THE THEKWINI FUND 11 (RF) LIMITED - Partial Capital Redemption

Partial Capital Redemption

The Thekwini Fund 11 (RF) Limited
Instrument Code: TH11A1 ISIN: ZAG000107376
Instrument Code: TH11A4 ISIN: ZAG000110289
Instrument Code: TH11A7 ISIN: ZAG000114307

Date: 18 April 2016

Partial Capital Redemption Announcement

In accordance with the Terms and Conditions of The Thekwini
Fund 11 (RF) Limited notes, relevant noteholders are advised
of the below partial redemption effective Monday, 18 April
2016.

                                                        Amount
  Stock                           Capital        Outstanding after
                 ISIN
   Code                      Redemption Amount         Capital
                                                     Redemption
  TH11A1     ZAG000107376     R 40 279 109.00    R 181 217 060.00
  TH11A4     ZAG000110289     R 37 660 967.00    R 169 437 950.00
  TH11A7     ZAG000114307     R 22 858 395.00    R 102 840 680.00

For further information please contact:
Mike Brunke         The Standard Bank of South Africa Limited
+27 11 721 8101

Debt Sponsor
The Standard Bank of South Africa Limited

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