THE THEKWINI FUND 10 (RF) LIMITED - Interest Rate Resets

Interest Rate Resets

The Thekwini Fund 10 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number 2012/030 394/06)
Instrument Code: TH10A2 ISIN: ZAG000096124
Instrument Code: TH10A3 ISIN: ZAG000096132
Instrument Code: TH10A5 ISIN: ZAG000100975
Instrument Code: TH10A6 ISIN: ZAG000100942
Instrument Code: TH10A8 ISIN: ZAG000101734
Instrument Code: TH10A9 ISIN: ZAG000101742
Instrument Code: TH10B1 ISIN: ZAG000096090
Instrument Code: TH10B2 ISIN: ZAG000100967
Instrument Code: TH10C1 ISIN: ZAG000096116
Instrument Code: TH10C2 ISIN: ZAG000100983
Instrument Code: TH10D1 ISIN: ZAG000096082
Instrument Code: TH10D2 ISIN: ZAG000100991

The Thekwini Fund 10 (RF) Limited Interest Rate Resets

Please note, for the interest period from and including
18 October 2016 to, but excluding, 18 January 2017, the
interest rates for The Thekwini Fund 10 (RF) Limited Notes
will be as follows:

    R 746 158 109.00 Class A2 Secured Floating Rate Notes due
      18 October 2038 (the Class A2 Notes) (ISIN No.
      ZAG000096124; Instrument Code TH10A2)

     R 176 000 000.00 Class A3 Secured Fixed Rate Notes due 18
      October 2038 (the Class A3 Notes) (ISIN No. ZAG000096132;
      Instrument Code TH10A3)*

     R 615 464 577.00 Class A5 Secured Floating Rate Notes due
      18 October 2038 (the Class A5 Notes) (ISIN No.
      ZAG000100975; Instrument Code TH10A5)

     R 70 000 000.00 Class A6 Secured Fixed Rate Notes due 18
      October 2038 (the Class A6 Notes) (ISIN No. ZAG000100942;
      Instrument Code TH10A6)*

     R 166 842 806.00 Class A8 Secured Floating Rate Notes due
      18 October 2038 (the Class A8 Notes) (ISIN No.
      ZAG000101734; Instrument Code TH10A8)

     R 20 000 000.00 Class A9 Secured Fixed Rate Notes due 18
      October 2038 (the Class A9 Notes) (ISIN No. ZAG000101742;
      Instrument Code TH10A9)*
     R 105 000 000.00 Class B1 Secured Floating Rate Notes due
      18 October 2038 (the Class B1 Notes) (ISIN No.
      ZAG000096090; Instrument Code TH10B1)

     R 111 000 000.00 Class B2 Secured Floating Rate Notes due
      18 October 2038 (the Class B2 Notes) (ISIN No.
      ZAG000100967; Instrument Code TH10B2)

     R 100 000 000.00 Class C1 Secured Floating Rate Notes due
      18 October 2038 (the Class C1 Notes) (ISIN No.
      ZAG000096116; Instrument Code TH10C1)

     R 81 000 000.00 Class C2 Secured Floating Rate Notes due
      18 October 2038 (the Class C2 Notes) (ISIN No.
      ZAG000100983; Instrument Code TH10C2)

     R 20 000 000.00 Class D1 Secured Floating Rate Notes due
      18 October 2038 (the Class D1 Notes) (ISIN No.
      ZAG000096082; Instrument Code TH10D1)

   R 46 000 000.00 Class D2 Secured Floating Rate Notes due
    18 October 2038 (the Class D2 Notes) (ISIN No.
    ZAG000100991; Instrument Code TH10D2)
(Collectively, the Notes)

Notice is hereby given, in accordance with condition 8.3.of
the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 18 October 2016 to,
but excluding, 18 January 2017), based on JIBAR for 3-month
Rand deposits for the floating rate Notes, was fixed at 7.358%
on 18 October 2016.

     Interest   on the   Class A2 Floating Rate Notes for the
      interest   period   was set at 8.908%.
     Interest   on the   Class A3 Fixed Rate Notes for the
      interest   period   was set at 7.830%.
     Interest   on the   Class A5 Floating Rate Notes for the
      interest   period   was set at 8.848%.
     Interest   on the   Class A6 Fixed Rate Notes for the
      interest   period   was set at 7.390%.
     Interest   on the   Class A8 Floating Rate Notes for the
      interest   period   was set at 8.848%.
     Interest   on the   Class A9 Fixed Rate Notes for the
      interest   period   was set at 7.160%.
     Interest   on the   Class B1 Floating Rate Notes for the
      interest   period   was set at 9.338%.
     Interest   on the   Class B2 Floating Rate Notes for the
      interest   period   was set at 9.298%.
    Interest on the   Class C1 Floating Rate   Notes for the
     interest period   was set at 10.258%.
   Interest on the    Class C2 Floating Rate   Notes for the
     interest period   was set at 10.128%.
   Interest on the    Class D1 Floating Rate   Notes for the
     interest period   was set at 14.058%.
   Interest on the    Class D2 Floating Rate   Notes for the
     interest period   was set at 13.608%.
*Fixed note interest   is paid semi-annually.

19 October 2016

Debt Sponsor
The Standard Bank of South Africa Limited

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