THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited Financial Instrument Final Redemption Correction Announcement - SBEN23?

The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Correction Announcement - “SBEN23”

The Standard Bank of South Africa Limited
Financial Instrument Final Redemption Correction Announcement -
"SBEN23"

Stock Code: SBEN23
ISIN Code: ZAE000322657

Final Redemption with Election

Holders of the listed SBEN23 Index Linked Notes ("the Notes")
which are redeeming on Monday, 22 June 2026 are reminded that:

Last Date to Trade:                   Thursday, 11 June 2026
Valuation Date:                       Friday, 12 June 2026
Valuation Time:                       The time the Index Level
                                      is   published   on    the
                                      Valuation Date
Suspension Date:                      Friday, 12 June 2026
Valuation Rate Announcement by 11:00: Monday, 15 June 2026
Closing date for elections by 12:00: Wednesday, 17 June 2026
Record Date:                          Wednesday, 17 June 2026
Maturity Date (Delivery/Payment):     Monday, 22 June 2026
De-Listing Date:                      Tuesday, 23 June 2026

Before or latest on Wednesday, 17 June 2026 ("the Closing Date
for Elections"), holders of the Notes must elect which of the
following options they wish to follow:

  1. Option 1: A holder of the Notes may elect to receive
     delivery of the 1nvest Top 40 ETF ISIN: ZAE000279212 ETFs
     which the relevant holder bought on the Trade Date of the
     Notes adjusted to be equal to the redemption value of the
     Notes. The ETFs will be delivered to such holder on 22 June
     2026 ("the Maturity Date").

  2. Option 2: A holder of the Notes may elect 1) not to receive
     delivery of the ETFs on the Maturity Date (that is, not to
     follow Option 1), but may elect to rather instruct Standard
     Bank to sell the ETFs on behalf of the holder of the Notes
     and pay the redemption amount of such sale of the ETFs to
     the holder of the Notes on 22 June 2026 ("the Maturity
     Date")to the account of the holder.

  3. If Standard Bank receives no election from the holder of
     the Notes before or on Wednesday, 17 June 2026 Option 1 or
     Option 2 Standard Bank will assume that the holder had
     elected Option 2 (which is the default election) that is,
     that the holder had instructed Standard Bank to sell the
     ETFs on behalf of such holder and make payment of the
     proceeds of the sale of such ETFs to the account of such
     holder on 22 June 2026 ("the Maturity Date").
    After the delivery of the ETFs (Option 1) or payment of the
    sale proceeds of the ETFs (Option 2) on 22 June 2026, the
    Notes (SBEN23) will be de-listed from the JSE on 23 June
    2026.

    Dated: Wednesday, 27 May 2026
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: 27-05-2026 05:00:00
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