THE THEKWINI FUND 13 (RF) LIMITED - Interest Rate Resets

Interest Rate Resets

The Thekwini Fund 13 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2014/064933/06)
Instrument Code: TH13A1 ISIN: ZAG000129099
Instrument Code: TH13A2 ISIN: ZAG000129107
Instrument Code: TH13A3 ISIN: ZAG000129115
Instrument Code: TH13A4 ISIN: ZAG000129123
Instrument Code: TH13A5 ISIN: ZAG000131616
Instrument Code: TH13A6 ISIN: ZAG000131624
Instrument Code: TH13A7 ISIN: ZAG000131632
Instrument Code: TH13A8 ISIN: ZAG000131640
Instrument Code: TH13B1 ISIN: ZAG000129131
Instrument Code: TH13B2 ISIN: ZAG000131657
Instrument Code: TH13C1 ISIN: ZAG000129149
Instrument Code: TH13C2 ISIN: ZAG000131665
Instrument Code: TH13D1 ISIN: ZAG000129156
Instrument Code: TH13D2 ISIN: ZAG000131673

The Thekwini Fund 13 (RF) Limited Interest rate reset

Please note, for the interest period from and including 22
February 2016 to, but excluding, 23 May 2016, the interest
rates for The Thekwini Fund 13 (RF) Limited Notes will be as
follows:

     R 137,500,000.00 Class A1 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000129099; Bond Exchange Listing Code TH13A1)
     R 90,000,000.00 Class A2 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000129107; Bond Exchange Listing Code TH13A2)
     R 216,000,000.00 Class A3 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000129115; Bond Exchange Listing Code TH13A3)
     R 56,000,000.00 Class A4 Secured Fixed Rate Notes due 21
      August 2050 (the Class A Notes) (ISIN No. ZAG000129123;
      Bond Exchange Listing Code TH13A4)*
     R 97,272,727.00 Class A5 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000131616; Bond Exchange Listing Code TH13A5)
     R 119,000,000.00 Class A6 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000131624; Bond Exchange Listing Code TH13A6)
     R 228,000,000.00 Class A7 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000131632; Bond Exchange Listing Code TH13A7)
     R 332,000,000.00 Class A8 Secured Fixed Rate Notes due 21
      August 2050 (the Class A Notes) (ISIN No. ZAG000131640;
      Bond Exchange Listing Code TH13A8)*
    R 60,000,000.00 Class B1 Secured Floating Rate Notes    due
     21 August 2050 (the Class B Notes) (ISIN No.
     ZAG000129131; Bond Exchange Listing Code TH13B1)
    R 50,000,000.00 Class B2 Secured Floating Rate Notes    due
     21 August 2050 (the Class B Notes) (ISIN No.
     ZAG000131657; Bond Exchange Listing Code TH13B2)
    R 40,000,000.00 Class C1 Secured Floating Rate Notes    due
     ZAG000129149; Bond Exchange Listing Code TH13C1)
    R 31,000,000.00 Class C2 Secured Floating Rate Notes    due
     21 August 2050 (the Class C Notes) (ISIN No.
     ZAG000131665; Bond Exchange Listing Code TH13C2)
    R 15,000,000.00 Class D1 Secured Floating Rate Notes    due
     21 August 2050 (the Class D Notes) (ISIN No.
     ZAG000129156; Bond Exchange Listing Code TH13D1)
    R 26,000,000.00 Class D2 Secured Floating Rate Notes    due
     21 August 2050 (the Class D Notes) (ISIN No.
     ZAG000131673; Bond Exchange Listing Code TH13D2)
 (Collectively, the Notes)

Notice is hereby given, in accordance with condition 8.3.of
the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 22 February 2016 to,
but excluding, 23 May 2016) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 6.992% on
22 February 2016.

     Interest   on the   Class A1 Floating Rate Notes for the
      interest   period   was set at 8.162%
     Interest   on the   Class A2 Floating Rate Notes for the
      interest   period   was set at 8.382%
     Interest   on the   Class A3 Floating Rate Notes for the
      interest   period   was set at 8.742%
     Interest   on the   Class A4 Fixed Rate Notes for the
      interest   period   was set at 9.320%
     Interest   on the   Class A5 Floating Rate Notes for the
      interest   period   was set at 8.172%
     Interest   on the   Class A6 Floating Rate Notes for the
      interest   period   was set at 8.392%
     Interest   on the   Class A7 Floating Rate Notes for the
      interest   period   was set at 8.792%
     Interest   on the   Class A8 Fixed Rate Notes for the
      interest   period   was set at 9.630%
     Interest   on the   Class B1 Floating Rate Notes for the
      interest   period   was set at 9.192%
     Interest   on the   Class B2 Floating Rate Notes for the
      interest   period   was set at 9.202%
     Interest   on the   Class C1 Floating Rate   Notes for the
      interest   period   was set at 9.892%
     Interest   on the   Class C2 Floating Rate   Notes for the
      interest   period   was set at 9.972%
     Interest   on the   Class D1 Floating Rate   Notes for the
      interest   period   was set at 13.192%
     Interest   on the   Class D2 Floating Rate   Notes for the
      interest   period   was set at 13.192%

*Fixed note interest is paid semi-annually.

22 February 2016

Debt Sponsor
The Standard Bank of South Africa Limited

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