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: 14 July 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 July
2016.

                                                       Amount
  Stock                           Capital        Outstanding after
                 ISIN
  Code                       Redemption Amount        Capital
                                                    Redemption
  TH11A1     ZAG000107376     R 37 456 448.00    R 143 760 612.00
  TH11A4     ZAG000110289     R 35 021 779.00    R 134 416 171.00
  TH11A7     ZAG000114307     R 21 256 534.00     R 81 584 146.00

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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