SHISA INVESTMENTS PROPRIETARY LIMITED - SHI02 - Notification of a Full Capital Reduction of Listed Debt Securities

SHI02 - Notification of a Full Capital Reduction of Listed Debt Securities

Shisa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2002/006440/06)
Company code: BISH
Bond code: SHI02
ISIN: ZAG000035627
(“Shisa” of “the Issuer”)


NOTIFICATION OF A FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the terms and conditions of the Issuer’s ZAR 20 000 000 000 Domestic Medium Term
Note Programme dated 15 September 2006, bondholders are herewith advised of the full capital reduction
of the SHI02 note.

Bond code:                                                   SHI02
ISIN:                                                        ZAG000035627
Record date:                                                 27 November 2018
Early redemption date:                                       7 December 2018
Nominal amount before reduction:                             ZAR 1 267 947 318.00
Reduction in nominal amount:                                 ZAR 1 267 947 318.00
Nominal amount after reduction:                              ZAR 0.00
Settlement amount:                                           ZAR 0.00, the Issuer will transfer
                                                             government bonds or explicitly guaranteed
                                                             government bonds, settled free of payment,
                                                             with a value equal to the Note PV (as
                                                             defined in the Pricing Supplement) to the
                                                             investor as full and final settlement of the
                                                             amounts due under the Note. The
                                                             government bonds or explicitly guaranteed
                                                             government bonds to be transferred will be
                                                             announced on or after 4 December 2018.

The full capital reduction is due to the exercise of the early redemption option by the noteholder of the
listed debt securities of the issuer.


27 November 2018

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

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