Welcome to the Standard Bank of South Africa Limited

Warning! QuickMenu may have been blocked by IE-SP2's active content option. This browser feature blocks JavaScript from running locally on your computer.

This warning will not display once the menu is on-line. To enable the menu locally, click the yellow bar above, and select "Allow Blocked Content".

To permanently enable active content locally...

1: Select 'Tools' --> 'Internet Options' from the IE menu.
2: Click the 'Advanced' tab.
3: Check the 2nd option under 'Security' in the tree (Allow active content to run in files on my computer.)

JSE News Services

URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20200514_S430723.pdf]
Symbol [REMSBA]
SCIB: The Standard Bank Of South Africa - Remgro warrants un-bundling announcement

The Standard Bank of South Africa Limited

2020/05/14

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK REMGRO LTD WARRANTS

Following the Remgro Ltd (?REM?) announcement on the unbundling, REM
shareholders will receive 0.69939 RMH shares for every1 REM shares.

Following this announcement, notice is hereby given that the terms of the REM
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 2nd June 2020.

The following warrants will be affected by this corporate action:

Existing Terms
                JSE Exercise Conversion                 Exercise
ISIN                                    Expiry
                Code Price     Ratio                     Style
ZAE000285151 REMSBA R 165.00         50     06-Oct-20 American Call

New Terms
                JSE Exercise Conversion                 Exercise
ISIN                                    Expiry
                Code Price     Ratio                     Style
ZAE000285151 REMSBA       TBA       TBA     06-Oct-20 American Call

The Effective Date of the adjustment shall be 3rd June 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.

Date: 14-05-2020 11:55:00
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.