The Thekwini Fund 10 (RF) Limited – Amendment Announcement The Thekwini Fund 10 (RF) Limited – Amendment Announcement The Thekwini Fund 10 (RF) Limited – TH10A1, TH10A2, TH10A3, TH10B1, TH10C1, TH10D1 Dated: 22 October 2012 Stock Code: TH10A1, TH10A2, TH10A3, TH10B1, TH10C1, TH10D1 ISIN Code: ZAG000096108, ZAG000096124, ZAG000096132, ZAG000096090, ZAG000096116, ZAG000096082 Authorised Programme size R 4,000,000,000.00 Total notes issued R 1,800,000,000.00 (1) The definition of the “Class C Principal Lock-Out” has been corrected in The Thekwini Fund 10 (RF) Limited ZAR4 000 000 000 Asset Backed Note Programme. A First Supplement to the Programme Memorandum in respect of the ZAR4 000 000 000 Asset Backed Note Programme has been published on the websites www.jse.com and www.sahomeloans.com (2) Following the recent rating action by Moody’s Investor Services which impacted the global scale credit ratings of South Africa banking institutions, the Issuer will be amending certain rating triggers in some of the Transaction Documents. i. The required credit rating for the Guaranteed Investment Contract will be amended to “…Prime-1 or the Highest Short-Term Credit Rating…”; ii. The “First Rating Trigger Requirement” in the Schedule to the ISDA Master Agreement is reduced to “Baa1 or higher”; and iii. The “Second Rating Trigger Requirement” in the Schedule to the ISDA Master Agreement is reduced to “Baa2 or higher” (3) The rating agency has confirmed that these changes will not negatively affect the credit ratings of the Notes Further information on the Note issued please contact: Mike Brunke SBSA (Sponsor) (011) 378 8101 Email: mike.brunke@standardbank.co.za Date: 24/10/2012 10:25:00 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.