THE THEKWINI FUND 9 (RF) LIMITED - Credit Rating Announcement

Credit Rating Announcement

The Thekwini Fund 9 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2011/001 385/06)
Instrument Code: THE9C4      ISIN: ZAG000138082
(“The Thekwini Fund 9”) or (“the Issuer”)

CREDIT RATING ANNOUNCEMENT

The Issuer wishes to advise noteholders that Moody’s Investor
Services (“Moody’s) has on 14th June 2017 amended the credit rating
assigned to certain tranches of notes issued and outstanding under
the Issuer’s asset-backed note programme.

The national scale rating assigned to the Class C4 notes was upgraded
to A3.za(sf) from Baa2.za(sf).

Further details can be found at the following web address:

https://www.moodys.com/

For further information on the Notes issued please contact:
Mike Brunke Standard Bank (Sponsor) (011) 721 8101
Email: mike.brunke@standardbank.co.za

4 July 2017

Debt Sponsor
The Standard Bank of South Africa Limited

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