BRANDCORP (PROPRIETARY) LIMITED - Interest Rate Resets: BCP1 and BCP2

Interest Rate Resets: BCP1 and BCP2

BRANDCORP PROPRIETARY LIMITED
(Incorporated with limited liability in South Africa under registration number 2007/014063/07)

Bond Code: BCP1
ISIN Code : ZAG000080789

Bond Code: BCP2
ISIN Code : ZAG000080797

INTEREST RATE RESETS:

Notice is hereby given that the 3 month JIBAR rate as at 31 March 2014 is 5.725% p.a. (“JIBAR”).

Accordingly, the next interest payment, payable on 30 June 2014 (*Following), for the period 31 March 2014 to
29 June 2014, will be calculated based on a rate of:

    BCP1                10.725% p.a. (500bps over JIBAR)
    BCP2                10.975% p.a. (525bps over JIBAR)

* When the Interest Payment Date falls on a non business day, such Interest Payment Date shall be postponed
to the next business day.

Next reset: 30 June 2014

2 April 2014

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

Date: 02/04/2014 09:56:00 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.