THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Final Redemption Correction Announcement - SBEN11?

The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Correction Announcement - “SBEN11”

The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Correction Announcement -
"SBEN11"

Stock Code: SBEN11
ISIN Code: ZAE000315511


Final Redemption SBEN11

Holders of the listed SBEN11 Equity Index Linked Notes ("the
Notes") which are redeeming on Friday 24 October 2025 are
informed that the level of the index was determined and
calculated on Friday 17 October 2025 as 4296.41

Following this determination and calculation holders of the
Notes are advised as follows:

  1. Option 1: Holders who elected to receive delivery of the
     ETFs (1nvest MSCI WLD ETF Fund, ISIN: ZAE000255170) which
     the relevant holder bought on the Trade Date of the Notes
     adjusted to be equal to the redemption value of the Notes,
     will receive the relevant ETFs (allocated to their accounts
     on Friday 24 October 2025).

  2. Option 2: Holders who elected not to receive delivery of
     the ETFs on the Maturity Date (that is, not to follow Option
     1), but elected to instruct Standard Bank to sell the ETFs
     on behalf of the holders of the Notes and pay the redemption
     amount of such sale of the ETFs to the holder of the Notes,
     will receive on Friday 24 October 2025 an amount of 184 333
     South African cents per the Note equivalent to the value
     of the relevant ETFs held by them on the Record Date.

  3. Holders who did not make an election from options 1 to 2
     by 12:00pm on Thursday 23 October 2025, option 2 will apply
     by default.

  4. After the delivery of the ETFs (Option 1) on 24 October
     2025 or payment of the sale proceeds of the ETFs (Option
     2) on 24 October 2025, the Notes (SBEN11) will be de-listed
     from the JSE on Monday 27 October 2025.


Dated: Wednesday, 22 October 2025


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: 22-10-2025 12:15:00
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