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SFN/SFNP - Sasfin Holdings Limited - Conclusion of long term funding transaction by Sasfin Sasfin Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 1987/002097/06) ("Sasfin" or "the Group") Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 CONCLUSION OF LONG TERM FUNDING TRANSACTION BY SASFIN 1. INTRODUCTION Sasfin shareholders are advised that Sasfin Bank Limited ("Sasfin Bank"), a wholly owned subsidiary of Sasfin has secured a joint term loan facility with Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanded N.V. ("FMO"); Deutsche Investitions-und Entwicklungsgesellschaft MBH ("DEG") and Societe de Promotion et de Participation Pour la Cooperation Economique ("Proparco")(collectively "DFI`s"). 2. TERMS AND CONDITIONS OF THE LOAN The loan facility is a senior unsecured 7 year term loan at market related rates and is repayable on an amortising basis. The size of the loan is broken down as follows: - FMO: ZAR 165,350,000 - DEG: ZAR 98,805,000 - Proparco: ZAR 98,805,000 3. RATIONALE The DFI`s are mandated to provide finance to borrowers in developing economies. As such, they align with Sasfin`s strong focus on providing loan finance for the Small and Medium Enterprise market. The loan and the strategic alignment between the DFI`s and Sasfin Bank forms a great opportunity to lay the foundation for a successful future partnership between all the participants. With this long term funding in place Sasfin Bank is gearing to meet the liquidity requirements which are expected to be prescribed by the Basel Accord in terms of Basel lll on all banks, and will allow Sasfin Bank to continue to grow its advances. Johannesburg 21 December 2011 Joint Sponsor Sasfin Capital (A division of Sasfin Bank Limited) Lead Sponsor KPMG Services Proprietary Limited Date: 21/12/2011 12:00:22 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.
