Fox Street 1 (RF) Limited -Originator Call Option A5 Notes, B1 Notes, C1 Notes, D1 Notes Fox Street 1 (RF) Limited JSE Code: FS1A5 ISIN No: ZAG000109448 JSE Code: FS1B1 ISIN No: ZAG000109455 JSE Code: FS1C1 ISIN No: ZAG000109463 JSE Code: FS1D1 ISIN No: ZAG000109471 Notice to Class A5 Noteholders, Class B1 Noteholders, Class C1 Noteholders, Class D1 Noteholders Originator Call Option 1 Fox Street 1 (RF) Limited ("Issuer") established a ZAR3,000,000,000 residential mortgage backed securities programme (the "Programme") pursuant to the programme memorandum dated 12 September 2013 (the "Programme Memorandum"), in terms of which the Issuer may issue Notes from time to time. 2 Capitalised terms and expressions used herein and not otherwise defined herein, shall bear the meanings ascribed thereto in the section of the Programme Memorandum titled "Terms and Conditions of the Notes" under the heading titled "Interpretation". 3 This notice is delivered to the Class A5 Noteholders, Class B1 Noteholders, Class C1 Noteholders and Class D1 Noteholders in accordance with Condition 17.3 of the Terms and Conditions contained in the Programme Memorandum. 4 Condition 7.4.4 (Originator Call Option) of the Terms and Conditions provides that – "On any Quarterly Payment Date after the Originator Call Option Date and provided that there are still Notes in issue, the Originator shall have the right to purchase any or all of the Notes in issue upon giving not more than 30 (thirty) nor less than 20 (twenty) days' notice to the Security SPV and the Noteholders, which notice shall be irrevocable, at their Outstanding Principal Amount (together with accrued interest thereon) less the balance of any Principal Deficiency recorded in the relevant Principal Deficiency Ledger." 5 The Originator Call Option Date for each of the Class A5 Notes, Class B1 Notes, Class C1 Notes and Class D1 Notes was 20 June 2018. 6 Accordingly, the Originator hereby gives notice to the holders of the Class A5 Notes, Class B1 Notes, Class C1 Notes and Class D1 Notes that it will, on the next Quarterly Payment Date, being 20 September 2018, purchase all the outstanding Class A5 Notes, Class B1 Notes, Class C1 Notes and Class D1 Notes at their Outstanding Principal Amount together with accrued interest thereon. 7 Simultaneously with this notice, the Originator will provide written notice to the Security SPV of the exercise by it of the Originator Call Option. Date 22 August 2018 Sponsor: Investec Bank Limited (“Investec”) Date: 22/08/2018 11:49:00 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.