Semi-Annual Notice To Noteholders Transsec 2 RF Limited (Incorporated with limited liability in the Republic of South Africa) (Registration number 2014/209982/07) Formerly called Transsec 2 Proprietary Limited (with registration number 2014/209982/07) (“Transsec 2”) Instrument Code: TRA2A1 ISIN: ZAG000131087 Instrument Code: TRA2A2 ISIN: ZAG000131095 Instrument Code: TRA2A3 ISIN: ZAG000131103 Instrument Code: TRA2B1 ISIN: ZAG000131111 Instrument Code: TRA2C1 ISIN: ZAG000131129 Instrument Code: TRA2D1 ISIN: ZAG000131137 Instrument Code: TRA2A4 ISIN: ZAG000138116 Instrument Code: TRA2A5 ISIN: ZAG000138124 Instrument Code: TRA2A6 ISIN: ZAG000138132 Instrument Code: TRA2B2 ISIN: ZAG000138140 Instrument Code: TRA2C2 ISIN: ZAG000138157 Instrument Code: TRA2D2 ISIN: ZAG000138165 Date: 20 November 2017 Semi-Annual Notice to Noteholders Noteholders are herewith advised that in accordance of 7.45 of the Debt Listing Requirements, no underlying assets of Transsec 2 (RF) Limited were the subject of a demand to repurchase or replace due to a breach of the representations and warranties (contained in the agreements underlying the asset-backed debt securities) during the semi-annual period under review ending 30 September 2017. This information is will be made available in the investor report and the company website and is available for download from the following link: http://www.transactioncapital.co.za/transsec3.php Debt Sponsor The Standard Bank of South Africa Limited Date: 20/11/2017 05:05:00 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.