INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - Notification of Change in Auditor

Notification of Change in Auditor

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”)


REGISTRATION NUMBER: 1940/014201/06


25 May 2018


JSE Code:     ISIN:
IDCC01        ZAG000148784
IDCG02        ZAG000110164
IDCG03        ZAG000110149
IDCG05        ZAG000121716
IDCG06        ZAG000121732
IDCG07        ZAG000131350
IDCG08        ZAG000131368
IDCG09        ZAG000141011
IDCG10        ZAG000141029
IDCG11        ZAG000141037
IDCP06        ZAG000120395
IDCP07        ZAG000148800
IDCC02        ZAG000150905
IDCG12        ZAG000150913
IDCG13        ZAG000150921



NOTIFICATION OF CHANGE IN AUDITOR


Pursuant to the open tender procurement process to appoint external
auditors and in compliance with the provision of paragraph 3.75 of the
Requirements and paragraph 7.35 of the Debt Requirements of the JSE
Limited, noteholders are advised that the IDC appointed
SizweNtsalubaGobodo Inc (“SNG”) and Ngubane & Company (“Ngubane”) as
joint auditors for the financial statements ended 31 March 2018.


This follows the decision at the AGM not to reappoint KPMG and SNG who
had previously audited the IDC.


Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank
Limited

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