INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - Update to the Procurement Policy - IN02

Update to the Procurement Policy - IN02

Industrial Development Corporation of South Africa Limited
(Incorporated in the Republic of South Africa)
Registration No. 1940/014201/06
Bond Issuer Code: IN02
(the “IDC” or the “Corporation”)

Update to the Procurement Policy

The IDC seeks to provide an effective and efficient procurement service to IDC and its stakeholders
through procurement best practices and optimal resource management, in compliance with the IDC
policies and relevant procurement regulatory framework. The IDC is committed to affirmative
procurement consistent with the South African Constitution and the approved DTI Codes of Good
Practice issued in terms of the BBBEE Act No. 53 of 2003.

Noteholders are hereby notified that IDC’s Board of Directors has approved the update to the
Procurement Policy “policy”. The updated policy has been published to comply with the requirements
of Section 7 of the JSE Limited Debt Listings Requirements. The policy can be found on IDC’s website
on the following link:

https://v9x2w3s4.stackpathcdn.com/wp-content/uploads/2023/08/IDC-Procurement-Policy_27-July-
2023.pdf

Johannesburg
14 August 2023

Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)

Date: 14-08-2023 07:15:00
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