TORQUE SECURITISATION (RF) LTD - Restated and Amended Programme Voting Outcome

Restated and Amended Programme Voting Outcome

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
(“Torque” or the “Company”)


RESTATED AND AMENDED PROGRAMME VOTING OUTCOME

Torque issued a request to all of the holders of notes issued by
Torque under its R 5 000 000 000 Secured Note Programme on 10 April
2015 to consider and, if thought fit, to consent to the amendment of
the Torque Securitisation Programme Memorandum.

The motion was approved by 95.701% of the Noteholders.

Torque wishes to inform noteholders that as of 15 May 2015, the
terms and conditions of the Torque Securitisation Programme
Memorandum has been amended and restated.

The signed Programme Memorandum, reflecting the approved amendments
to the Terms and Conditions, will be signed and made available on
Torque's website at www.iemas.co.za.

20 May 2015

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

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