INDWA INVESTMENTS LIMITED - Listing of tap issue - INA451

Listing of tap issue - INA451

iNdwa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2002/013434/06)
ISIN: ZAG000121583
(“iNdwa”)

LISTING OF TAP ISSUE

The JSE Limited has granted iNdwa Investments Limited the listing of
its INA451 Secured Zero Coupon Notes, in terms of its 15,000,000,000
Asset Backed Hybrid Commercial Paper Programme dated 23 May 2003.

INSTRUMENT TYPE:               Zero Coupon Notes
Total Notes in Issue:          R3,102,000,000.00 (inclusive of this
                               Issue)

Instrument Code:               INA451
Nominal Issued:                R150,000,000.00
Issue Price:                   99.750137%
Total INA451 Notes in Issue:   R450,000,000.00
Coupon Rate Indicator:         Zero Coupon
Issue Date:                    02 December 2014
Interest Commencement Date:    02 December 2014
Last day to register:          By 17h00 on 11 December 2014
Books Close:                   12 December 2014
First Interest Payment Date:   17 December 2014
Maturity Date:                 17 December 2014
ISIN:                          ZAG000121583
Business Day Convention:       Modified Following Business Day

Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited


The Notes will be immobilised in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.

1 December 2014

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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