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Amended and updated Programme Memorandum
Namibia Power Corporation (Proprietary) Limited
(incorporated in December 1964 with limited liability under company
registration number 2051 in the Republic of Namibia)
Bond issuer code: BINPW
(“NamPower” or “the Issuer”)
AMENDED AND UPDATED PROGRAMME MEMORANDUM
Noteholders are herewith advised of NamPower’s amended and updated
Medium Term Note Programme (originally approved by the Bond Exchange
of South Africa Limited on 20 June 2007 and by the Namibian Stock
Exchange (NSX) on 5 June 2007). This Programme Memorandum supersedes
and replaces the previous Programme Memorandum in its entirety, and
applies to all Notes in issue under the Programme as at 17 July 2013
(Programme Date) and all Notes issued under the Programme on and
after the Programme Date.
The Issuer has increased the maximum aggregate Outstanding Principal
Amount of all the Notes that may be issued under the
Programme(including all the Notes in issue under the Programme
pursuant to the previous Programme Memorandum) from R3,000,000,000
(NAD3,000,000,000.00) to R5,000,000,000.00 (NAD5,000,000,000.00).
The amendments and the updates are effective from the 17th July 2013
29 August 2013
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 29/08/2013 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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