MACQUARIE SEC SOUTH AFRICA LTD - Notice by the Company of the Partial Repurchase of the MAQN01 Notes

Notice by the Company of the Partial Repurchase of the MAQN01 Notes

MACQUARIE SECURITIES SOUTH AFRICA LIMITED
Incorporated in the Republic of South Africa
Registration number 2006/023546/06
Share Code: BIMS
Stock Code: MAQN01
(the Company)

NOTICE BY THE COMPANY OF THE PARTIAL REPURCHASE OF THE MAQN01
NOTES

This Notice references the Tranche of Equity Linked Floating
Rate Notes listed on the Interest Rate Market of the JSE under
stock code number MAQN01; ISIN: ZAG000115387 issued by the
Company, under the Macquarie Securities South Africa Limited
ZAR10,000,000,000 Debt Instrument Programme pursuant to the
Amended and Updated Programme Memorandum, dated 17 May 2012, as
amended and/or supplemented from time to time (the MQN01 Notes).

Noteholders are advised that the Company will, on the 9th
February 2015, partially repurchase the MAQN01 Notes from a
specific Noteholder of MAQN01 Notes, in an aggregate Nominal
Amount of ZAR3,000,000 (the Repurchase) pursuant to Condition
10.10 of the terms and conditions set out in the section of the
Amended and Updated Programme Memorandum, dated 17 May 2012,
headed "Terms and Conditions of the Notes" (the Terms and
Conditions).

The total Nominal Amount of the MAQN01 Notes prior to the
Repurchase is ZAR200, 000, 000. Following the Repurchase of the
MAQN01 Notes the balance of the Nominal Amount of the MAQN01
Notes will be ZAR197 000 000.

The Repurchase will be settled through Strate Proprietary
Limited.

Notice of the Repurchase was given to Noteholders, in terms of
Condition 18.1.3 of the Terms and Conditions, on or about 05
February 2015.

Cape Town

06 February 2015

Debt Sponsor
The Standard Bank of South Africa Limited

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