FOX STREET 1 (RF) LIMITED - Fox Street 1 (RF) Limited -Originator Call Option A5 Notes, B1 Notes, C1 Notes, D1 Notes

Fox Street 1 (RF) Limited -Originator Call Option
A5 Notes, B1 Notes, C1 Notes, D1 Notes

Fox Street 1 (RF) Limited

JSE Code: FS1A5

ISIN No:   ZAG000109448



JSE Code: FS1B1

ISIN No: ZAG000109455



JSE Code: FS1C1

ISIN No: ZAG000109463



JSE Code: FS1D1

ISIN No: ZAG000109471



Notice to Class A5 Noteholders, Class B1 Noteholders, Class C1
Noteholders, Class D1 Noteholders

Originator Call Option



1   Fox   Street 1   (RF)   Limited   ("Issuer")   established   a
    ZAR3,000,000,000   residential  mortgage   backed   securities
    programme (the "Programme") pursuant to the programme
    memorandum    dated    12 September 2013    (the    "Programme
    Memorandum"), in terms of which the Issuer may issue Notes
    from time to time.


2   Capitalised terms and expressions used herein and not
    otherwise defined herein, shall bear the meanings ascribed
    thereto in the section of the Programme Memorandum titled
    "Terms and Conditions of the Notes" under the heading titled
    "Interpretation".
3   This notice is delivered to the Class A5 Noteholders, Class
    B1 Noteholders, Class C1 Noteholders and Class D1 Noteholders
    in accordance with Condition 17.3 of the Terms and Conditions
    contained in the Programme Memorandum.


4   Condition 7.4.4 (Originator Call Option) of the Terms and
    Conditions provides that –

       "On any Quarterly Payment Date after the Originator Call
       Option Date and provided that there are still Notes in
       issue, the Originator shall have the right to purchase
       any or all of the Notes in issue upon giving not more
       than 30 (thirty) nor less than 20 (twenty) days' notice
       to the Security SPV and the Noteholders, which notice
       shall be irrevocable, at their Outstanding Principal
       Amount (together with accrued interest thereon) less the
       balance of any Principal Deficiency recorded in the
       relevant Principal Deficiency Ledger."


5   The Originator Call Option Date for each of the Class A5
    Notes, Class B1 Notes, Class C1 Notes and Class D1 Notes was
    20 June 2018.

6   Accordingly, the Originator hereby gives notice to the
    holders of the Class A5 Notes, Class B1 Notes, Class C1 Notes
    and Class D1 Notes that it will, on the next Quarterly
    Payment Date, being 20 September 2018, purchase all the
    outstanding Class A5 Notes, Class B1 Notes, Class C1 Notes
    and Class D1 Notes at their Outstanding Principal Amount
    together with accrued interest thereon.


7   Simultaneously with this notice, the Originator will provide
    written notice to the Security SPV of the exercise by it of
    the Originator Call Option.


Date 22 August 2018



Sponsor:   Investec Bank Limited (“Investec”)

Date: 22/08/2018 11:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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