STANDARD BANK OF SOUTH AFRICA LD - SCIB: Adjustment to terms and conditions of the Standard Bank Woolworths Limited Warrants

SCIB: Adjustment to terms and conditions of the Standard Bank Woolworths Limited Warrants

The Standard Bank of South Africa Limited

2014/09/08

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK WOOLWORTHS HOLDINGS LTD WARRANTS

Following the Woolworths Holdings Ltd (“WHL”) announcement on the rights offer,
WHL shareholders will receive rights to take up 22 WHL shares for every 100 WHL
shares held at a price of R59.50 per share.

Following this announcement, notice is hereby given that the terms of the WHL
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the rights offer ex-date. The terms of the warrants shall be
determined at the close of business on 5th September 2014.

The following warrants will be affected by this corporate action:

Existing Terms
                 JSE    Exercise Conversion
ISIN                                             Expiry     Exercise Style
                 Code    Price     Ratio

ZAE000188512 WHLSBF R 83.00           20        03-Feb-14    American Call

ZAE000191714 WHLSBP R 70.00           20        03-Feb-14    European Put



New Terms
                 JSE    Exercise Conversion
ISIN                                             Expiry     Exercise Style
                 Code    Price     Ratio

ZAE000188512 WHLSBF R 79.24          19.09      03-Feb-14    American Call

ZAE000191714 WHLSBP R 66.83          19.09      03-Feb-14    European Put



The Effective Date of the adjustment shall be 8th September 2014.

The JSE Limited (JSE) Issuer Services Division has approved the adjustment of the
above-mentioned warrants.

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.

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