TORQ3, TORQ7, TORQ8 - Partial Capital Redemption Torque Securitisation (RF) Limited (Incorporated in the Republic of South Africa) (Registration No. 2012/030043/06) Company code: TSRF Bond code: TORQ3, TORQ7, TORQ8 ISIN: ZAG000099235, ZAG000118761, ZAG000128760 (“Torque”) PARTIAL CAPITAL REDEMPTION In accordance with the Terms and Conditions of Torque’s Secured Asset Backed Note Programme dated 8 August 2012, investors are herewith advised of the partial capital redemption of the TORQ3, TORQ7 and TORQ8 notes. Bond Code: TORQ3 Effective Date: 15 May 2017 Amount Outstanding before Redemption: ZAR101,391,815.00 Capital Redemption Amount: ZAR25,863,921.00 Amount Outstanding after Redemption: ZAR75,527,894.00 Bond Code: TORQ7 Effective Date: 15 May 2017 Amount Outstanding before Redemption: ZAR126,739,768.00 Capital Redemption Amount: ZAR32,329,901.00 Amount Outstanding after Redemption: ZAR94,409,867.00 Bond Code: TORQ8 Effective Date: 15 May 2017 Amount Outstanding before Redemption: ZAR120,656,259.00 Capital Redemption Amount: ZAR30,778,066.00 Amount Outstanding after Redemption: ZAR89,878,193.00 The partial redemption is as a result of the issuer entering into early amortisation on 17 May 2016 as per the announcement released on the Stock Exchange News Service on 20 May 2016. 11 May 2017 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11/05/2017 01:00:00 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.