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URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20231101_S481754.pdf]
Symbol [PRXSBS]
Symbol [PRXSBR]
Symbol [PRXSBC]
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SCIB: The Standard Bank Of South Africa- Stock warrant terms amendment

The Standard Bank of South Africa Limited

2023/11/01

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD
BANK PROSUS NV WARRANTS

Following the Prosus NV ("PRX") announcement on the Capitalisation Payment,
PRX shareholders will receive a Cash Payment of R1.41428 for every 1 PRX share
held.

Following this announcement, notice is hereby given that the terms of the PRX
warrants will be adjusted to place the warrant holders in the same financial position
they were prior to the Capital Payment ex-date. The terms of the warrants shall be
determined at the close of business on 31st October 2023.

The following warrants will be affected by this corporate action:

Existing Terms

     ISIN         JSE Code Exercise Price Conversion Ratio           Expiry     Exercise Style

ZAE000319869     PRXSBA          R665.26           344.10          07-Dec-23    American Call
ZAE000323234     PRXSBB          R665.26           367.04          14-Mar-24    American Call
ZAE000325411     PRXSBC          R699.67           321.16          07-May-24    American Call
ZAE000321626     PRXSBR          R541.38           206.46          12-Feb-24    European Put
ZAE000325239     PRXSBS          R573.50           206.46          07-May-24    European Put

New Terms

     ISIN         JSE Code Exercise Price Conversion Ratio           Expiry     Exercise Style

ZAE000319869     PRXSBA         R663.47           343.17           07-Dec-23    American Call
ZAE000323234     PRXSBB         R663.47           366.05           14-Mar-24    American Call
ZAE000325411     PRXSBC         R697.79           320.30           07-May-24    American Call
ZAE000321626     PRXSBR         R539.92           205.90           12-Feb-24    European Put
ZAE000325239     PRXSBS         R571.96           205.90           07-May-24    European Put

The Effective Date of the adjustment shall be 1st November 2023.

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
(A subsidiary of the Standard Bank Group Limited)
(Incorporated in the Republic of South Africa, 13 March 1962, Registration number
1972/008305/07)

.

Date: 01-11-2023 08:30:00
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