Sharenet Sites 
Sharenet Sites
NTPI - Notice to Noteholders in Respect of the Early Redemption of the Notes, Pursuant to the Exercise by the Issuer
Nitro Programme (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2018/453364/06)
Company code: NTPI
LEI: 3789009AE068A5525397
(“Nitro Programme” or the “Issuer”)
NOTICE TO NOTEHOLDERS IN RESPECT OF THE EARLY REDEMPTION OF THE NOTES, PURSUANT TO THE
EXERCISE BY THE ISSUER OF THE CLEAN-UP CALL OPTION
The Issuer hereby notifies each Noteholder that it has elected to exercise its option to early redeem all the
Class C secured Floating Rate Notes due 20 June 2025, the Class D secured Floating Rate Notes due 20 June
2025 and the Class E secured Floating Rate Notes due 20 June 2025 (collectively, the “Notes”) at their
Outstanding Principal Amounts (together with accrued interest thereon), pursuant to Condition 7.3.1 (Clean-Up
Call Option) of the Terms and Conditions of the Notes, on the Interest Payment Date falling on 20 September
2023.
The Issuer confirms that (i) it is in Sequential Payment Mode, and (ii) it has provided to the Security Trust a
certificate signed by 2 trustees of the Issuer to the effect that it will have sufficient funds, not subject to any
interest of any other person, to early redeem all the Notes as set out above.
A further announcement will be released containing the details of the Outstanding Principal Amounts together
with the accrued interest payable to Noteholders.
This notice to Noteholders was also delivered to Strate (Proprietary) Limited in accordance with Condition 7.3.1
of the Terms and Conditions of the Notes.
Terms used but not otherwise defined in this announcement will bear the same meaning as given to them in
the Terms and Conditions of the Issuer’s ZAR 6 000 000 000 Asset Backed Securities Programme Memorandum
dated 25 April 2019.
25 August 2023
Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 25-08-2023 01:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
