Notification of the outcome of the noteholders meeting AMBER HOUSE FUND 1 (RF) LIMITED (Registration Number 2006/024381/06) Instrument code: AHF1A1 ISIN: ZAG000091463 Instrument code: AHF1B1 ISIN: ZAB000091471 Instrument code: AHF1C1 ISIN:ZAG000091489 (the "Issuer") NOTIFICATION OF THE OUTCOME OF THE NOTEHOLDERS MEETING TO CONSIDER AN AMENDMENT TO THE TERMS AND CONDITIONS OF THE APPLICABLE PRICING SUPPLEMENTS Noteholders are advised that following a meeting ("Meeting") of the holders of all the Notes held by the Issuer under its ZAR4,000,000,000 residential mortgage backed securities programme ("Programme Memorandum"), held on 23 September 2015, pursuant to which the Noteholders were requested to consider an amendment to the terms and conditions of the applicable pricing supplements in respect of each of the Class A Notes, the Class B Notes and the Class C Notes respectively in terms of the issue of an amended and restated applicable pricing supplement in respect of each of the Class A Notes, the Class B Notes and the Class C Notes (collectively the "Amended and Restated Applicable Pricing Supplements") pursuant to which the Coupon Step-Up Date of each of the Notes, being 21 November 2015 would be amended to 19 October 2015 and following the passing of the Special Resolution by the Noteholders at the Meeting, the Issuer was authorised to amend the Coupon Step-Up Date in respect of each of the Class A Notes, the Class B Notes and the Class C Notes and to issue the Amended and Restated Applicable Pricing Supplements in respect of each of the Class A Notes, the Class B Notes and the Class C Notes respectively. The above resolution was effected following the adoption of the Special Resolution by Noteholders at the Meeting holding 100% of the Principal Amount Outstanding of the Notes represented by proxy. Capitalised terms and expressions used in this notice and not otherwise defined herein, shall have the meanings ascribed to such terms and expressions in the Programme Memorandum. Johannesburg 23 September 2015 Debt Sponsor The Standard Bank of South Africa Limited For further information on the amendment to the Applicable Pricing Supplements please contact: Nicholas Gunning SBSA (011) 721 8003 Amber House Fund 1 (RF) Limited information: 2 Milkwood Crescent Milkwood Park La Lucia Ridge La Lucia 4051 Fax: +27 31 562 8755 www.sahomeloans.com Date: 23/09/2015 10:21:00 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.