TRANS - CALEDON TUNNEL AUTHORITY - FURTHER DISCLOSURES AND CLARIFICATIONS - EXPIRY OF THE CURRENT VRS BORROWING LIMIT AND INTERIM ARRANGEMENTS

FURTHER DISCLOSURES AND CLARIFICATIONS - EXPIRY OF THE CURRENT VRS BORROWING LIMIT AND INTERIM ARRANGEMENTS

                                                                                                                  
  Trans-Caledon Tunnel Authority (TCTA)
   WSP3 (LHWP)                    ZAG000019993
   WSP4 (LHWP)                    ZAG000020009
   WSP5 (LHWP)                    ZAG000020017
  
  As established by Notice No 2631 in Government Gazette No 10545 of 12 December 1986, and revised
  by Notice No 277 in Government Gazette No 21017 of 24 March 2000 (the Notice of Establishment).
  A Schedule 2 Public Finance Management Act no. 1 of 1999 entity.
  
  VAAL RIVER SYSTEM WATER RESOURCES DEVELOPMENT PROJECTS – VRS
  (Incorporating The Lesotho Highlands Water Project (LHWP) and Acid Mine Drainage (AMD))
  
  FURTHER DISCLOSURES AND CLARIFICATIONS - EXPIRY OF THE CURRENT VRS BORROWING 
  LIMIT AND INTERIM ARRANGEMENTS
 
  Noteholders are notified of the following with regards pursuant to TCTA's SENS announcement of 26
  March relating to the expiry of the Borrowing Limit of the VRS Projects:

  Lenders representing R4 billion of VRS borrowing facilities requested a discussion on the following
  matters on 9 April 2019:

  -    Funding requirements over the short – medium term;
  -    Plan B if the borrowing powers are not renewed;
  -    Impact on new DMTN programme; and
  -    Impact on unutilised facilities or any other facilities.

  TCTA engaged with these lenders and believes that its answers to these questions are of relevance to
  the Noteholders and to all the lenders to the VRS Project.

  As such, it makes available the presentation made to the above mentioned lenders on its website
  (www.tcta.co.za – under Media & News/ Investor Relations/Investor Presentations/VRS Borrowing Limit
  Expiry Update)

 
 For further information please contact
  Nyiko Mageza, TCTA Sponsor +27 12 683 1334
  10 April 2019



[Chairman] Ms Z Manase; [Deputy Chairman] Mr JRD Modise; Mr S Roopa, Ms S Makhathini, Dr MJ Ellman, Mr S Kondlo, Ms T Moahloli, Mr MM Chonco
                                 [Chief Executive Officer] Mr P Sechemane; [Company Secretary] Adv. W De Witt

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