The Thekwini Fund 9 (Proprietary) Limited – Moody’s Rating Action The Thekwini Fund 9 (Proprietary) Limited – Moody’s Rating Action Date: 7 December 2012 The Thekwini Fund 9 (Proprietary) Limited Stock Code: THE9B1, THE9C1, THE9B2, THE9C2, THE9B3, THE9C3 ISIN Code: ZAG000087107, ZAG000087115, ZAG000089442, ZAG000089459, ZAG000092875, ZAG000092883 Authorised Programme size R4,000,000,000 Total notes issued R3,197,800,000 Sponsor: Standard Bank MOODY’S INVESTOR SERVICE TAKES RATING ACTIONS ON THE9B1, THE9C1, THE9B2, THE9C2, THE9B3 and THE9C3 ISSUED BY THE THEKWINI FUND 9 (PROPRIETARY) LIMITED (“THEKWINI 9”). Moody’s yesterday downgraded the Thekwini 9 Class B1 Notes (THE9B1), Class B2 Notes (THE9B2) and Class B3 Notes (THE9B3) from A2.za to A3.za (stable) and the Class C1 Notes (THE9C1), Class C2 Notes (THE9C2) and Class C3 Notes (THE9C3) from Baa3.za to Ba1.za (stable). A full statement can be found at the following address http://www.moodys.com/research/Moodys-review-of-South-African- RMBS-sector-triggers-rating-actions--PR_261493. Further information on the Note issued please contact: Mike Brunke SBSA (Sponsor) (011) 378 8101 Email: mike.brunke@standardbank.co.za Matthew Mutch SAHL (Servicer) (031) 576 5724 Email: matthewm@sahomeloans.com Date: 07/12/2012 08:30:00 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.