THE THEKWINI FUND 18 (RF) LIMITED - The Thekwini Fund 18 (RF) Limited Interest Rate Reset

The Thekwini Fund 18 (RF) Limited Interest Rate Reset

 The Thekwini Fund 18 (RF) Limited
 (incorporated with limited liability in the Republic of South
 Africa)
 (Registration number: 2015/327 767/06)
Issuer Code: TKWI18

The Thekwini Fund 18 (RF) Limited Interest rate reset

Please note, for the interest period from and including 21
February 2023 to, but excluding, 22 May 2023, the interest
rates for The Thekwini Fund 18 (RF) Limited Notes will be as
follows:

  •   R 59 329 933.00 Class OM1 Secured Floating Rate Notes due
      21 August 2023 (the Class Omega Notes)
      (ISIN No. ZAG000190406; JSE Bond Code TH18O1)

  •   R 122 788 294.00 Class OM2 Secured Floating Rate Notes
      due 21 August 2057 (the Class Omega Notes)
      (ISIN No. ZAG000191644; JSE Bond Code TH18O2)

  •   R 452 000 000.00 Class A1 Secured Floating Rate Notes due
      21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000190323; JSE Bond Code T18A11)

  •   R 733 000 000.00 Class A2 Secured Floating Rate Notes due
      21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000190364; JSE Bond Code T18A21)

  •   R 334 000 000.00 Class A12 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000191677; JSE Bond Code T18A12)

  •   R 485 000 000.00 Class A22 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000191693; JSE Bond Code T18A22)

  •   R 500 000 000.00 Class A32 Secured Fixed Rate Notes due
      21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000191735; JSE Bond Code T18A32)

  •   R 80 000 000.00 Class B1 Secured Floating Rate Notes due
      21 August 2057 (the Class B Notes)
      (ISIN No. ZAG000190380; JSE Bond Code TH18B1)

  •   R 89 000 000.00 Class B2 Secured Floating Rate Notes due
      21 August 2057 (the Class B Notes)
      (ISIN No. ZAG000191727; JSE Bond Code TH18B2)
  •   R 60 000 000.00 Class C1 Secured Floating Rate Notes due
      21 August 2057 (the Class C Notes)
      (ISIN No. ZAG000190398; JSE Bond Code TH18C1)

  •   R 67 000 000.00 Class C2 Secured Floating Rate Notes due
      21 August 2057 (the Class C Notes)
      (ISIN No. ZAG000191701; JSE Bond Code TH18C2)

  •   R 55 000 000.00 Class D1 Secured Floating Rate Notes due
      21 August 2057 (the Class D Notes)
      (ISIN No. ZAG000190414; JSE Bond Code TH18D1)

  •   R 61 000 000.00 Class D2 Secured Floating Rate Notes due
      21 August 2057 (the Class D Notes)
      (ISIN No. ZAG000191685; JSE Bond Code TH18D2)

(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 21 February 2023 to,
but excluding, 22 May 2023) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 7.450% on
21 February 2023.

  •   Interest on the Class OM1 Floating Rate Notes for the
      interest period was set at 8.340%

  •   Interest on the Class OM2 Floating Rate Notes for the
      interest period was set at 8.330%

  •   Interest on the Class A1 Floating Rate Notes for the
      interest period was set at 8.720%

  •   Interest on the Class A2 Floating Rate Notes for the
      interest period was set at 8.950%

  •   Interest on the Class A12 Floating Rate Notes for the
      interest period was set at 8.750%

  •   Interest on the Class A22 Floating Rate Notes for the
      interest period was set at 8.900%

  •   Interest on the Class A32 Fixed Rate Notes for the
      interest period was set at 9.450%

  •   Interest on the Class B1 Floating Rate Notes for the
      interest period was set at 9.150%
  •   Interest on the Class B2 Floating Rate Notes for the
      interest period was set at 9.100%

  •   Interest on the Class C1 Floating Rate Notes for the
      interest period was set at 9.850%

  •   Interest on the Class C2 Floating Rate Notes for the
      interest period was set at 9.650%

  •   Interest on the Class D1 Floating Rate Notes for the
      interest period was set at 10.850%

  •   Interest on the Class D2 Floating Rate Notes for the
      interest period was set at 10.650%

22 February 2023

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 22-02-2023 12:20:00
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