LOMBARD INSURANCE COMPANY LIMITED - LOM02 - Listing of New Financial Instrument

LOM02 - Listing of New Financial Instrument

Lombard Insurance Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001253/06)
Company code: LIC
Bond Code: LOM02
ISIN: ZAG000156589
(“Lombard”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Lombard the listing of its Unsecured Subordinated Floating Rate Notes, in terms
of its Unsecured Subordinated Note Programme (“the Programme”) dated 17 November 2014, effective 30
January 2019.

Debt Security Code:                         LOM02
ISIN:                                       ZAG000156589
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 100 000 000.00
Issue Date:                                 30 January 2019
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 395 basis points
Interest Commencement Date:                 30 January 2019
Interest Determination Date(s):             30 April, 30 July, 30 October and 30 January of each year until
                                            maturity, with the first interest determination date being 25
                                            January 2019
First Interest Payment Date:                30 April 2019
Interest Payment Date(s):                   30 April, 30 July, 30 October and 30 January of each year until
                                            maturity
Last Day to Register:                       By 17h00 on 19 April, 19 July, 19 October and 19 January of each
                                            year until maturity
Books Close:                                20 April, 20 July, 20 October and 20 January of each year until
                                            maturity
Business Day Convention:                    Following Business Day
Maturity Date:                              30 January 2024
Final Maturity Amount:                      ZAR 100 000 000.00
Other:                                      The pricing supplement does not contain additional terms and
                                            conditions or changes to the terms and conditions as contained
                                            in the Programme
Summary of Additional Terms:                Not Applicable

Programme Amount:                           ZAR 1 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 200 000 000.00, exclusive of this issuance of notes
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank
                                            division

The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.

29 January 2019

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

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