THE THEKWINI FUND 15 (RF) LIMITED - Interest Rate Resets -THTI

Interest Rate Resets  -THTI

The Thekwini Fund 15 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2017/052656/06)
Instrument Code: T15OM1 ISIN: ZAG000148727
Instrument Code: TH15A1 ISIN: ZAG000148735
Instrument Code: TH15A2 ISIN: ZAG000148743
Instrument Code: TH15A3 ISIN: ZAG000148685
Instrument Code: TH15B1 ISIN: ZAG000148693
Instrument Code: TH15C1 ISIN: ZAG000148701
Instrument Code: TH15D1 ISIN: ZAG000148719

The Thekwini Fund 15 (RF) Limited Interest rate reset

Please note, for the interest period from and including 21 May
2018 to, but excluding, 21 August 2018, the interest rates for
The Thekwini Fund 15 (RF) Limited Notes will be as follows:

  R60 814 363.00 Class ?1 Secured Floating Rate Notes due 21
  November 2018 (ISIN No. ZAG000148727; Bond Exchange Listing
  Code T15OM1)
  R413 000 000.00 Class A1 Secured Floating Rate Notes due 21
  November 2052 (the Class A Notes) (ISIN No. ZAG000148735;
  Bond Exchange Listing Code TH15A1)
  R519 000 000.00 Class A2 Secured Floating Rate Notes due 21
  November 2052 (the Class A Notes) (ISIN No. ZAG000148743;
  Bond Exchange Listing Code TH15A2)
  R 307 000 000.00 Class A3 Secured Fixed Rate Notes due 21
  November 2052 (the Class A Notes) (ISIN No. ZAG000148685;
  Bond Exchange Listing Code TH15A3)*
  R R49 000 000.00 Class B1 Secured Floating Rate Notes due 21
  November 2052 (the Class B Notes) (ISIN No. ZAG000148693;
  Bond Exchange Listing Code TH15B1)
  R44 000 000.00 Class C1 Secured Floating Rate Notes due 21
  November 2052 (the Class C Notes) (ISIN No. ZAG000148701;
  Bond Exchange Listing Code TH15C1)
  R42 000 000.00 Class D1 Secured Floating Rate Notes due 21
  November 2052 (the Class D Notes) (ISIN No. ZAG000148719;
  Bond Exchange Listing Code TH15D1)

Notice is hereby given, in accordance with condition 8.3.of
the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 21 May 2018 to, but
excluding, 21 August 2018) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 6.900% on
21 May 2018.

  Interest   on the   Class ?1 Floating Rate Notes for the
  interest   period   was set at 7.700%
  Interest   on the   Class A1 Floating Rate Notes for the
  interest   period   was set at 8.350%
  Interest on the Class A2 Floating Rate Notes for the
  interest period was set at 8.550%
  Interest on the Class A3 Fixed Rate Notes for the interest
  period was set at 9.820%
  Interest on the Class B1 Floating Rate Notes for the
  interest period was set at 8.770%
  Interest on the Class C1 Floating Rate Notes for the
  interest period was set at 9.240%
  Interest on the Class D1 Floating Rate Notes for the
  interest period was set at 12.150%

*Fixed note interest is paid semi-annually.

22 May 2018

Debt Sponsor
The Standard Bank of South Africa Limited

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