Amendments To The Programme Memorandum Transsec RF Limited (Incorporated with limited liability in the Republic of South Africa) (Registration number 2012/209822/06) Formerly called Transsec Proprietary Limited (with registration number 2012/209822/07) (“Transsec”) TRANSSEC (RF) LIMITED ZAR4 000 000 000 ASSET BACKED NOTE PROGRAMME: AMENDMENTS TO THE PROGRAMME MEMORANDUM Date: 15 December 2017 1. Capitalised terms used but not otherwise defined herein shall bear the respective meanings ascribed thereto in the programme memorandum issued by Transsec (RF) Limited (the “Issuer”) on or about 2 June 2014 (the “Programme Memorandum”). 2. We refer to Condition 17 and hereby furnish you with written notice that the Programme Memorandum has been amended on the basis as is set out in the supplement to the Programme Memorandum attached hereto as Appendix “A” (the “Amendments”). 3. We confirm that: 3.1. the Security SPV has, in accordance with the Conditions, approved the Amendments in writing; 3.2. the Rating Agency has, in accordance with the Conditions, been furnished with prior written notice of the Amendments; and 3.3. due to the nature of the Amendments, the Noteholders were not required to approve the Amendments. 4. The supplement to the Programme Memorandum referred to in paragraph 2 above will be made available on the Servicer’s website (on behalf of the Issuer) at http://www.transactioncapital.co.za/transsec3.php and on the JSE’s website at http://www.jse.co.za. 5. The Issuer delivers this notice to the Central Securities Depository and the Interest Rate Market of the JSE in accordance with the Conditions. Debt Sponsor The Standard Bank of South Africa Limited Date: 15/12/2017 04:51:00 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.