PC2 - Private Commercial Mortgages (PTY) LIMITED - Interest rate reset

PC2 - Private Commercial Mortgages (PTY) LIMITED - Interest rate reset          
PRIVATE COMMERCIAL MORTGAGES (PTY) LIMITED                                      
JSE Code: PC2                                                                   
ISIN No:  ZAG000062449                                                          
PC2A4          6.775% p.a. (120bps over 5.575%) for the period 20 June 2011 to  
              20 September 2011, payable on 20 September 2011.  Next reset: 20  
              September 2011                                                    
PC2B4          7.325% p.a. (175bps over 5.575%) for the period 20 June 2011 to  
              20 September 2011,payable on 20 September 2011.  Next reset: 20   
              September 2011                                                    
PC2C4          7.825% p.a. (225bps over 5.575%) for the period 20 June 2011 to  
20 September 2011,payable on 20 September 2011.  Next reset: 20   

              September 2011                                                    
PC2D4          10.075% p.a. (450bps over 5.575%) for the period 20 June 2011 to 
              20 September 2011,payable on 20 September 2011.  Next reset: 20   
September 2011                                                    

JIBAR rates as at 20 June 2011:                                                 
    1 Month 5.500%                                                              
    3 Month 5.575%                                                              
6 Month 5.810%                                                              
* When the Interest Payment Date falls on a non business day one of the         
following Date Conventions will be applied, as specified for each individual    
bond:                                                                           
1    Following - This means that the interest will be paid on the first business
    day after the weekend or public holiday.                                    
2    Modified Following - The same rule as above applies. However, if the first 
    business day after the weekend or public holiday falls in a new calendar    
month the last business day before the weekend / public holiday will be     
    used instead.                                                               
3    Preceding - This means that the interest will be paid on the last business 
    day before the weekend or public holiday.                                   
Date 20 June 2011                                                               
Sponsor                                                                         
Investec Bank Limited                                                           
Date: 20/06/2011 12:52:01 Supplied by www.sharenet.co.za                     
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