TORQUE SECURITISATION (RF) LTD - Interest Rate Reset- TORQ1-6

Interest Rate Reset- TORQ1-6

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
(“Torque”)


INTEREST RATE RESET ANNOUNCEMENT

TORQ1          6.925% p.a.(1.25% over 3 month    Jibar of 5.675%) for
               the period 17 February 2014 to    14 May 2014, payable
               on 15 May 2014 (Following*)
               Next reset: 15 May 2014
TORQ2          7.075% p.a.(1.40% over 3 month    Jibar of 5.675%) for
               the period 17 February 2014 to    14 May 2014, payable
               on 15 May 2014 (Following*)
               Next reset: 15 May 2014
TORQ3          7.265% p.a.(1.59% over 3 month    Jibar of 5.675%) for
               the period 17 February 2014 to    14 May 2014, payable
               on 15 May 2014 (Following*)
               Next reset: 15 May 2014
TORQ4          7.285% p.a.(1.61% over 3 month    Jibar of 5.675%) for
               the period 17 February 2014 to    14 May 2014, payable
               on 15 May 2014 (Following*)
               Next reset: 15 May 2014
TORQ5          8.225% p.a.(2.55% over 3 month    Jibar of 5.675%) for
               the period 17 February 2014 to    14 May 2014, payable
               on 15 May 2014 (Following*)
               Next reset: 15 May 2014
TORQ6          13.500% p.a.(4.50% over Prime Rate of 9.000%) for
               the period 17 February 2014 to 14 May 2014, payable
               on 15 May 2014 (Following*)
               Next reset: 15 May 2014

JIBAR rate as at 17 February 2014: 3 Month 5.675%
Prime Rate as at 17 February 2014: 9.000%

*When the Interest Payment Date falls on a non business day one of
the following Date Convention will be applied, as specified for each
individual bond:

1. Following – This means that the interest will be paid on the
first business day after the weekend or public holiday.

2. Modified Following – This means that the interest will be paid on
the first business day after the weekend or public holiday. However,
if the first business day after the weekend or public holiday falls
in a new calendar month the last business day before the weekend /
public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
business day before the weekend or public holiday.


17 February 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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