UMGENI WATER - Amendment to Umgeni Water's ZAR4 000 000 000 Domestic Medium Term Note Programme

Amendment to Umgeni Water's ZAR4 000 000 000 Domestic Medium Term Note Programme

UMGENI WATER
(Established in the Republic of South Africa under Proclamation No 114 of 1974 (Government Gazette no 4300
of 14 June 1974) and in terms of section 108(2) of the Water Act,1956 and now deemed to be established in
term of the Water Services Act, 1997 read together with the Public Finance Management Act, 1999)
Company code: BIUMWA
Stock Codes:
UG21:             ZAG000075698
UG26:             ZAG000133760

AMENDMENTS TO UMGENI WATER’S ZAR4 000 000 000 DOMESTIC MEDIUM TERM NOTE PROGRAMME

Noteholders are advised that Umgeni Water has amended and updated its ZAR4 000 000 000 Domestic Medium
Term Note Programme (the “Programme Memorandum”) to incorporate various regulatory amendments in
order to align the Programme Memorandum with the most recent Debt Listings Requirements.

The amendments to the Programme Memorandum primarily relate to updates of the following sections:

•   litigation;
•   documents incorporated by reference;
•   risk factors;
•   the issuer’s and JSE’s responsibility paragraphs;
•   amendments to existing definitions and the inclusion of additional definitions;
•   amendments to the pro forma Applicable Pricing Supplement;
•   the terms and conditions of the notes;
•   the section relating to the issuer agent;
•   provisions in respect of notices to and by noteholders;
•   the process relating to meetings of noteholders;
•   description of Umgeni Water; and
•   the South African taxation and exchange control sections to align with current legislation

The amendments to the Programme Memorandum have been approved by the JSE and the updated Programme
Memorandum        is     available      for inspection   on      Umgeni        Water’s      website,
http://www.umgeni.co.za/services/bti.asp.


3 May 2019

Debt Sponsor
Nedbank CIB

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