SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED - Notice of Issuance of Notes pursuant to a refinancing option

Notice of Issuance of Notes pursuant to a refinancing option

South African Securitisation Programme (RF) Limited
Registration No: 1991/002706/06
Incorporated with limited liability in the Republic of South Africa

SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED ZAR5 000 000 000
MULTI-SELLER SEGREGATED ASSET BACKED NOTE PROGRAMME SERIES 1: NOTICE
OF ISSUANCE OF NOTES PURSUANT TO A REFINANCING OPTION EXERCISED IN
TERMS OF SERIES CONDITION 2.2.2.1

  1. Capitalised terms used but not defined herein shall bear the
     meaning ascribed to them in the Series 1 Supplement issued by
     South African Securitisation Programme (RF) Limited on or about
     12 August 2015, as amended or supplemented from time to time.

  2. In terms of Series Condition 2.2.2.1, the Issuer is entitled,
     subject to the Series Seller's prior written consent and upon
     written notice to the Noteholders, to issue one or more
     Tranche(s) of Notes pursuant to a Refinancing Option during the
     Refinancing Period in order to redeem all, but not some only, of
     the Refinanced Notes.

  3. We hereby give notice of the issuance on 19 May 2025 of the
     following Tranches of Notes pursuant to a Refinancing Option
     exercised in accordance with Series Condition 2.2.2.1:

      3.1. Tranche 54 of Series 1 ("Equipment Rental Securitisation
           Series") of the Notes, comprising ZAR417 000 000 Class
           A33 Notes (to be listed on the Interest Rate Market of
           the JSE);

      3.2. Tranche 55 of Series 1 ("Equipment Rental Securitisation
           Series") of the Notes, comprising ZAR56 000 000 Class B11
           Notes (to be listed on the Interest Rate Market of the
           JSE);

       3.3. Tranche 56 of Series 1 ("Equipment Rental Securitisation
            Series") of the Notes, comprising ZAR27 000 000 Class C11
            Notes (to be listed on the Interest Rate Market of the
            JSE); and

       3.4. Tranche 57 of Series 1 ("Equipment Rental Securitisation
           Series") of the Notes, comprising ZAR100 000 000 Class
           A34 Notes (to be listed on the Interest Rate Market of
           the JSE).
  4. We confirm that the Series Seller's written consent has been
     obtained in accordance with Series Conditions 2.1.1.19 and
     2.2.2.1.

  5. KPMG furnished a report during August 2015 pursuant to
     paragraphs 15(1)(a)(ii) and 16(2)(a)(vii) of the Securitisation
     Regulations in relation to Series 1, as outlined in the Series 1
     Supplement and the Applicable Pricing Supplements issued under
     Series 1. We confirm that no subsequent Auditor's report has
     been furnished in terms of paragraphs 15(1)(a)(ii) and
     16(2)(a)(vii) of the Securitisation Regulations.

For further information please contact:

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


19 May 2025

Debt Sponsor
Sasfin Bank Limited

Date: 19-05-2025 11:30:00
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