THE NITRO SECURITISATION 5 ISSUER TRUST - Partial Capital Redemption-N5A16,N5B23

Partial Capital Redemption-N5A16,N5B23

The Nitro Securitisation 5 Issuer Trust
(Incorporated in the Republic of South Africa)
(Master’s Reference No. IT022168/2014)
Company code: NIT
ISIN: ZAG000126830
ISIN: ZAG000126848

(“Nitro 5”)

PARTIAL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of the Nitro 5
R2,457,000,000 Asset Backed Note Offering Circular dated 4 June
2015, investors are herewith advised of the partial capital
redemption of the below mentioned notes effective 22 March 2016.


               Capital Redemption      Amount Outstanding
               Amount                  After Capital
                                       Redemption

N5A16          R58,171,000.00          R0.00

N5B23          R203,426,000.00         R696,574,000.00



9 March 2016

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

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