NQABA FINANCE 1 (PTY) LIMITED - NQABA - Early amortisation as a result of the Eskom downgrade

NQABA - Early amortisation as a result of the Eskom downgrade

NQABA FINANCE 1 PROPRIETARY LIMITED

Bond Issuer Code: NQABA
(“Nqaba” or “the Company”)

EARLY AMORTIZATION AS A RESULT OF THE ESKOM HOLDINGS SOC LIMITED
(“ESKOM”) DOWNGRADE

Noteholders under the Nqaba Finance 1 (Proprietary) Limited ZAR5 billion Asset Backed Note
Programme are advised that due to the Fitch downgrade of Eskom to AA+(zaf) from AAA(zaf), an
Early Amortisation Event (as defined in the Programme Memorandum dated 23 May 2011 “the
Programme Memorandum”) has occurred.

Nqaba noteholders are advised that they will be receiving a notice from the Company to convene
a meeting of noteholders in order to discuss the options on the way forward.

For any further queries please contact the Absa Sales desk on 011 895 5511.

25 January 2013

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 25/01/2013 11:03:00 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.