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Availability of the Annual Financial Statements for the Period Ended 31 March 2024
AGRARIUS SUSTAINABILITY ENGINEERED (RF)
LIMITED
Incorporated in the Republic of South Africa with
limited liability
(Registration Number: 2022/521382/06)
JSE Alpha Code: "AGRIA1"
ISIN: ZAG000191214
JSE Alpha Code: "AGRIB1"
ISIN: ZAG000202797
LEI: 378900376E9ADF2BD166
("Agrarius" or "the Company")
AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 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 2024 (the "2024 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 2024 Annual Financial Statements have also been made available on the Company's website at:
https://www.27four.com/wp-content/uploads/2024/07/Agrarius-Sustainability-Engineered-RF-Ltd-2024-AFS-IFRS-
V25-31.07.20.pdf
Agrarius Sukuk holders are further advised that KPMG's audit report on the 2024 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 updated on 26 January 2024.
The reviewed KPI performance as at 31 March 2024 is provided below:
KPI #1: % of the portfolio (Rand value) certified with a third-party sustainability standard
Month Total Value Total Total Weighted Time
Capital Certified Undeployed Certified and Certified Weighted
Deployed Value Uncertified (%) (%)
Value
Oct 2022 103 878 639,00 103 878 639,00 396 121 361,00 500 000 000,00 21% 1%
Nov 2022 124 597 389,00 124 597 389,00 375 402 611,00 500 000 000,00 25% 1%
Dec 2022 124 597 389,00 124 597 389,00 375 402 611,00 500 000 000,00 25% 1%
Jan 2023 124 597 389,00 124 597 389,00 375 402 611,00 500 000 000,00 25% 1%
Feb 2023 130 597 389,00 130 597 389,00 369 402 611,00 500 000 000,00 26% 1%
Mar 2023 167 693 999,89 152 693 999,89 332 306 000,11 500 000 000,00 31% 2%
Apr 2023 184 872 921,86 169 872 921,86 315 127 078,14 500 000 000,00 34% 2%
May 2023 199 419 833,30 184 419 833,30 300 580 166,70 500 000 000,00 37% 2%
Jun 2023 324 773 244,15 299 692 438,57 175 226 755,8 500 000 000,00 60% 3%
Jul 2023 338 181 042,24 313 100 236,66 161 818 957,76 500 000 000,00 63% 4%
Aug 2023 369 782 156,34 344 701 350,76 130 217 843,66 500 000 000,00 69% 4%
Sept 2023 313,395,177.13 92,832,577.71 66,671,515.91 480,066,693.04 61% 3%
Oct 2023 286,907,419.01 66,618,589.88 94,731,822.57 481,639,241.58 55% 3%
Nov 2023 262,072,230.83 46,539,517.93 25,800,072.92 487,872,303.75 51% 3%
Dec 2023 276,811,522.26 61,278,809.36 16,049,940.56 492,861,462.82 53% 3%
Jan 2024 281,339,664.66 65,806,951.77 09,813,475.60 491,153,140.26 54% 3%
Feb 2024 856,493,979.93 40,961,267.04 66,110,013.20 1,022,603,993.13 82% 5%
Mar 2024 900,267,069.66 84,734,356.76 04,768,227.59 1,005,035,297.25 88% 5%
Total 48%
As per the Sustainability Performance Target ("SPT") conditions outlined in the SPO, the targets set for the period
of post 12 – 24 months deployment is between 30% - 45% of the portfolio (Rand value) certified with a third-party
sustainability standard.
Therefore, Agrarius has already exceeded the target for 12 - 24 months post-capital deployment, with 48% of the
portfolio certified as at 31 March 2024 (within 18 months of the issuance date).
Rosebank
31 July 2024
JSE Debt Officer
Johan Fourie
27four Investment Managers
JSE Debt Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 31-07-2024 05:34:00
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