LOMBARD INSURANCE COMPANY LIMITED - LOM03 and LOM04 - Listing of New Financial Instruments

LOM03 and LOM04 - Listing of New Financial Instruments

Lombard Insurance Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001253/06)
Company code: LIC
Bond Code: LOM03        ISIN: ZAG000164328
Bond Code: LOM04        ISIN: ZAG000164336
(“Lombard”)

LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted Lombard the listing of its Unsecured Subordinated Floating Rate Notes, in terms
of its Unsecured Subordinated Note Programme (“the Programme”) dated 17 November 2014, effective 25
November 2019.

Debt Security Code:                         LOM03
ISIN:                                       ZAG000164328
Nominal Issued:                             ZAR 100 000 000.00
Coupon Rate:                                3 Month JIBAR plus 390 basis points
Maturity Date:                              25 November 2024

Debt Security Code:                         LOM04
ISIN:                                       ZAG000164336
Nominal Issued:                             ZAR 100 000 000.00
Coupon Rate:                                3 Month JIBAR plus 410 basis points
Maturity Date:                              25 May 2025


Type of Debt Security:                      Floating Rate Notes
Issue Date:                                 25 November 2019
Issue Price:                                100%
Interest Commencement Date:                 25 November 2019
Interest Determination Date(s):             25 February, 25 May, 25 August and 25 November of each year
                                            until the maturity date, with the first interest determination
                                            date being 20 November 2019
First Interest Payment Date:                25 February 2020
Interest Payment Date(s):                   25 February, 25 May, 25 August and 25 November of each year
                                            until the maturity date
Last Day to Register:                       By 17h00 on 14 February, 14 May, 14 August and 14 November
                                            of each year until the maturity date
Books Close:                                15 February, 15 May, 15 August and 15 November of each year
                                            until the maturity date
Business Day Convention:                    Following Business Day
Final Redemption Amount:                    ZAR 100 000 000.00
Other:                                      The pricing supplements do not contain additional terms and
                                            conditions or changes to the terms and conditions as contained
                                            in the Programme
Summary of Additional Terms:                Not Applicable

Programme Amount:                           ZAR 1 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 200 000 000.00, exclusive of these issuances of notes
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank
                                            division
The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of the JSE Rules.

22 November 2019

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

Date: 22/11/2019 01:12:00
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