JSE LIMITED - The Nitro Securitisation 4 Issuer Trust - BINTR - Notice of meeting of noteholders

The Nitro Securitisation 4 Issuer Trust - BINTR - Notice of meeting of noteholders

Nitro Securitisation 4 Issuer Trust
(Incorporated in the Republic of South Africa)
(Master’s Reference No. IT1501/2011)
Company code: BINTR
(“Nitro 4”)

NOTICE OF MEETING OF NOTEHOLDERS

In accordance with Condition 18 (Notices) of the terms and conditions
(the “Terms and Conditions”) in the Offering Circular dated 25 August
2011 prepared by the Issuer in connection with the issuance of an
aggregate amount of ZAR4,000,000,000 Asset Backed Notes (the
“Notes”), notice is hereby given by the Issuer to the Noteholders
that a meeting of Noteholders will be held at 18th Floor, 1 Merchant
Place, cnr Fredman Drive and Rivonia Road, Sandton, South Africa, on
20 November 2012, at 09h00 for the purpose of considering and, if
thought fit, of passing with or without modification in the manner
required for the passing of a resolution in terms of Condition 19.3
of the Terms and Conditions, the following resolution:

AS EXTRAORDINARY RESOLUTION NO. 1

   THAT the Terms and Conditions be and are hereby amended by the
   amendment of the definition of “Required Credit Rating” so as to
   remedy the current breach of the Terms and Conditions of the
   Notes as a result of a downgrade by Moody’s Investor Services of
   FirstRand Bank Limited.

   The proposed amendment is contained in the Supplement to the
   Offering Circular.

A Noteholder entitled to attend and vote at the meeting is
entitled to appoint one or more proxies to attend and vote in
his stead.


30 October 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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