NQABA FINANCE 1 (RF) LIMITED - Results of Noteholder Meeting - NQA

Results of Noteholder Meeting - NQA

NQABA FINANCE 1 (RF) LIMITED
Registration Number 2005/040050/07
(JSE Alpha code: NQA)
(“Nqaba" or the “issuer)

Bond Code            ISIN No                           Bond Code           ISIN No
NQ1A10               ZAG000077686                      NQ1B17              ZAG000126467
NQ1A24               ZAG000143991                      NQ1B20              ZAG000151549
NQ1A25               ZAG000144007                      NQ1B21              ZAG000159591
NQ1A27               ZAG000151531                      NQ1C10              ZAG000077694
NQ1A28               ZAG000159583                      NQ1C17              ZAG000126459
NQ1B10               ZAG000077702                      NQF1D5              ZAG000077678

RESULTS OF NOTEHOLDER MEETING HELD ON 29 NOVEMBER 2022

Noteholders are advised that at a meeting of noteholders (“Noteholders’ Meeting”) held on
29 November 2022 all of the resolutions as set out in the notice of Noteholders’ Meeting, as distributed to
noteholders on 7 November 2022, were passed by the requisite majority of votes of noteholders present in
person or represented by proxy.

Details of the results of the voting are as follows:

Total outstanding principal amount of the notes: R1,095,340,754

Aggregate total of the principal amount of the notes represented by proxy and noteholders present in person:
R1,039,175,054 being 94.87% of the total votable notes.

                     Votes cast disclosed as a         Aggregate          Notes voted       Notes abstained
                     percentage in relation to the     outstanding        disclosed as a    disclosed as a
                     total number of notes voted at    principal amount   percentage in     percentage in
                     the AGM                           of the notes       relation to the   relation to the
                                                       voted              total             total
 Resolutions            For             Against                           outstanding       outstanding
                                                                          principal         principal
                                                                          amount            amount
                                                                          
 Extraordinary
 Resolution 1 –
 Amending the
 definition of the
 Required Direct
 Employees               100%               0%          R1,039,175,054        82.83%            12.04%
 Percentage" at
 sub-paragraph
 1.236 of the
 Programme
 Memorandum
 
 Extraordinary
 Resolution 2 –
 Reset the levels
 of the Required         100%               0%          R1,039,175,054        82.83%            12.04%
 Direct Employees        
 Percentage from
 86% to 84%
 
 Extraordinary
 Resolution 3 –
 Reset the levels
 of the Required
 Minimum Payroll         100%               0%          R1,039,175,054        82.83%            12.04%
 Deduction
 Percentage from
 89% to 87%


01 December 2022

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 01-12-2022 07:15:00
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