INA450&INA509-Listing of Tap Issue iNdwa Investments Limited (Incorporated in the Republic of South Africa) (Registration No. 2002/013434/06) ISIN INA450: ZAG000113259 ISIN INA509: ZAG000119553 (“iNdwa”) LISTING OF TAP ISSUE The JSE Limited has granted iNdwa Investments Limited the listing of its INA509 and INA450 Secured Zero Coupon Notes, in terms of its 15,000,000,000 Asset Backed Hybrid Commercial Paper Programme dated 23 May 2003. INSTRUMENT TYPE: Zero Coupon Notes Total Notes in Issue: R3,152,000,000.00 (inclusive of this Issue) Instrument Code: INA509 Nominal Issued: R100,000,000.00 Issue Price: 98.43355% Total INA449 Notes in Issue: R360,000,000.00 Coupon Rate Indicator: Zero Coupon Issue Date: 25 November 2014 Interest Commencement Date: 25 November 2014 Last day to register: By 17h00 on 18 February 2015 Books Close: 19 February 2015 First Interest Payment Date: 24 February 2015 Maturity Date: 24 February 2015 ISIN: ZAG000119553 Business Day Convention: Modified Following Business Day Instrument Code: INA450 Nominal Issued: R50,000,000.00 Issue Price: 99.766795% Total INA449 Notes in Issue: R467,000,000.00 Coupon Rate Indicator: Zero Coupon Issue Date: 25 November 2014 Interest Commencement Date: 9 December 2014 Last day to register: By 17h00 on 3 December 2014 Books Close: 4 December 2014 First Interest Payment Date: 9 December 2014 Maturity Date: 9 December 2014 ISIN: ZAG000113259 Business Day Convention: Modified Following Business Day Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited The Notes will be immobilised in the Central Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 24 November 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 24/11/2014 04:12:00 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.