TORQUE SECURITISATION (RF) LTD - Notice to noteholders in relation to the refinancing of notes

Notice to noteholders in relation to the refinancing of notes

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
ISIN: ZAG000099227
ISIN: ZAG000099243
ISIN: ZAG000099250
(“Torque” or the “Issuer”)


Notice to noteholders in relation to the refinancing of notes

In   accordance  with   the Terms  and  Conditions of  Torque’s
ZAR5,000,000,000 Secured Note Programme, investors are herewith
advised of the refinance of the TORQ2, TORQ4 and TORQ5 notes,
effective 15 August 2015.

The notes will be replaced by ZAR238 000 000 Class A5 secured
floating rate notes to be listed under stock code TORQ8,
ZAR84 000 000 000 Class B2 secured floating rate notes to be listed
under stock code TORQ9 and ZAR49 000 000 Class C2 secured floating
rate notes to be listed under stock code TORQ10.


12 August 2015

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

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