DENEL SOC LIMITED - New Financial Instrument - DENG86, DENG87, DENG88

New Financial Instrument - DENG86, DENG87, DENG88

DENEL SOC LIMITED

Stock Code:      DENG86
ISIN Code:       ZAG000154469

Stock Code:      DENG87
ISIN Code:       ZAG000154451

Stock Code:      DENG88
ISIN Code:       ZAG000154444



New Financial Instrument Listing Announcement

The JSE has granted a listing to Denel SOC Limited DENG86, DENG87 and
DENG88 under the Denel SOC Limited ZAR4,000,000,000 Domestic Medium Term
Note Programme on the Interest Rate Market with effect from 28 September
2018.

Authorised Programme size:      R 4,000,000,000.00
Total Notes Outstanding
(Including these issuances):    R 3,154,000,000.00



INSTRUMENT TYPE:                FLOATING RATE NOTE

Bond Code                        DENG86
Nominal Issued                   R 958,000,000
Issue Price                      100%
Coupon                          8.592% (3 Month JIBAR as at 25 September
                                2018 of 6.992% plus 160 bps)
Coupon Rate Indicator           Floating
Trade Type                      Price
Final Maturity Date             27 September 2019
Books Close Date(s)             17 March, 17 June, 17 September, 17
                                December
Interest Payment Date(s)        27 March, 27 June, 27 September, 27
                                December
Last Day to Register            By 17:00 on 16 March, 16 June, 16
                                September, 16 December
Issue Date                      28 September 2018
Date Convention                 Modified Following
Interest Commencement Date      28 September 2018
First Interest Payment Date     27 December 2018
ISIN No.                        ZAG000154469
Additional Information          Senior Unsecured Floating Rate Notes
Applicable Pricing Supplement   TBA

The note will be dematerialised in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms of JSE
Rules. For further information on the Note issue please contact below.



INSTRUMENT TYPE:                  FLOATING RATE NOTE

Bond Code                         DENG87
Nominal Issued                    R 50,000,000.00
Issue Price                       100%
Coupon                            9.192% (3 Month JIBAR as at 25 September
                                  2018 of 6.992% plus 220 bps)
Coupon Rate Indicator             Floating
Trade Type                        Price
Final Maturity Date               28 September 2021
Books Close Date(s)               18 March, 18 June, 18 September, 18
                                  December
Interest Payment Date(s)          28 March, 28 June, 28 September, 28
                                  December
Last Day to Register              By 17:00 on 17 March, 17 June, 17
                                  September, 17 December
Issue Date                        28 September 2018
Date Convention                   Modified Following
Interest Commencement Date        28 September 2018
First Interest Payment Date       28 December 2018
ISIN No.                          ZAG000154451
Additional Information            Senior Unsecured Floating Rate Notes

The note will be dematerialised in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms of JSE
Rules. For further information on the Note issue please contact below.




                                                                    Page 2 of 3
INSTRUMENT TYPE:                      FLOATING RATE NOTE

Bond Code                             DENG88
Nominal Issued                        R 100,000,000.00
Issue Price                           100%
Coupon                                9.792% (3 Month JIBAR as at 25 Sep 2018
                                      of 6.992% plus 280 bps)
Coupon Rate Indicator                 Floating
Trade Type                            Price
Final Maturity Date                   28 September 2023
Books Close Date(s)                   18 March, 18 June, 18 September, 18
                                      December
Interest Payment Date(s)              28 March, 28 June, 28 September, 28
                                      December
Last Day to Register                  By 17:00 on 17 March, 17 June, 17
                                      September, 17 December
Issue Date                            28 September 2018
Date Convention                       Modified Following
Interest Commencement Date            28 September 2018
First Interest Payment Date           28 December 2018
ISIN No.                              ZAG000154444
Additional Information                Senior Unsecured Floating Rate Notes



The note will be immobilised in the Central Securities Depository (“CSD”)
and settlement will take place electronically in terms of JSE Rules. For
further information on the Note issue please contact:



Allister Lamont-Smith         Nedbank CIB           +27 11 2944833
Corporate Actions             JSE                   +27 11 5207000

28 September 2018

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited




                                                                          Page 3 of 3

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