Obligation of primary dealers in fixed rate government bonds to improve liquidity in the secondary market on the R20 National Treasury Department: National Treasury REPUBLIC OF SOUTH AFRICA Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5640. Fax: (+27 12) 323 1783 MEDIA STATEMENT OBLIGATION OF PRIMARY DEALERS IN FIXED RATE GOVERNMENT BONDS TO IMPROVE LIQUIDITY IN THE SECONDARY MARKET ON THE R2032 (8.25%: 2032) BOND The Primary Dealers in fixed rate government bonds of the Republic of South Africa are required to constantly improve liquidity in the secondary market by quoting a two-way price on the bonds that have an outstanding amount of R10 billion and more. The outstanding amount on the R2032 (8.25%: 2032) bond has reached the R10 billion mark and consequently Primary Dealers are obliged to quote a two-way price on this bond as stipulated in the rules of the Primary Dealers in fixed rate government bonds of the Republic of South Africa. The R2032 (8.25%: 2032) bond should be quoted at a maximum bid-offer spread of 10 basis points and a minimum amount of R10 million between Primary Dealers and other market participants. For further enquiries contact: T Moahloli M Ratsoma Director: Debt issuance and Management Chief Director: Liability Management 012 315 5140 012 315 5337 Issued by National Treasury Date: 29 August 2014 Date: 29/08/2014 10:50:00 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.