK OF SOUTH AFRICA LIMITED - ISSUE OF KNOCKOUT! WARRANTS Underlying Instrument Issue size Knockout Level Ratio Warrant Style Exercise Date JSE Codes ISIN JSE TOP40 INDEX 100 MILLION 44,000 500 European Call 06-Dec-17 TOPSKB ZAE000244190 JSE TOP40 INDEX 100 MILLION 50,000 500 European Put 06-Dec-17 TOPSKW ZAE000244216 JSE TOP40 INDEX 100 MILLION 51,000 500 European Put 06-Dec-17 TOPSKX ZAE000244224 The Issuer Regulation Division of the JSE Limited ("JSE") has approved the listing of the abovementioned Knockout! warrants and trading will commence on 19 Apr 2017. 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. For more information about Knockout! warrants please visit http://www.warrants.co.za 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) 19-Apr-17 Date: 19/04/2017 08:30:00 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.