Partial Redemptions The Thekwini Fund 12 (RF) Limited Instrument Code: TH12A1 ISIN: ZAG000120031 TH12A4 ISIN: ZAG000121690 TH12A7 ISIN: ZAG000123159 T12A10 ISIN: ZAG000125766 Date: 21 February 2017 Partial Capital Redemption Announcement In accordance with the Terms and Conditions of The Thekwini Fund 12 (RF) Limited notes, relevant noteholders are advised of the below partial redemptions effective Monday, 21 February 2017 as well as previous partial redemption balances for your records: 21 February 2017 Amount Stock Capital Outstanding after ISIN Code Redemption Amount Capital Redemption TH12A1 ZAG000120031 29 867 031.00 140 894 050.00 TH12A4 ZAG000121690 29 760 363.00 140 390 857.00 TH12A7 ZAG000123159 10 666 797.00 50 319 303.00 T12A10 ZAG000125766 17 066 875.00 80 510 885.00 21 November 2016 Amount Stock Capital Outstanding after ISIN Code Redemption Amount Capital Redemption TH12A1 ZAG000120031 33 090 693.00 170 761 081.00 TH12A4 ZAG000121690 32 972 512.00 170 151 220.00 TH12A7 ZAG000123159 11 818 105.00 60 986 100.00 T12A10 ZAG000125766 18 908 967.00 97 577 760.00 For further information please contact: Kea Sape The Standard Bank of South Africa Limited +27 11 344 5674 Debt Sponsor The Standard Bank of South Africa Limited Date: 21/02/2017 04:16:00 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.