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EPF022 - Step Down Event and Interest Payment Notification
Emira Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2014/130842/06)
Company code: EMII
(Approved as a REIT by the JSE)
Bond code: EPF022 ISIN: ZAG000176892
(“Emira”)
STEP DOWN EVENT AND INTEREST PAYMENT NOTIFICATION
STEP DOWN EVENT
Noteholders are advised that the step-down event has not occurred as per paragraphs 1.4 Annexure
A of the EPF022 Applicable Pricing Supplement (APS).
Emira has installed an additional 1 587 KWp of solar (renewable) energy, c.79% of Target 1. Supply
chain disruptions have resulted in Emira not meeting 100% of the Renewable Energy Target 1.
As such the Step Down Margin as per paragraph 1.5 of Annexure A of the APS will not be enacted. The
applicable margin until the next Sustainability Step-Down Notification Deadline on 15 May 2023 as
per paragraph 33 of the APS will be 210 basis points.
INTEREST PAYMENT NOTIFICATION
Noteholders are further advised of the following interest payment due on 30 May 2022:
Bond code: EPF022
ISIN: ZAG000176892
Coupon: 6.317%
Interest amount due: ZAR 5 984 708.49
Interest period: 28 February 2022 to 29 May 20222
Payment date: 30 May 2022
Date Convention: Following Business Day
13 May 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13-05-2022 03:09:00
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