Standard & Poor's assigns Bayport Securitisation (RF) Ltd Class A Notes preliminary long term rating of "zaA (sf)" Bayport Securitisation (RF) Ltd Transaction Capital Limited (Incorporated with limited liability in the Republic of South Africa) (Incorporated with limited liability in the Republic of South Africa) (Registration number 2008/003557/06) (Registration number 2002/031730/06) (“Bayport Securitisation”) JSE Share Code: TCP ISIN: ZAE000167391 (“Transaction Capital”) STANDARD & POOR’S ASSIGNS BAYPORT SECURITISATION (RF) LTD CLASS A NOTES PRELIMINARY LONG TERM RATING OF “zaA (sf)” On 11 July 2013, Standard and Poor’s (“S&P”) announced their preliminary rating for the Class A notes issued under the Bayport Securitisation Asset Backed Domestic Medium Term Note Programme. The long term national scale rating is zaA (sf) and the short term national scale rating is zaA – 1 (sf). The rating will become final once certain technical amendments and clarifications are made to the securitisation’s transaction documents which amendments will require note holder consent. The rating is the culmination of a long term engagement with S&P which was initiated after the IPO of Transaction Capital in June 2012. The preliminary report is available for download from the Transaction Capital website at http://www.transactioncapital.co.za/baysecdebt.aspx 11 July 2013 Debt Sponsor Deutsche Bank AG, Johannesburg Branch Date: 11/07/2013 04:03:00 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.