AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED - Availability of the Annual Financial Statements for the Period Ended 31 March 2023

Availability of the Annual Financial Statements for the Period Ended 31 March 2023

AGRARIUS SUSTAINABILITY ENGINEERED
(RF) LIMITED
Incorporated in the Republic of South Africa
with limited liability
(Registration Number: 2022/521382/06)
JSE Share Code: “AGRIA”
ISIN: ZAG000191214
LEI: 378900376E9ADF2BD166
(“Agrarius” or “the Company”)


AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS FOR THE PERIOD
ENDED 31 MARCH 2023 AND SUSTAINABILITY-LINKED SUKUK PROGRESS
REPORT


1. Availability of the annual financial statements

   Agrarius Sukuk holders are advised that the audited annual financial statements of
   the Company for the period ended 31 March 2023 (the “2023 Annual Financial
   Statements”) are available for inspection at the Company’s registered office at
   Firestation Rosebank, Fifth Floor, 16 Baker Street, Rosebank, Johannesburg, 2196.

   The 2023 Annual Financial Statements have also been made available on the
   Company’s website at: https://www.27four.com/agrarius-financial-statements/

   Agrarius Sukuk holders are further advised that KPMG’s audit report on the 2023
   Annual Financial Statements of the Company was unqualified, with no
   modifications applicable.

2. Sustainability-linked Sukuk progress report

   In accordance with paragraph 6.81(c) of the JSE Limited Debt Listings
   Requirements, the Company would like to update noteholders in terms of its asset
   backed note programme on the progress against key performance indicators
   (“KPIs”) on the secured, floating rate sustainability-linked asset backed notes,
   certified as Shariah compliant Sukuk.

   The information in this progress report has been verified by the Company’s
   independent sustainability advisor, IBIS ESG Consulting Africa (Pty) Ltd (“IBIS”),
   whose report is available for download from the Company’s website at:
   https://www.27four.com/agrarius-sustainability-report/

   In summary, in terms of IBIS’ verification report the Agrarius’ sustainability-linked
   Sukuk continued to comply with the ICMA principles and no changes to the Sukuk
   reporting and verification commitments have been introduced since the pre-
   issuance second party opinion (“SPO”) conclusion.

   The reviewed KPI performance as at 31 March 2023 is provided below.
   KPI #1: % of the portfolio (Rand value) certified with a third-party
   sustainability standard

        Value of Capital          Value of Capital         Percentage of Portfolio
           Deployed                  Certified                    Certified

        R 63 815 360,89             R 18 879 900,00                    30%

   As per the sustainability performance target (“SPT”) conditions outlined in the SPO,
   the first Target Date where performance will be assessed against the SPTs will be
   12 months post-capital deployment, which will be 1 November 2023.

The target set for this date is 40% of the portfolio (Rand value) certified with a third-
party sustainability standard.

Rosebank
31 July 2023

JSE Debt Officer
Johan Fourie
27four Investment Managers

JSE Debt Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 31-07-2023 05:40:00
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.