THE THEKWINI FUND 11 (RF) LIMITED - Fitch Affirms and Withdraws The Thekwini Fund 11 (RF) Ltd Ratings

Fitch Affirms and Withdraws The Thekwini Fund 11 (RF) Ltd Ratings

The Thekwini Fund 11 (RF) Ltd

(Incorporated with limited liability in the Republic of South Africa)

Registration number 2013/020930/06)

(“Thekwini 11”) or (“the Company”)

Fitch Affirms and Withdraws The Thekwini Fund 11 (RF) Ltd Ratings

Holders are advised that Fitch Ratings has affirmed it’s previously published
ratings in respect of notes issued by the Company and has subsequently
withdrawn such ratings.

Holders are further reminded that all notes issued by Thekwini 11 are now
rated by the newly appointed Global Credit Rating Co. Ratings thereof may be
viewed on the below link:

https://globalratings.net/news/article/the-thekwini-fund-11-rf-limited-ndash-
new-ratings-accorded


Johannesburg
11 August 2016

Debt Sponsor
The Standard Bank of South Africa Limited

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