SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED - Noteholder Notice and Request for Written Approval

Noteholder Notice and Request for Written Approval

South African Securitisation Programme (RF) Limited
(Registration No: 1991/002706/06)
Formerly called South African Securitisation Programme (Proprietary)
Limited
(with registration number 1991/002706/07)
(“South African Securitisation Programme”)
Incorporated with limited liability in the Republic of South Africa

NOTEHOLDER NOTICE AND REQUEST FOR WRITTEN APPROVAL

  1. We refer to the Programme Memorandum dated on or about 12 August
     2015 establishing the South African Securitisation Programme
     (RF) Limited ZAR5 billion Multi-Seller Segregated Asset Backed
     Note Programme (the "Programme"), as supplemented by the Series
     Supplement dated on or about 12 August 2015 relating to Series 1
     ("Equipment Rental Securitisation Series") ("Series 1") under
     the Programme (as amended on or about 28 January 2016) (the
     "Series 1 Supplement").
  2. This request for written approval (the "Approval Request") is
     delivered by South African Securitisation Programme (RF) Limited
     (the "Issuer") to each holder of Note(s) issued under Series 1
     (the "Series 1 Noteholders"), for the purposes of obtaining the
     Series 1 Noteholders’ approval in respect of the proposed
     amendment of the Series 1 Supplement, on the basis set out in
     the draft second supplement to the Series 1 Supplement.
  3. In accordance with Condition 22.2 of the Terms and Conditions as
     read with paragraph 6.56 of the Debt Listings Requirements, we
     hereby request that the Series 1 Noteholders approve the
     Proposed Amendments by completing and signing the extraordinary
     written resolution and delivering same to the relevant CSD Participant and to Sasfin
     Bank Limited by no later than 20 Business Days from the date
     hereof in accordance with the terms of the extraordinary written
     resolution.
  4. We confirm that the Proposed Amendments have been approved in
     writing by the Series Security SPV.
  5. The Supplement to the Series 1 Supplement will be made available
     on the Series Manager's website (on behalf of the Issuer) at
     www.sasfin.co.za and on the JSE’s website at www.jse.co.za.

For further information please contact:

Mr. Dhesegan Govender (Sasfin Bank Limited)   (011) 809 7892

Waverley
30 April 2021
Debt Sponsor
Sasfin Bank Limited

Date: 30-04-2021 12:30:00
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