HWF08 - Listing of New Instrument The South African National Roads Agency Incorporated in the Republic of South Africa (Registration number 1998/009584/30) Company Code: BINRA ISIN HWF08: ZAG000138207 (“SANRAL”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted SANRAL (the “Issuer”) the listing of its Government Guaranteed Senior Unsecured Floating Rate Note (the “Notes”), in terms of its ZAR31,910,000,000 Guaranteed Domestic Medium Term Note Programme dated 14 April 2014, effective 15 July 2016. INSTRUMENT TYPE: Floating Rate Note Total Notes in Issue: ZAR 23,374,728,067.00 excluding this issuance of notes Instrument Code: HWF08 Nominal Issued: ZAR 1,000,000,000.00 Issue Price: 100% Initial Coupon: 8.79% (3 Month JIBAR as at 15 July 2016 of 7.350% plus 144 basis points) Interest Rate: 3 Month JIBAR plus 144 basis points Coupon Rate Indicator: Floating Issue Date: 15 July 2016 Interest Commencement Date: 15 July 2016 First Interest Payment Date: 15 October 2016 Maturity Date: 15 July 2019 Last day to register: By 17h00 on 4 October, 4 January, 4 April and 4 July each year until maturity Books Close: 5 October, 5 January, 5 April and 5 July each year until maturity Interest Payment Date(s): 15 October, 15 January, 15 April and 15 July each year until maturity ISIN: ZAG000138207 Business Day Convention: Following Business Day Dealers: ABSA Corporate and Investment Banking and Quartile Capital Proprietary Limited The Notes will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 15 July 2016 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 15/07/2016 11:30:00 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.