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Enx Corporation Limited - Notification Of An Update To The Domestic Medium Term Note Programme

Release Date: 16/04/2018 14:50
 
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Notification of an Update to the Domestic Medium Term Note Programme

enX Corporation Limited
(Previously Eqstra Corporation Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06)
Company code: BIEQS1
(“enX” or “the Issuer”)

NOTIFICATION OF AN UPDATE TO THE DOMESTIC MEDIUM TERM NOTE PROGRAMME

enX has received approval from the bondholders, and subsequently, from the JSE in terms of its
second supplement of the enX Corporation Domestic Medium Term Note Programme (“the
programme”) as well as the supplements to the applicable pricing supplements (“the pricing
supplements”) of the notes currently listed under the programme. A summary of the changes effected
are provided below.

The Issuer has effected changes to the guarantors by:
    • adding enX Group Limited (“the ListCo”) as a guarantor under the programme; and
    • removing Eqstra NH Equipment Proprietary Limited as a guarantor, as the entity is no longer
      a material subsidiary.
The terms and conditions that give effect to same have been included in Annexure A of both the
programme and the pricing supplements (“the amended documents”).

A removal of the coverage ratio has been effected by the removal of Conditions 6.6 and 6.7 of the
programme as set out in Annexure B of the amended documents.

An optional redemption upon a put event has been included in the terms and conditions as set out in
Annexure C of the amended documents.

enX has also amended the Terms and Conditions of the outstanding notes to include matters relating
to the maintenance of a credit rating of the Parent Guarantor and the Issuer as set out in Annexure D
of the amended documents.

The Issuer has also made changes to Meetings of Noteholders as per Annexure E to align the Terms
and Conditions to the current Debt Listings Requirements (“the Requirements”).

A decrease in the programme amount from ZAR 8 000 000 000.00 to ZAR 4 000 000 000.00 has also
been effected.

Annexure F reflects the change to the notice of interest amount whereby the Requirements calls for
the interest amount to be announced on SENS at least 3 business days before each interest payment
date of the listed notes.

Lastly, the Issuer has made changes to certain definitions contained in the programme as set out in
Annexure G of the amended documents.

The updated amended documents together with the amended guarantee agreements are available
for inspection at the registered office of the Issuer and have been made available for inspection on
their website, https://www.enxgroup.co.za/dmtn-programme/.

The updated programme and the pricing supplements will also be available for inspection on the JSE
website www.jse.co.za.

16 April 2018

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

Date: 16/04/2018 02:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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