TORQUE SECURITISATION (RF) LTD - Notice to Noteholders - Torque Securitisation (RF) Limited

Notice to Noteholders - Torque Securitisation (RF) Limited

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

WRITTEN NOTICE TO NOTEHOLDERS IN RELATION TO THE ISSUE OF THE
REFINANCING NOTES

In terms of Condition 5.1.1.1 of the Programme Memorandum, the
Issuer is entitled, subject to the seller’s prior written consent
and upon written notice to the noteholders, to issue one or more
Tranche(s) of Notes during the Refinancing Period in order to redeem
all, but not some only, of the Refinanced Notes.

Torque hereby gives notice of the issuance of the following Tranche
of Refinancing Notes on 15 August 2014: Tranche 4 of the Notes,
comprising up to ZAR250 000 000 Class A4 Secured Floating Rate
Listed Notes (to be listed on the Interest Rate Market of the JSE
under stock code number TORQ07)

Torque confirms that the seller’s written consent has been obtained
in accordance with Condition 5.1.1.1 of the Programme Memorandum

06 June 2014

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

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