THE THEKWINI FUND 18 (RF) LIMITED - The Thekwini Fund 18 (RF) Limited Interest Rate Reset

The Thekwini Fund 18 (RF) Limited Interest Rate Reset

 The Thekwini Fund 18 (RF) Limited
 (incorporated with limited liability in the Republic of South
 Africa)
 (Registration number: 2015/327 767/06)
  Issuer Code: TKWI18

The Thekwini Fund 18 (RF) Limited Interest rate reset

Please note, for the interest period from and including 21
November 2022 to, but excluding, 21 February 2023, the
interest rates for The Thekwini Fund 17 (RF) Limited Notes
will be as follows:

  •   89 167 559.00 Class OM1 Secured Floating Rate Notes due
      21 August 2023 (the Class Omega Notes) (ISIN No.
      ZAG000190406; JSE Bond Code TH18O1)

  •   R 452 000 000.00 Class A11 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes) (ISIN No.
      ZAG000190323; JSE Bond Code T18A11)

  •   R 733 000 000.00 Class A21 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes) (ISIN No.
      ZAG000190364; JSE Bond Code T18A21)

  •   R 80 000 000.00 Class B1 Secured Floating Rate Notes due
      21 February 2056 (the Class B Notes) (ISIN No.
      ZAG000190380; JSE Bond Code TH18B1)

  •   R 60 000 000.00 Class C1 Secured Floating Rate Notes due
      21 August 2057 (the Class C Notes) (ISIN No.
      ZAG000190398; JSE Bond Code TH18C1)

  •   R 55 000 000.00 Class D1 Secured Floating Rate Notes due
      21 August 2057 (the Class D Notes) (ISIN No.
      ZAG000190414; JSE Bond Code TH18D1)

(Collectively, the Notes)

Notice is hereby given, in accordance with condition 8.3. of
the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 21 November 2022 to,
but excluding, 21 February 2023) based on JIBAR for 3-month
Rand deposits for the floating rate Notes, was fixed at 6.65%
on 21 November 2022.

  •   Interest on the Class OM1 Floating Rate Notes for the
      interest period was set at 7.540%
  •   Interest on the Class A11 Floating Rate Notes for the
      interest period was set at 7.920%

  •   Interest on the Class A21 Floating Rate Notes for the
      interest period was set at 8.150%

  •   Interest on the Class B1 Floating Rate Notes for the
      interest period was set at 8.350%

  •   Interest on the Class C1 Floating Rate Notes for the
      interest period was set at 9.050%

  •   Interest on the Class D1 Floating Rate Notes for the
      interest period was set at 10.050%

21 November 2022

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 22-11-2022 07:30:00
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