THE THEKWINI FUND 13 (RF) LIMITED - Interest Rate Reset

Interest Rate Reset

The Thekwini Fund 13 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2014/064933/06)
Instrument Code: TH13A1 ISIN: ZAG000129099
Instrument Code: TH13A2 ISIN: ZAG000129107
Instrument Code: TH13A3 ISIN: ZAG000129115
Instrument Code: TH13A4 ISIN: ZAG000129123
Instrument Code: TH13A5 ISIN: ZAG000131616
Instrument Code: TH13A6 ISIN: ZAG000131624
Instrument Code: TH13A7 ISIN: ZAG000131632
Instrument Code: TH13A8 ISIN: ZAG000131640
Instrument Code: TH13A9 ISIN: ZAG000133901
Instrument Code: T13A10 ISIN: ZAG000133919
Instrument Code: T13A11 ISIN: ZAG000133927
Instrument Code: T13A12 ISIN: ZAG000133935
Instrument Code: TH13B1 ISIN: ZAG000129131
Instrument Code: TH13B2 ISIN: ZAG000131657
Instrument Code: TH13B3 ISIN: ZAG000133943
Instrument Code: TH13C1 ISIN: ZAG000129149
Instrument Code: TH13C2 ISIN: ZAG000131665
Instrument Code: TH13C3 ISIN: ZAG000133950
Instrument Code: TH13D1 ISIN: ZAG000129156
Instrument Code: TH13D2 ISIN: ZAG000131673
Instrument Code: TH13D3 ISIN: ZAG000133968

The Thekwini Fund 13 (RF) Limited Interest rate reset

Please note, for the interest period from and including 23 May
2016 to, but excluding, 22 August 2016, the interest rates for
The Thekwini Fund 13 (RF) Limited Notes will be as follows:

     R 123,750,000.00 Class A1 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000129099; Bond Exchange Listing Code TH13A1)
     R 90,000,000.00 Class A2 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000129107; Bond Exchange Listing Code TH13A2)
     R 216,000,000.00 Class A3 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000129115; Bond Exchange Listing Code TH13A3)
     R 56,000,000.00 Class A4 Secured Fixed Rate Notes due 21
      August 2050 (the Class A Notes) (ISIN No. ZAG000129123;
      Bond Exchange Listing Code TH13A4)*
     R 87,545,454.00 Class A5 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000131616; Bond Exchange Listing Code TH13A5)
     R 119,000,000.00 Class A6 Secured Floating Rate Notes due
      21 August 2050 (the Class A Notes) (ISIN No.
      ZAG000131624; Bond Exchange Listing Code TH13A6)
   R 228,000,000.00 Class A7 Secured Floating Rate Notes due
    21 August 2050 (the Class A Notes) (ISIN No.
    ZAG000131632; Bond Exchange Listing Code TH13A7)
  R 332,000,000.00 Class A8 Secured Fixed Rate Notes due 21
    August 2050 (the Class A Notes) (ISIN No. ZAG000131640;
    Bond Exchange Listing Code TH13A8)*
  R 103,500,000.00 Class A9 Secured Floating Rate Notes due
    21 August 2050 (the Class A Notes) (ISIN No.
    ZAG000133901; Bond Exchange Listing Code TH13A9)
  R 295,000,000.00 Class A10 Secured Floating Rate Notes
    due 21 August 2050 (the Class A Notes) (ISIN No.
    ZAG000133919; Bond Exchange Listing Code T13A10)
  R 171,000,000.00 Class A11 Secured Floating Rate Notes
    due 21 August 2050 (the Class A Notes) (ISIN No.
    ZAG000133927; Bond Exchange Listing Code T13A11)
  R 67,000.00 Class A12 Secured Fixed Rate Notes due 21
    August 2050 (the Class A Notes) (ISIN No. ZAG000133935;
    Bond Exchange Listing Code T13A12)*
  R 60,000,000.00 Class B1 Secured Floating Rate Notes due
    21 August 2050 (the Class B Notes) (ISIN No.
    ZAG000129131; Bond Exchange Listing Code TH13B1)
  R 50,000,000.00 Class B2 Secured Floating Rate Notes due
    21 August 2050 (the Class B Notes) (ISIN No.
    ZAG000131657; Bond Exchange Listing Code TH13B2)
  R 20,000,000.00 Class B3 Secured Floating Rate Notes due
    21 August 2050 (the Class B Notes) (ISIN No.
    ZAG000133943; Bond Exchange Listing Code TH13B3)
  R 40,000,000.00 Class C1 Secured Floating Rate Notes due
    21 August 2050 (the Class C Notes) (ISIN No.
    ZAG000129149; Bond Exchange Listing Code TH13C1)
  R 31,000,000.00 Class C2 Secured Floating Rate Notes due
    21 August 2050 (the Class C Notes) (ISIN No.
    ZAG000131665; Bond Exchange Listing Code TH13C2)
  R 28,000,000.00 Class C3 Secured Floating Rate Notes due
    21 August 2050 (the Class C Notes) (ISIN No.
    ZAG000133950; Bond Exchange Listing Code TH13C3)
  R 15,000,000.00 Class D1 Secured Floating Rate Notes due
    21 August 2050 (the Class D Notes) (ISIN No.
    ZAG000129156; Bond Exchange Listing Code TH13D1)
  R 26,000,000.00 Class D2 Secured Floating Rate Notes due
    21 August 2050 (the Class D Notes) (ISIN No.
    ZAG000131673; Bond Exchange Listing Code TH13D2)
  R 17,000,000.00 Class D3 Secured Floating Rate Notes due
    21 August 2050 (the Class D Notes) (ISIN No.
    ZAG000133968; Bond Exchange Listing Code TH13D3)
(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 23 May 2016 to, but
excluding, 22 August 2016) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 7.300% on
23 May 2016.

    Interest on the   Class A1 Floating Rate Notes for the
     interest period   was set at 8.470%
   Interest on the    Class A2 Floating Rate Notes for the
     interest period   was set at 8.690%
   Interest on the    Class A3 Floating Rate Notes for the
     interest period   was set at 9.050%
   Interest on the    Class A4 Fixed Rate Notes for the
     interest period   was set at 9.320%
   Interest on the    Class A5 Floating Rate Notes for the
     interest period   was set at 8.480%
   Interest on the    Class A6 Floating Rate Notes for the
     interest period   was set at 8.700%
   Interest on the    Class A7 Floating Rate Notes for the
     interest period   was set at 9.100%
   Interest on the    Class A8 Fixed Rate Notes for the
     interest period   was set at 9.630%
   Interest on the    Class A9 Floating Rate Notes for the
     interest period   was set at 8.550%
   Interest on the    Class A10 Floating Rate Notes for the
     interest period   was set at 8.900%
   Interest on the    Class A11 Floating Rate Notes for the
     interest period   was set at 9.270%
   Interest on the    Class A12 Fixed Rate Notes for the
     interest period   was set at 10.430%
   Interest on the    Class B1 Floating Rate Notes for the
     interest period   was set at 9.500%
   Interest on the    Class B2 Floating Rate Notes for the
     interest period   was set at 9.510%
   Interest on the    Class B3 Floating Rate Notes for the
     interest period   was set at 9.800%
   Interest on the    Class C1 Floating Rate Notes for the
     interest period   was set at 10.200%
   Interest on the    Class C2 Floating Rate Notes for the
     interest period   was set at 10.280%
   Interest on the    Class C3 Floating Rate Notes for the
     interest period   was set at 10.300%
   Interest on the    Class D1 Floating Rate Notes for the
     interest period   was set at 13.500%
   Interest on the    Class D2 Floating Rate Notes for the
     interest period   was set at 13.500%
   Interest on the    Class D3 Floating Rate Notes for the
     interest period   was set at 13.800%
*Fixed note interest   is paid semi-annually.
23 May 2016

Debt Sponsor
The Standard Bank of South Africa Limited

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