Amendments to Greenhouse Funding III (RF) Limited agreements Greenhouse Funding III (RF) Limited (Incorporated in the Republic of South Africa) (Registration number: 2013/210846/06) JSE Code: GH31A1 ISIN No: ZAG000125329 JSE Code: GH31A2 ISIN No: ZAG000125337 JSE Code: GH31A3 ISIN No: ZAG000125345 JSE Code: GH31B ISIN No: ZAG000125352 JSE Code: GH31C ISIN No: ZAG000125360 JSE Code: GH31D ISIN No: ZAG000125378 AMENDMENTS TO GREENHOUSE FUNDING III (RF) LIMITED AGREEMENTS Following the press release by the FSB dated 4 September 2015 advising of the decision to deregister Fitch ratings as a rating agency, Greenhouse Funding III (RF) Limited has appointed Moody’s Investors Service (Moody’s) as the replacement rating agency. The re- rating of the notes by Moody’s necessitated various amendments to certain definitions in the Transaction Documents. Following a successful voting process by noteholders, the definitions of “Permitted Investments”, “Required Credit Rating” and “Principal Deficiency” have been amended. The amendments to the above definitions can be found in the General Amendment Agreement on the JSE website as well as on Nedbank Limited’s website as administrator to the programme: www.nedbank.co.za Date: 17 May 2016 Debt Sponsor: Nedbank CIB Date: 17/05/2016 11:00:00 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.