US PLUS LIMITED - Voluntary Announcement: Redemption and Issue of Notes

Voluntary Announcement: Redemption and Issue of Notes

Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
("UsPlus")


VOLUNTARY ANNOUNCEMENT: REDEMPTION AND ISSUE OF NOTES


Further to the voluntary announcement released on SENS on 7 December 2023 regarding the issue
of ZAR40,000,000 Unlisted Senior Secured Floating Rate Notes (USP06U Tranche 1) to ABSA
Alternative Asset Management Proprietary Limited ("AAM") under the US Plus Limited
ZAR1,000,000,000 Domestic Medium Term Note Programme ("Programme"), the board of directors
of UsPlus ("Board") hereby announces the redemption thereof on 30 June 2024, in the amount of
ZAR40,000,000.

In addition, the Board is pleased to announce a new issue of a further ZAR40,000,000 Unlisted Senior
Secured Floating Rate Notes (USP06U Tranche 2) to AAM under the Programme, bringing the total
Notes in issue to ZAR101,000,000. These Floating Rate Notes, which were issued on 30 June 2024,
will mature on 30 September 2024 unless redeemed or called at a prior date. UsPlus has the right to
redeem USP06U Tranche 2 and issue in its place a Senior Unsecured listed Note, subject to the JSE
Debt Listings Requirements and approval by the JSE.

The applicable pricing supplement is available from the following website:
https://www.usplus.world/bond-issuance/.


Johannesburg
2 July 2024

Debt Sponsor
Merchantec Capital

Date: 02-07-2024 12:09:00
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.