AMBER HOUSE FUND 2 (RF) LTD - Notice of redemption by the issuer on 19 October 2015

Notice of redemption by the issuer on 19 October 2015

AMBER HOUSE FUND 2 (RF) LIMITED
(Registration Number 2012/065316/06)
Instrument code: AHF2A1 ISIN: ZAG000100488
Instrument code: AHF2B1 ISIN: ZAG000100496
Instrument code: AHF2C1 ISIN: ZAG000100504
(the "Issuer")

NOTICE OF REDEMPTION BY THE ISSUER ON 19 OCTOBER 2015 (BEING THE
FIRST BUSINESS DAY FOLLOWING THE COUPON STEP-UP DATE) OF EACH OF
THE CLASS A NOTES, THE CLASS B NOTES AND THE CLASS C NOTES
ISSUED BY THE ISSUER UNDER THE ZAR4 000 000 000 ASSET BACKED
NOTE PROGRAMME OF THE ISSUER


Notice is hereby given that, the Issuer intends, on 19 October
2015 (the "Refinance Date"), to issue Tranches of various
Classes of Notes (the "Refinancing Notes") and to use the
proceeds from the Refinancing Notes to redeem all of the

-   Class A notes, issued by the Issuer on 18 October 2012 in
    an amount of ZAR728,000,000 under stock code AHF2A1 (the
    "Class A1 Notes");

-   Class B notes, issued by the Issuer on 18 October 2012 in
    an amount of ZAR35,200,000 under stock code AHF2B1 (the
    "Class B1 Notes"); and

-   Class C notes, issued by the Issuer on 18 October 2012 in
    an amount of ZAR36,800,000 under stock code AHF2C1 (the
    "Class C1 Notes"),

(collectively, the "Refinanced Notes"), each of which Refinanced
Note has a Coupon Step-Up Date of 18 October 2015 but will be
redeemed on 19 October 2015, being the next successive Business
Day, in accordance with Condition 7.3.3 of the terms and
conditions of the Notes, at their respective aggregate Principal
Amounts Outstanding (together with interest accrued thereon).

The Issuer will redeem the Refinanced Notes at their respective
aggregate Principal Amounts Outstanding (together with interest
accrued thereon) on the Refinance Date, utilising the proceeds
from the Refinancing Notes.

Capitalised terms and expressions used in this notice, and not
otherwise defined herein, shall have the meanings assigned to
such terms and expressions in the ZAR4,000,000,000 asset backed 
note programme established by the Issuer in terms of a programme
memorandum dated on or about 15 October 2012 ("Programme
Memorandum".


Johannesburg
6 October 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 2 (RF) Limited information:
2 Milkwood Crescent
Milkwood Park
La Lucia Ridge
La Lucia
4051
Fax: +27 31 562 8755
www.sahomeloans.com

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