THE THEKWINI FUND 13 (RF) LIMITED - Partial Capital Redemption

Partial Capital Redemption

The Thekwini Fund 13 (RF) Limited

Instrument Code:      TH13A1 ISIN: ZAG000129099
                      TH13A5 ISIN: ZAG000131616
                      TH13A9 ISIN: ZAG000133901

Date: 18 May 2016

Partial Capital Redemption Announcement

In accordance with the Terms and Conditions of The Thekwini
Fund 13 (RF) Limited notes, relevant noteholders are advised
of the below partial redemption effective Monday, 23 May 2016.

                                                         Amount
  Stock                             Capital        Outstanding after
                    ISIN
  Code                         Redemption Amount        Capital
                                                      Redemption
  TH13A1     ZAG000129099       R 13 750 000.00    R 123 750 000.00
  TH13A5     ZAG000131616        R 9 727 273.00     R 87 545 454.00
  TH13A9     ZAG000133901       R 11 500 000.00    R 103 500 000.00

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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