THE NITRO SECURITISATION 5 ISSUER TRUST - Full and partial capital redemption

Full and partial capital redemption

The Nitro Securitisation 5 Issuer Trust
(Incorporated in the Republic of South Africa)
(Master’s Reference No. IT022168/2014)
Company code: NIT
Bond code: N5C23 ISIN: ZAG000126855
Bond code: N5D23 ISIN: ZAG000126863
(“Nitro 5”)


FULL AND PARTIAL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of Nitro 5’s ZAR 2,457,000,000.00 Asset Backed Notes Offering
Circular dated 4 June 2015, investors are herewith advised of the full and partial capital redemptions of the
N5C23 and N5D23 notes.


Bond Code:                                                        N5C23
ISIN:                                                             ZAG000126855
Effective Date:                                                   20 December 2017
Amount before Reduction:                                          ZAR 98 921 000.00
Reduction Amount:                                                 ZAR 98 921 000.00
Amount after Reduction:                                           ZAR 0.00

Bond Code:                                                        N5D23
ISIN:                                                             ZAG000126863
Effective Date:                                                   20 December 2017
Amount before Reduction:                                          ZAR 252 000 000.00
Reduction Amount:                                                 ZAR 13 324 000.00
Amount after Reduction:                                           ZAR 238 676 000.00


The full and partial redemption is in line with the terms set out in the Nitro Securitisation 5 Issuer Trust Offering
Circular.



15 December 2017

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

Date: 15/12/2017 02:40:00 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.