TCTA Switch Auction Reminder - Yield on source bond (WS04) = 7.1730% - WS04, WSP5 Trans-Caledon Tunnel Authority (TCTA) TCTA Switch Bond Auction Reminder – Setting of Yield on source bond The yield on the WS04, the source bond for this morning’s auction is 7.1730% - the 30 May interpolation (6.9730%) between 1 month Jibar (6.8080%) & 3 month Jibar (7.0420%) this morning plus 20 basis points. It is a single price (Dutch) auction and will be done at the lowest price of all allocated bids. TCTA invites investors to switch their holdings of its WS04 (12.50%; 30 May 2016) bond for its WSP5 (9.00% 28 May 2021) bond. Both bonds carry an explicit RSA government guarantee. Auction Date Thursday 17 March 2016 Settlement Date Wednesday 23 March 2016 Start Time 11:00 Closing Time 11:30 Results at 12:00 Yield on source bond 7.1730% Source Bond WS04 On offer (R’m) for source 1,000 bond Destination Bond WSP5 Dealers Absa: Beyers Roux, Trusha Parbhoo-Kanjee Investec: Steve Arnold Nedbank: Thabo Mahloele, Gavin Lemos Standard Bank: Linda Nyembezi, Junior Ramukumba TCTA reserves the right to decide on the minimum and maximum amounts to be allocated. For further information please contact: Nyiko Mageza, TCTA Sponsor +27 12 683 1334 17 March 2016 Date: 17/03/2016 08:01:00 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.