THE THEKWINI FUND 12 (RF) LIMITED - Partial Capital Redemption

Partial Capital Redemption

The Thekwini Fund 12 (RF) Limited

Instrument Code:      TH12A1   ISIN:   ZAG000120031
                      TH12A4   ISIN:   ZAG000121690
                      TH12A7   ISIN:   ZAG000123159
                      T12A10   ISIN:   ZAG000125766

Date: 18 May 2016

Partial Capital Redemption Announcement

In accordance with the Terms and Conditions of The Thekwini
Fund 12 (RF) Limited notes, relevant noteholders are advised
of the below partial redemption effective Monday, 23 May 2016.

                                                               Amount
  Stock                              Capital             Outstanding after
                    ISIN
  Code                          Redemption Amount             Capital
                                                            Redemption
  TH12A1     ZAG000120031        R   43   379   146.00   R 236 620 854.00
  TH12A4     ZAG000121690        R   43   224   220.00   R 235 775 780.00
  TH12A7     ZAG000123159        R   15   492   552.00    R 84 507 448.00
  T12A10     ZAG000125766        R   24   788   084.00   R 135 211 916.00

For further information please contact:
Mike Brunke         The Standard Bank of South Africa Limited
+27 11 721 8101

Debt Sponsor
The Standard Bank of South Africa Limited

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