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URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20200218_S426833.pdf]
Symbol [SGLSTD]
SCIB: The Standard Bank Of South Africa - adjustment to SGL Instalment warrants

The Standard Bank of South Africa Limited

2020/02/18

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK SIBANYE GOLD LTD WARRANTS

Following the Sibanye Gold Limited (?SGL?) announcement with regards to the
restructuring of SGL, SGL shareholders will receive 1 SSW shares for every 1 SGL
shares held.

Following this announcement, notice is hereby given that the terms of the SGL
Instalment warrants will remain unchanged in their naming convention and will now
reference SSW as their underlying instrument.

The Effective Date of the adjustment shall be 19th February 2020.

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: [email protected]
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Ltd
This notice should be read together with the Common Terms Document, Conditions
Annexure and relevant Supplement which collectively record the terms and conditions
of the agreement between the Issuer and Warrantholders.
SCIB

Date: 18-02-2020 05:33:00
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