THE THEKWINI FUND 12 (RF) LIMITED - Partial Capital Redemption

Partial Capital Redemption

The Thekwini Fund 12 (RF) Limited

Instrument Code:     TH12A1   ISIN:   ZAG000120031
                     TH12A4   ISIN:   ZAG000121690
                     TH12A7   ISIN:   ZAG000123159
                     T12A10   ISIN:   ZAG000125766

Date: 16 February 2018

Partial Capital Redemption Announcement

In accordance with the Terms and Conditions of The Thekwini
Fund 12 (RF) Limited notes, relevant noteholders are advised
of the below partial redemption effective Tuesday, 21 February
2018.

Partial Redemption
                                                            Amount
  Stock                             Capital            Outstanding after
                   ISIN
  Code                         Redemption Amount            Capital
                                                          Redemption
  TH12A1     ZAG000120031        27    285    439.00     37 302 339.00
  TH12A4     ZAG000121690        27    187    991.00     37 169 116.00
  TH12A7     ZAG000123159        9    744    799.00      13 322 263.00
  T12A10     ZAG000125766        15    591    680.00     21 315 621.00

For further information please contact:
Mike Brunke
The Standard Bank of South Africa Limited
+27 11 721 8101

Debt Sponsor
The Standard Bank of South Africa Limited

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