THE NITRO SECURITISATION 5 ISSUER TRUST - N5D23 and N5E23 - Notification of an Early Full Capital Reduction and Interest and Capital Payment Notifications

N5D23 and N5E23 - Notification of an Early Full Capital Reduction and Interest and Capital Payment Notifications

The Nitro Securitisation 5 Issuer Trust
(Incorporated in the Republic of South Africa)
(Master’s Reference No. IT022168/2014)
Company code: NITI
Bond code: N5D23 ISIN: ZAG000126863
Bond code: N5E23 ISIN: ZAG000126871
(“Nitro 5”)

NOTIFICATION OF AN EARLY FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND INTEREST AND
CAPITAL PAYMENT NOTIFICATIONS

EARLY FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Nitro 5’s ZAR 2,457,000,000.00 Asset Backed Notes Offering
Circular dated 4 June 2015, bondholders are herewith advised of the partial capital reduction of the N5D23
and N5E23 notes.

Bond Code:                       N5D23
ISIN:                            ZAG000126863
Amount before Reduction:         ZAR 67 202 000.00
Reduction Amount:                ZAR 67 202 000.00
Amount after Reduction:          ZAR 0.00

Bond Code:                       N5E23
ISIN:                            ZAG000126871
Amount before Reduction:         ZAR 84 000 000.00
Reduction Amount:                ZAR 84 000 000.00
Amount after Reduction:          ZAR 0.00

Effective Date:                  20 September 2018

The partial capital reduction is due to an early full redemption of the listed debt securities of the Issuer and
is in line with the terms set out in the Nitro Securitisation 5 Issuer Trust Offering Circular.

INTEREST AND CAPITAL PAYMENT NOTIFICATIONS

Bondholders are advised of the following interest and capital payment due 20 September 2018:

Bond code:                       N5D23
ISIN:                            ZAG000126863
Coupon:                          9.515%
Interest amount due:             ZAR 1 611 706.49
Capital amount due:              ZAR 67 202 000.00

Bond code:                       N5E23
ISIN:                            ZAG000126871
Coupon:                          10.425%
Interest amount due:             ZAR 2 207 243.84
Capital amount due:              ZAR 84 000 000.00
Interest period:                 20 June 2018 to 19 September 2018
Payment date:                    20 September 2018
Date Convention:                 Following Business Day

13 September 2018

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

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