Listing of Tap Instrument - EMM05 Ekurhuleni Metropolitan Municipality Established in the Republic of South Africa in terms of section 12(1) of the Local Government: Municipal Structures Act, 117 of 1998, read with Notice No 6768 of 2000 published in Provincial Gazette Extraordinary No 141 dated 1 October 2000) Company code: BIEM ISIN: ZAG000115148 (“Ekurhuleni”) LISTING OF NEW INSTRUMENT The JSE Limited has granted Ekurhuleni the listing of its EMM05 Senior Unsecured Amortising Fixed Rate Notes, in terms of its ZAR8,000,000,000 Domestic Medium Term Note Programme dated on or about 23 July 2010. INSTRUMENT TYPE: Senior Unsecured Amortising Fixed Rate Notes Total Notes in Issue: R3,780,000,000.00, excluding this issuance of Notes Instrument Code: EMM05 Nominal Issued: R220,000,000.00 Issue Price: 102.64266% Interest Rate: 10.67% Coupon Rate Indicator: Fixed Rate Issue Date: 14 May 2014 Interest Commencement Date: 17 April 2014 Maturity Date: 17 April 2029 Last day to Register: By 17h00 on 6 April and 6 October in each year until the Maturity Date Books Close: 7 April and 7 October in each year until the Maturity Date Interest Payment Dates: 17 April and 17 October in each year until the Maturity Date Principal Repayment Dates: Principal in respect of the Notes will be repaid on each Interest Payment Date in the amounts specified in Annexure A of the Applicable Pricing Supplement dated 15 April 2014 with the final installment to be repaid on the Maturity Date ISIN: ZAG000115148 Business Day Convention: Following Business Day The Notes will be immobilised in the Central Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 14 May 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 14/05/2014 10:20:00 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.