EMIRA PROPERTY FUND LIMITED - EPF018 - Full Capital Reduction, Accrued Interest Payment of Listed Debt Securities and Correction Announcement

EPF018 - Full Capital Reduction, Accrued Interest Payment of Listed Debt Securities and Correction Announcement

Emira Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2014/130842/06)
Company code: EMII
LEI Number: 3789005E23C6259EAE70
(Approved as a REIT by the JSE)
Bond code: EPF018       ISIN: ZAG000156118
("Emira")

NOTIFICATION OF A FULL CAPITAL REDUCTION, ACCRUED INTEREST PAYMENT OF LISTED DEBT
SECURITIES AND CORRECTION ANNOUNCEMENT IN RESPECT OF INTEREST PAYMENT
NOTIFICATION

NOTIFICATION OF A FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED DEBT
SECURITIES

In accordance with the Terms and Conditions of Emira Property Fund Limited's ZAR
5,000,000,000.00 Domestic Medium Term Note Programme dated 20 May 2022, noteholders are
herewith advised of the full capital reduction of the EPF018 notes and the accrued interest paid
thereon.

Bond code:                                                        EPF018
ISIN:                                                             ZAG000156118
Nominal amount before reduction:                                  R 100 000 000.00
Reduction of nominal amount:                                      R 100 000 000.00
Nominal amount after reduction:                                   R 0.00
Settlement amount:                                                R102 337 095.00
Record date (for STRATE purposes):                                27 February 2024
Pay date of the repurchase:                                       28 February 2024
Effective date of the reduction in nominal amount:                28 February 2024
Accrued interest amount:                                          R 2 150 093.15 included in the
                                                                  settlement amount
Coupon rate:                                                      10.192%
Interest period:                                                  13 December 2023 to 27 February
                                                                  2024

The full capital reduction is due to the repurchase of the listed debt securities by the Issuer.

CORRECTION ANNOUNCEMENT IN RESPECT OF INTEREST PAYMENT NOTIFICATION

Noteholders are further referred to the announcement released on SENS on 21 February 2024 (the
previous interest payment announcement), in relation to the interest payment notification on the
EPF018 notes. The issuer wishes to notify the EPF018 noteholders that there will be no interest paid
on 18 March 2024 due to the full capital reduction on the note being effective 28 February 2024.

27 February 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 27-02-2024 08:30:00
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