Availability of the Annual Financial Statements of the Issuer - BINRA The South African National Roads Agency Incorporated in the Republic of South Africa (Registration number 1998/009584/30) Company code: BINRA (“SANRAL” or “the Issuer”) AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER Bondholders are advised that the annual financial statements (“the financial statements”) of the Issuer for the year ended 31 March 2017 are available for inspection at the Issuer’s registered office. The financial statements of the Issuer have also been made available on their website at http://www.nra.co.za/live/content.php?Session_ID=dccd89e122f2941d928c34e04d4b56ec&Category_ID=72. Bondholders are also advised that the audit report on the financial statements of the Issuer is unqualified, with no modifications applicable. Furthermore, the Issuer would like to advise bondholders of the following restatements and reasons therefor to previously published financial statements for the preceding period. While preparing the financial statements of the company for the period 31 March 2017, management discovered that the classification of non-current and current borrowings was done incorrectly in the 2016 financial year. Bank charges relating to conventional tolls for the previous financial years were not being expensed but rather capitalised to operator debt. Debit balances of third-party funding was not reclassified to debtors in the 2015/16 financial year which resulted in an understatement of third-party funding and an understatement of trade and other receivables and loss on sale of land was understated in 2016. 31 October 2017 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 31/10/2017 04:02:00 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.