INDWA INVESTMENTS LIMITED - Full Capital Redemption - INA348

Full Capital Redemption - INA348

iNdwa Investments Limited

(Incorporated in the Republic of South Africa)

(Registration No. 2002/013434/06)

ISIN: ZAG000101163

Company code: BIIND

(“iNdwa”)





FULL CAPITAL REDEMPTION



In accordance with the Terms and Conditions of iNdwa’s

R15,000,000, 000 Asset Backed Hybrid Commercial Paper Programme,

investors are herewith advised of the full capital redemption of

the INA348 notes effective 26 November 2013.



               Capital Redemption      Amount Outstanding

               Amount                  After Capital

                                       Redemption



INA348         R 400,000,000.00        R 0.00









25 November 2013



Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)


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