Standard Bank : STB102-Full Redemption

STANDARD BANK GROUP LIMITED

REGISTRATION NUMBER 1969/017128/06)

Stock Code: SBT102 ISIN Code: ZAG000146622

Redemption of	ZAR	1,800,000,000	Additional Tier 1 Notes issued on
21 September	2017	under the	Standard Bank Group	Limited's
ZAR50 000 000 000 Domestic Medium Term Note Programme dated	28 November
2016

On 21 September 2017, Standard Bank Group ("Standard Bank") issued ZAR 1,800,000,000 Additional Tier 1 Notes (the "SBT102 Notes").

The SBT102 Notes are subject to the terms and conditions contained in the Programme Memorandum dated 28 November 2016 (the "Programme Memorandum") as read together with the Applicable Pricing Supplement issued in respect of the SBT102 Notes dated 18 September 2017 (the "Applicable Pricing Supplement").

In terms of the Applicable Pricing Supplement, Standard Bank has the option to redeem the SBT102 Notes on 30 September 2022, subject to the prior written approval of the Prudential Authority.

Pursuant to Condition 33(a) of the Applicable Pricing Supplement and having obtained the requisite prior written approval from the Prudential Authority, Standard Bank hereby gives notice that it shall redeem the SBT102 Notes on 30 September 2022 at 100% of the aggregate nominal amount thereof, together with any interest accrued thereon up until that date.

Last Day to Register	By 17h00 on Monday, 19 September 2022
Books Closed	Tuesday, 20 September 2022
Payment Day	Friday, 30 September 2022

Dated 10 August 2022

For further information contact:

Standard Bank

Jan Brits

Email:[e-mail]

Debt Sponsor: Standard Bank