The Nitro Securitisation 4 Issuer Trust - Result of Noteholders Meeting

Result of Noteholders Meeting

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

RESULT OF NOTEHOLDERS MEETING

Notice is hereby given, that following a meeting (“Meeting”) of all
the noteholders of the Nitro4 notes issued by the Company under the
Company’s Asset Backed Offering Circular (“Offering Circular”), held
on Tuesday 20 November 2012, the Terms and Conditions of the Notes
set out in the Programme Memorandum were amended pursuant to the
passing of the Extraordinary Resolutions by the holders of the Notes
at the Meeting.

It was resolved 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


21 November 2012

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

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