BAYPORT SECURITISATION (RF) LTD - Supplement to the Programme Memorandum

Supplement to the Programme Memorandum

Bayport Securitisation (RF) Ltd                                         Transaction Capital Limited
(Incorporated with limited liability in the Republic of South Africa)   (Incorporated with limited liability in the Republic of South Africa)
(Registration number 2008/003557/06)                                    (Registration number 2002/031730/06)
(“Bayport Securitisation”)                                              JSE Share Code: TCP
                                                                        ISIN: ZAE000167391
                                                                        (“Transaction Capital”)


SUPPLEMENT TO THE PROGRAMME MEMORANDUM

On 20 May 2011, Bayport Securitisation registered a Programme Memorandum (the “Programme Memorandum”), to
launch its ZAR4,400,000, 000 Asset Backed Note Programme. The first, second and third supplements to the
Programme Memorandum were issued on 22 September 2011, 25 April 2012 and 31 July 2012 respectively.

A further supplement dated 28 June 2013 (the “Supplement”) has been issued for the purpose of increasing the
aggregate nominal amount the Programme from ZAR4.4 billion to ZAR10 billion with effect from 28 June 2013
whereupon all references to the current nominal amount of the Programme in the Programme Agreement, and any
other relevant documents will be deemed to have been amended accordingly.

The Supplement is supplemental to, and should be read in conjunction with the Programme Memorandum and the
first, second and third supplements referred to above.

The supplements and the Programme Memorandum are available for download from the Transaction Capital website
at http://www.transactioncapital.co.za/baysecdebt.aspx

For further information on the Notes issued please contact:
Mr Mark Herskovits (Transaction Capital) (011) 531 5391
Ms Natasha Hossain (Deutsche Bank AG Johannesburg Branch) (011) 775 7274


28 June 2013
Debt Sponsor
Deutsche Bank AG, Johannesburg Branch

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