Interest rate step up announcement - RP026 Real People Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 1999/020093/06) Bond Issuer Code: BIRP ISIN: ZAG000116815 (“Real People”) INTEREST RATE STEP UP ANNOUNCEMENT In accordance with the Terms and Conditions of the Real People ZAR5,000,000,000 Domestic Medium Term Note Programme, investors are herewith advised of the automatic step-up rate in respect of the RP026 note, effective 13 December 2014 until 12 June 2015. As defined in the applicable pricing supplement, an automatic step-up of 100bps applies at each June and December, until maturity date (being 13 June 2016),subject to Noteholders exercising an early redemption option. Current Margin Margin after Step-Up RP026 250 bps over JIBAR 350 bps over JIBAR Further notification of step-up rates will be announced prior to effective date as per the applicable pricing supplement, subject to Noteholders exercising an early redemption option. 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. 10 December 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 10/12/2014 08:00:00 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.