LOMBARD INSURANCE COMPANY LIMITED - LOM01 - Notification of a Partial Capital Reduction of Listed Debt Securities

LOM01 - Notification of a Partial Capital Reduction of Listed Debt Securities

Lombard Insurance Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001253/06)
Company code: LIC
Bond Code: LOM01
ISIN: ZAG000121609
(“Lombard”)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Lombard’s ZAR 1 000 000 000.00 Unsecured Subordinated
Note Programme dated 17 November 2014, bondholders are herewith advised of the partial capital
reduction of the LOM01 notes, due to a repurchase of the listed debt securities by the Issuer.

Bond Code:                                                     LOM01
ISIN:                                                          ZAG000121609
Amount before Reduction:                                       ZAR 200 000 000.00
Reduction Amount:                                              ZAR 100 000 000.00
Amount after Reduction:                                        ZAR 100 000 000.00
Date Repurchase Settled / Pay Date:                            30 January 2019
Amount Paid Inclusive of Accrued Interest:                     ZAR 103 470 158.00
Interest Amount Paid:                                          ZAR 2 120 603.00
Coupon:                                                        11.908%
Interest period:                                               26 Nov 2018 to 30 Jan 2019

The effective date of the cancellation of the LOM01 notes is 1 February 2019.


31 January 2019

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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