RAND WATER BOARD - Tap Issue Announcement

Tap Issue Announcement

RAND WATER BOARD
(Rand Water is established in terms of the Water Services Act,
1997 (the “Act”). The Government of the Republic of South
Africa, through the Department of Water and Sanitation and duly
represented by the Minister of Water and Sanitation, is the sole
shareholder of Rand Water.   In terms of the Act, Rand Water's
primary activity is the provision of bulk water supply services
(potable bulk water and sanitation services) within the
predetermined service area.)

Instrument code: RW23
ISIN: Z AG000111246
(“Rand Water”)

Dated: 29 June 2015

Tap Issue Announcement

The JSE Limited has granted approval to Rand Water for a tap
issue in respect of 9.51% Senior Unsecured Fixed Rate Notes
under its Domestic Medium Term Note Programme dated 9 December
2010, as amended and/or supplemented from time to time.

Full Note details are as follows:

Authorised Programme size            R5,000,000,000.00
Stock Code:                          RW23
Aggregate Nominal Amount: Series:    ZAR916,000,000.00
Aggregate Nominal Amount: Tranche:   ZAR380,000,000.00
Coupon Indicator:                    Fixed Rate
Fixed Interest Rate:                 9.51%
Issue Price:                         99.7126% of the aggregate
                                     Nominal Amount of the
                                     Additional RW23 Notes plus a
                                     premium equal to the Accrued
                                     Interest
Maturity Date:                       10 December 2023
First Interest Payment Date:         10 June 2015
Interest Payment Dates:              10 June and 10 December in
                                     each year up to and including
                                     the Maturity Date
Books Close:                         The Register will be closed
                                     from 31 May to 9 June and
                                     from 30 November to 9
                                     December in each year until
                                     the Maturity Date
Last day to register:                by 17h00 on 30 May and 29
                                     November of each year
Interest Commencement Date:          10 June 2015
Issue Date/Settlement:               30 Jun 2015

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

Johannesburg
29 June 2015

Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the Notes issued please contact:
Zoya Sisulu              SBSA                (011) 721 6032

Lucky Ncobela             Rand Water             (011) 682 0318

Rand Water information:
522 Impala Road, Glenvista, 2058, Johannesburg, Gauteng, South
Africa
PO Box 1127, Johannesburg, 2000
Tel: +27 11 682 0318
Fax: +27 11 682 0673
www.randwater.co.za

Date: 29/06/2015 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.