THE THEKWINI FUND 11 (RF) LIMITED - Notice of Redemption - THEKI

Notice of Redemption - THEKI

The Thekwini Fund 11 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number 2013/020 930/06)
Instrument Code: TH11A2 ISIN: ZAG000107335
Instrument Code: TH11A3 ISIN: ZAG000107327
Instrument Code: TH11A5 ISIN: ZAG000110297
Instrument Code: TH11A6 ISIN: ZAG000110305
Instrument Code: TH11A8 ISIN: ZAG000114323
Instrument Code: TH11B1 ISIN: ZAG000107343
Instrument Code: TH11B2 ISIN: ZAG000110313
Instrument Code: TH11B3 ISIN: ZAG000114331
Instrument Code: TH11C1 ISIN: ZAG000107350
Instrument Code: TH11C2 ISIN: ZAG000110263
Instrument Code: TH11C3 ISIN: ZAG000114349
Instrument Code: TH11D1 ISIN: ZAG000107368
Instrument Code: TH11D2 ISIN: ZAG000110271
Instrument Code: TH11D3 ISIN: ZAG000114356
(the "Issuer")

NOTICE OF REDEMPTION BY THE ISSUER ON 18 JULY 2018 OF EACH OF THE
CLASS A NOTES, THE CLASS B NOTES, THE CLASS C NOTES AND THE CLASS D
NOTES ISSUED BY THE ISSUER UNDER THE ZAR4,000,000,000 ASSET BACKED
NOTE PROGRAMME OF THE ISSUER


Notice is hereby given that, the Issuer shall, on 18 July 2018,
redeem the Outstanding Principal Amount under -

-    Class A2 Notes, issued by the Issuer on 02 August 2013 in an
     amount of ZAR 440,328,199.00 under stock code TH11A2 ("Class
     A2 Notes");

-    Class A3 Notes, issued by the Issuer on 02 August 2013 in an
     amount of ZAR 45,000,000.00 under stock code TH11A3 ("Class
     A3 Notes");

-    Class A5 Notes, issued by the Issuer on 04 November 2013 in
     an amount of ZAR 381,324,220.00 under stock code TH11A5
     ("Class A5 Notes");

-    Class A6 Notes, issued by the Issuer on 04 November 2013 in
     an amount of ZAR 253,000,000.00 under stock code TH11A6
     ("Class A6 Notes");
-    Class A8 Notes, issued by the Issuer on 14 April 2014 in an
     amount of ZAR 732,706,125.00 under stock code TH11A8 ("Class
     A8 Notes");

-    Class B1 Notes, issued by the Issuer on 02 August 2013 in an
     amount of ZAR 59,000,000.00 under stock code TH11B1 ("Class
     B1 Notes");

-    Class B2 Notes, issued by the Issuer on 04 November 2013 in
     an amount of ZAR 66,000,000.00 under stock code TH11B2 ("Class
     B2 Notes");

-    Class B3 Notes, issued by the Issuer on 14 April 2014 in an
     amount of ZAR 67,000,000.00 under stock code TH11B3 ("Class
     B2 Notes");

-    Class C1 Notes, issued by the Issuer on 02 August 2013 in an
     amount of ZAR 48,000,000.00 under stock code TH11C1 ("Class
     C1 Notes");

-    Class C2 Notes, issued by the Issuer on 04 November 2013 in
     an amount of ZAR 54,000,000.00 under stock code TH11C2 ("Class
     C2 Notes");

-    Class C3 Notes, issued by the Issuer on 14 April 2014 in an
     amount of ZAR 45,000,000.00 under stock code TH11C3 ("Class
     C3 Notes");

-    Class D1 Notes, issued by the Issuer on 02 August 2013 in an
     amount of ZAR 18,000,000.00 under stock code TH11D1 ("Class
     D1 Notes");

-    Class D2 Notes, issued by the Issuer on 04 November 2013 in
     an amount of ZAR 20,000,000.00 under stock code TH11D2 ("Class
     D2 Notes"); and

-    Class D3 Notes, issued by the Issuer on 14 April 2014 in an
     amount of ZAR 29,000,000.00 under stock code TH11D3 ("Class
     D3 Notes");

(collectively, the "Notes"), which Notes were issued under the
Issuer's ZAR4,000,000,000 asset backed note programme established
in terms of a programme memorandum dated on or about 31 July 2013
("Programme Memorandum"). The Coupon Step-Up Call Date of each of
the Class A Notes, the Class B Notes, the Class C Notes and the
Class D Notes respectively, is 18 July 2018 and the Notes shall be
redeemed on 18 July 2018.
Capitalised terms and expressions used in this notice, and not
otherwise defined herein, shall have the meanings assigned to such
terms and expressions in the Programme Memorandum.



Johannesburg
13 June 2018

Debt Sponsor
The Standard Bank of South Africa Limited

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