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 8 September 2016 relating to Series
     3 ("SASP Lease and Rentals Series") ("Series 3") under the
     Programme (the "Series 3 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 3
     (the "Series 3 Noteholders"), for the purposes of obtaining the
     Series 3 Noteholders’ approval in respect of the proposed
     amendment of:
       a. the Series 3 Supplement, on the basis set out in the
          supplement to the Series 3 Supplement; and
       b. the Series Subordinated Loan Agreement, on the basis set out
          in the addendum to the Series Subordinated Loan Agreement,
  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 3 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 3 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 and
     the Addendum to the Series Subordinated Loan Agreement will be
     made available on the Series Manager's website (on behalf of the
     Issuer) at www.sasfin.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 12:53:00
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