TORQUE SECURITISATION (RF) LIMITED - Notification of a partial capital reduction of listed debt securities

Notification of a partial capital reduction of listed debt securities

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
Bond code: TORQ3 ISIN: ZAG000099235
Bond code: TORQ7 ISIN: ZAG000118761
Bond code: TORQ8 ISIN: ZAG000128760
(“Torque”)

NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Torque’s Secured Asset Backed Note Programme dated 8
August 2012, bondholders are herewith advised of the partial capital reduction of the TORQ3, TORQ7 and
TORQ8 notes.


Bond Code:                                                        TORQ3
ISIN:                                                             ZAG000099235
Effective Date:                                                   15 November 2017
Amount before Reduction:                                          ZAR 50 709 618.00
Reduction Amount:                                                 ZAR 23 374 862.00
Amount after Reduction:                                           ZAR 27 334 756.00

Bond Code:                                                        TORQ7
ISIN:                                                             ZAG000118761
Effective Date:                                                   15 November 2017
Amount before Reduction:                                          ZAR 63 387 022.00
Reduction Amount:                                                 ZAR 29 218 577.00
Amount after Reduction:                                           ZAR 34 168 445.00

Bond Code:                                                        TORQ8
ISIN:                                                             ZAG000128760
Effective Date:                                                   15 November 2017
Amount before Reduction:                                          ZAR 60 344 445.00
Reduction Amount:                                                 ZAR 27 816 086.00
Amount after Reduction:                                           ZAR 32 528 359.00

The partial capital reduction is due to redemption of the listed debt securities of the Issuer.



10 November 2017

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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