INDWA INVESTMENTS LIMITED - Full Capital Redemption: INA451

Full Capital Redemption: INA451

iNdwa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2002/013434/06)
ISIN: ZAG000121583
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 INA451 effective 17 December 2014.

               Capital Redemption      Amount Outstanding
               Amount                  After Capital
                                       Redemption

INA451         R450 000 000.00         R0


12 December 2014

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

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