NITRO PROGRAMME (RF) LIMITED - NTPI - Notification of Full Capital Reductions of Listed Debt Securities and Interest Payments

NTPI - Notification of Full Capital Reductions of Listed Debt Securities and Interest Payments

Nitro Programme (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2018/453364/06)
Company code: NTPI
LEI: 3789009AE068A5525397
Bond Code: N7C25        ISIN: ZAG000159047
Bond Code: N7D25        ISIN: ZAG000159054
Bond Code: N7E25        ISIN: ZAG000159062
(“Nitro Programme” or the “Issuer”)


NOTIFICATION OF FULL CAPITAL REDUCTIONS OF LISTED DEBT SECURITIES AND INTEREST
PAYMENTS

NOTIFICATION OF FULL CAPITAL REDUCTIONS OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Nitro Programme’s ZAR 6 000 000 000.00 Asset
Backed Securities Programme Memorandum dated 25 April 2019 (the “Programme”), noteholders are
herewith advised of the full capital reductions of the N7C25, N7D25 and N7E25 notes (the “notes”).

Bond Code:                       N7C25
ISIN:                            ZAG000159047
Amount before Reduction:         ZAR 29 163 000.00
Reduction Amount:                ZAR 29 163 000.00
Amount after Reduction:          ZAR 0.00

Bond Code:                       N7D25
ISIN:                            ZAG000159054
Amount before Reduction:         ZAR 80 000 000.00
Reduction Amount:                ZAR 80 000 000.00
Amount after Reduction:          ZAR 0.00

Bond Code:                       N7E25
ISIN:                            ZAG000159047
Amount before Reduction:         ZAR 60 000 000.00
Reduction Amount:                ZAR 60 000 000.00
Amount after Reduction:          ZAR 0.00

Record Date:                     19 September 2023
Effective and Pay Date:          20 September 2023

The full capital reductions are due to the early redemption of the notes by the Issuer and is in line with
the terms and conditions set out in the Programme and as announced on SENS on 25 August 2023.


INTEREST PAYMENT NOTIFICATIONS

Noteholders are advised of the following interest payments due 20 September 2023:

Bond code:                       N7C25
ISIN:                            ZAG000159047
Coupon:                          11.292%
Interest amount due:             ZAR 830 038.10

Bond code:                       N7D25
ISIN:                            ZAG000159054
Coupon:                          12.542%
Interest amount due:             ZAR 2 529 016.99

Bond code:                       N7E25
ISIN:                            ZAG000159062
Coupon:                          13.692%
Interest amount due:             ZAR 2 070 680.55


Interest period:                 20 June 2023 to 19 September 2023
Payment date:                    20 September 2023
Date Convention:                 Modified Following Business Day


11 September 2023

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 11-09-2023 08:40:00
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