THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - Listing of tap issue

Listing of tap issue

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Company code: BINRA
Bond code: NRA028
ISIN: ZAG000055997
(“SANRAL”)

LISTING OF TAP ISSUE

The JSE Limited has granted SANRAL the listing of its NRA028 Senior Unsecured Fixed Rate Notes,
in terms of its ZAR15 000 000 000 Domestic Medium Term Note Programme dated 25 February 2011
(“DMTN” or “Programme”).

 Instrument Code:                             NRA028
 ISIN No:                                     ZAG000055997
 Instrument Type:                             Fixed Rate Notes


 Nominal Amount before Tap Issue:             ZAR4,107,000,000.00
 Nominal Amount Issued:                       ZAR500,000,000.00
 Nominal Amount after Tap Issue:              ZAR4,607,000,000.00


 Issue Date:                                  22 February 2018
 Issue Price:                                 112.25611%
 Coupon Rate:                                 12.25% per annum payable semi-annually in arrear
 Coupon Rate Indicator:                       Fixed
 Interest Commencement Date:                  30 November 2017
 Interest Payment Date(s):                    31 May and 30 November
 First Interest Payment Date:                 31 May 2018
 Business Day Convention:                     Following Business Day
 Last Day to Register:                        By 17h00 on 20 May and 19 November
 Books Closed Period:                         From 21 May to 31 May and from 20 November to
                                              30 November (all dates inclusive)
 Maturity Date:                               30 November 2028
 Final Maturity Amount:                       100% of Nominal Amount
 Other terms and conditions:                  The pricing supplement does not contain any
                                              additional terms and conditions or changes to the
                                              terms and conditions as contained in the DMTN
 Summary of additional terms:                 Not applicable


 Programme Amount:                            ZAR15,000,000,000.00
 Total Notes in issue under the Programme:    ZAR11,060,000,000.00, including this issuance of
                                              Notes

The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.


20 February 2018

Debt Sponsor
One Capital

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