MW ASSET RENTALS (RF) LIMITED - MWSI-Refinancing Notice

MWSI-Refinancing Notice

                                                                                           2nd Floor, 145 West Street, Sandton, 2196
MW ASSET RENTALS (RF) LIMITED
Reg No 2002/030074/06
Incorporated in the Republic of South Africa
JSE alpha code: MWSI
(the "Issuer")

REFINANCING NOTICE : MWAR07, MWAR12 and MWAR15

Noteholders are referred to the Issuer's ZAR 2,500,000,000 Lease Receivables Backed Note Programme
dated 9 November 2016 and are advised that the Issuer intends to issue new notes (''Refinancing Notes'')
with a notional value of R600 million on 22 November 2024 (the "Refinance Date") in order to redeem the
following notes:
     • MWAR07 note (R300 million) with a scheduled maturity date of 22 November 2024;
     • MWAR12 note (R200 million) with a scheduled maturity date of 22 November 2024; and
     • MWAR15 note (R100 million) with a scheduled maturity date of 22 November 2024;
        (together the "Refinanced Notes").

The Refinanced Notes will be redeemed at the aggregate principal amount outstanding, on the Refinance
Date, utilising the proceeds from the Refinancing Notes.

It is recorded that the Issuer is entitled to withdraw this Refinancing Notice at any time prior to the issue of
the Refinancing Notes and, following such withdrawal, will not be entitled to issue any further tranches of
notes with respect to the Refinanced Notes. Details regarding the Refinanced Notes will be published closer
to the scheduled maturity dates stipulated above.

21 August 2024

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited




Date: 21-08-2024 02:25:00
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