Annual Financial Statements RAND WATER BOARD (Rand Water is established in terms of the Water Services Act, 1997 (the “Act”). The Government of the Republic of South Africa, through the Department of Water and Sanitation and duly represented by the Minister of Water and Sanitation, is the sole shareholder of Rand Water. In terms of the Act, Rand Water's primary activity is the provision of bulk water supply services (potable bulk water and sanitation services) within the predetermined service area.) Instrument code: RW21 ISIN: ZAG000085523 Instrument code: RW23 ISIN: ZAG000111246 Instrument code: RW28 ISIN: ZAG000111253 (“Rand Water”) PUBLICATION OF 2017 CONSOLIDATED ANNUAL FINANCIAL STATEMENTS Holders are advised that Rand Water has published its full year results for the financial year ended 30 June 2017 on its website at the following link: http://www.randwater.co.za/Annual%20Reports/2016- 2017%20Annual%20Report/Final%20Annual%20Report%2014Nov2017.pdf Johannesburg 15 December 2017 Debt Sponsor The Standard Bank of South Africa Limited For further information on the Notes issued please contact: Natalie Di-Sante SBSA (011) 721 6125 Lucky Ncobela Rand Water (011) 682 0318 Rand Water information: 522 Impala Road, Glenvista, 2058, Johannesburg, Gauteng, South Africa PO Box 1127, Johannesburg, 2000 Tel: +27 11 682 0318 Fax: +27 11 682 0673 www.randwater.co.za Date: 15/12/2017 04:50:00 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.