New financial instrument listing - MWAR03 MW ASSET RENTALS (RF) LIMITED Reg No 2002/030074/06 Incorporated in the Republic of South Africa Stock code: MWAR03 ISIN: ZAG000155565 The JSE Limited has granted a listing to MW Asset Rentals (RF) Limited under a Lease Receivables Backed Note Programme, sponsored by Nedbank Limited (“Nedbank”). Authorised Programme size R 2,500,000,000.00 Total Notes Issued (including this issuance) R 950,000,000.00 INSTRUMENT TYPE: FLOATING RATE NOTE CALLABLE Bond Code MWAR03 Nominal Issued R 200,000,000.00 Issue Price 100% Coupon 8.917% (3 Month JIBAR as at 15 November 2018 of 7.017% plus 190 bps) Coupon Rate Indicator Floating Trade Type Price Final Maturity Date 22 November 2028 Books Close Date(s) 12 February, 12 May, 12 August, 12 November Interest Payment Date(s) 22 February, 22 May, 22 August, 22 November Last Day to Register By 17:00 on 11 February, 11 May, 11 August, 11 November Issue Date 22 November 2018 Date Convention Modified Following Interest Commencement Date 22 November 2018 First Interest Payment Date 22 February 2019 Call / Step Up Date 22 November 2021 ISIN No. ZAG000155565 Additional Information Secured Class A Notes (“Notes”) Additional Terms and Conditions N/A The Notes will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 21 November 2018 Sponsor Nedbank CIB, a division of Nedbank Limited Date: 21/11/2018 11:00:00 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.