REAL PEOPLE INV HOLDINGS LIMITED - Notice to Noteholders regarding the Covenants of the Issuer - BIRP

Notice to Noteholders regarding the Covenants of the Issuer - BIRP

Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
Bond Issuer Code: BIRP
(“Real People” or “the Issuer”)

NOTICE TO NOTEHOLDERS REGARDING THE COVENANTS OF THE ISSUER

Real People wishes to advise bondholders that further to the SENS
announcement released on 3 February 2017 regarding the availability
of the third quarter results for the quarter ended 31 December 2016
(“the Q3 results”), the Issuer would like to highlight that the
Capital Adequacy Ratio remains above the covenant level of 30% but
below the target level of 36%. The Issuer has also disclosed in the
Q3 results that in the absence of a capital injection or a material
improvement in the trading results of the Group in the near term, a
breach of the covenant level is a strong possibility. The Q3 results
have been made available on the below link:

http://www.realpeoplegroup.co.za/index.php?nav=quarterly-reports



22 February 2017

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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