MFS1A2 - Partial Capital Redemption Commissioner Street No. 1 (RF) Limited (Registration number 2007/033844/07) Bond Code: ISIN Code: MFS1A2 ZAG000082801 PARTIAL CAPITAL REDEMPTION Commissioner Street No. 1 (RF) Limited - MFS1A2 Notes (“the Notes”) were issued with an expected maturity date of 20 December 2018, however, the Issuer shall partially redeem each Note on each Payment Date, to the extent permitted by, and in accordance with the relevant Priority of Payments, as set out in Condition 9.2 of the Applicable Issuer Supplement (Mandatory early redemption in whole or in part) of the Terms and Conditions of the Notes (as read with the Applicable Pricing Supplement). In terms of Condition 10.7 (“Payment Day”) and Condition 17 (“Notices”) of the Terms and Conditions of the Notes, notice is hereby given to Noteholders that the Issuer will partly early redeem the Notes effective on 22 March 2016. Payment of the principal amount redeemable (“early redemption amount”), together with applicable interest, will be effected on 22 March 2016. The partial redemption amount of the Notes will amount to R8,330,323.00 and the amount outstanding after the partial redemption will be R149,639,677.00. Partial Capital Redemption Amount Outstanding After Partial Redemption MFS1A2 R8,330,323.00 R149,639,677.00 22 June 2016 Debt sponsor Absa Corporate and Investment Banking (a division of Absa Bank Limited) Date: 22/06/2016 09:15:00 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.