REAL PEOPLE INV HOLDINGS LTD - Removal of Guarantor - Real People Investment Holdings Limited

Removal of Guarantor - Real People Investment Holdings Limited

Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Company code: BIRP
(“Real People”)


ZAR5,000,000,000 REAL PEOPLE INVESTMENT HOLDINGS LIMITED DOMESTIC
MEDIUM TERM NOTE PROGRAMME (the “PROGRAMME”)

REMOVAL OF UPSTREAM GUARANTOR

Notice is hereby given, that following the request for consent
notice issued to Noteholders on 21 November 2013, requesting the
Noteholders to consider and, if thought fit, to consent to the
release of IQ Academy Proprietary Limited (“IQ Academy”) as an
Upstream Guarantor under the Programme, the motion was approved by
the required majority of Noteholders at a meeting on 13 December
2013 in accordance with Condition 20 of the Terms and Conditions.

Real People wishes to inform the Noteholders that as of 17 December
2013, all Notes currently in issue will cease to carry IQ Academy as
an Upstream Guarantor.

17 December 2013

Debt Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

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