NITRO PROGRAMME (RF) LIMITED - NTPI - Notification of a partial capital reduction of listed debt securities and interest payments

NTPI - Notification of a partial capital reduction of listed debt securities and interest payments

Nitro Programme (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2018/453364/06)
Company code: NTPI
LEI: 3789009AE068A5525397
Bond Code: N7C25        ISIN: ZAG000159047
Bond Code: N7D25        ISIN: ZAG000159054
Bond Code: N7E25        ISIN: ZAG000159062
(“Nitro Programme” or the “Issuer”)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND INTEREST
PAYMENTS

NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Nitro Programme’s ZAR 6 000 000 000.00 Asset
Backed Securities Programme dated 25 April 2019 (the “Programme”), noteholders are herewith
advised of the partial capital reduction of the N7C25 notes (the “notes”).

Bond Code:                      N7C25
ISIN:                           ZAG000159047
Amount before Reduction:        ZAR 75 898 000.00
Reduction Amount:               ZAR 46 735 000.00
Amount after Reduction:         ZAR 29 163 000.00
Record Date:                    19 June 2023
Effective and Pay Date:         20 June 2023

The partial capital reduction is due to the early redemption of the notes by the Issuer and is in line
with the terms and conditions set out in the Programme.


INTEREST PAYMENT NOTIFICATIONS

Noteholders are advised of the following interest payments due 20 June 2023:

Bond code:                      N7C25
ISIN:                           ZAG000159047
Coupon:                         10.333%
Interest amount due:            ZAR 1 976 749.89

Bond code:                      N7D25
ISIN:                           ZAG000159054
Coupon:                         11.583%
Interest amount due:            ZAR 2 335 640.55

Bond code:                      N7E25
ISIN:                           ZAG000159062
Coupon:                         12.733%
Interest amount due:            ZAR 1 925 648.22

Interest period:                20 March 2023 to 19 June 2023
Payment date:                   20 June 2023
Date Convention:                Modified Following Business Day



8 June 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 08-06-2023 09:55:00
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