INDWA INVESTMENTS LIMITED - INA448-Full Capital Redemption

INA448-Full Capital Redemption

iNdwa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2002/013434/06)
ISIN: ZAG000113226
Company code: BIIND
(“iNdwa”)

FULL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of iNdwa’s
R15,000,000,000 Asset Backed Hybrid Commercial Paper Programme,
investors are herewith advised of the full capital redemption of
the INA448 effective 25 November 2014.

               Capital Redemption      Amount Outstanding
               Amount                  After Capital
                                       Redemption

INA448         R402 000 000.00         R0


24 November 2014

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

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