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BIBAY - Bayport Securitisation (RF) Ltd - R500 million Warehousing Facility to

Release Date: 06/09/2011 17:00
Code(s): JSE
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BIBAY - Bayport Securitisation (RF) Ltd - R500 million Warehousing Facility to be provided by The Standard Bank of South Africa Limited and change of name of Bayport Securitisation Bayport Securitisation (RF) Ltd (Incorporated with limited liability in the Republic of South Africa) (Registration number M2008/003557/06) Formerly called Bayport Securitisation (Proprietary) Limited (with registration number 2008/003557/07) ("Bayport Securitisation") R500 million Warehousing Facility to be provided by The Standard Bank of South Africa Limited ("SBSA") and change of name of Bayport Securitisation Bayport Securitisation has concluded a warehousing facility agreement with SBSA in terms of which it will utilise the facility up to a limit of R500 million to purchase loan claims from the originator, Bayport Financial Services 2010 (Pty) Limited (the "Transaction"). Subsequent to this Transaction, the A(RSA) credit rating of the Class A notes currently in issue has been confirmed by Global Credit Ratings. SBSA acted as lead arranger and underwriter for this facility. Due to the changes introduced by the Companies Act, No.71 of 2008, it became necessary for Bayport Securitisation to convert from a private company to a public company to enable Bayport Securitisation to offer Notes under the Programme to the public and to allow transferability of such securities. It was also necessary to draw specific notice to the special conditions setting out restrictive conditions in the constitutional documents of Bayport Securitisation in its Notice of Incorporation and insert the designation "RF" in the name of Bayport Securitisation. The permission of the Noteholders to make the necessary changes was sought and was obtained during July 2011 and the change of name became effective on 1 September 2011. For further information please contact: Mr Mark Herskovits (Transaction Capital) (011) 531 5391 6 September 2011 Date: 06/09/2011 17:00:02 Supplied by www.sharenet.co.za 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.

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