THE THEKWINI FUND 16 (RF) LIMITED - Redemption of Notes

Redemption of Notes

The Thekwini Fund 16 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2018/418593/06)

REFINANCE OF AND REDEMPTION OF NOTES

Noteholders are advised that in accordance with the Terms and
Conditions   of   the   THE  THEKWINI   FUND 16   (RF)   LIMITED
ZAR4,000,000,000 Asset Backed Note Programme, the Issuer shall,
in accordance with the provisions of Condition 7.3.4, on 22
August 2022, being the first Business Day following the Coupon
Step-Up Date, issue a further Tranche of Notes (the "Refinancing
Notes") and will use the proceeds of the Refinancing Notes,
together with available funds, to redeem the Principal Amount
Outstanding of the instruments listed below, in accordance with
the Priority of Payments:



                       Redemption Amount     Principal Amount
                                             Outstanding
TH16A1 –
ZAG000161662           R464,000,000              R   0.00
TH16A4 –
ZAG000170036           R695,000,000              R   0.00
TH16A7 –
ZAG000172487           R159,000,000              R   0.00


The effective date of the above redemptions is 22 August 2022,
being the first Business Day following the Coupon Step-Up Date.

2 August 2022

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 02-08-2022 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.