The Thekwini Fund 15 (RF) Limited - Notification Of Change Of Auditor The Thekwini Fund 15 (RF) Limited (incorporated with limited liability in the Republic of South Africa) (Registration number: 2017/052656/06) Instrument Code: T15OM1 ISIN: ZAG000148727 Instrument Code: T15OM2 ISIN: ZAG000151481 Instrument Code: T15OM3 ISIN: ZAG000155318 Instrument Code: TH15A1 ISIN: ZAG000148735 Instrument Code: TH15A2 ISIN: ZAG000148743 Instrument Code: TH15A3 ISIN: ZAG000148685 Instrument Code: TH15A4 ISIN: ZAG000151424 Instrument Code: TH15A7 ISIN: ZAG000155276 Instrument Code: TH15A8 ISIN: ZAG000155284 Instrument Code: TH15B1 ISIN: ZAG000148693 Instrument Code: TH15B2 ISIN: ZAG000151457 Instrument Code: TH15B3 ISIN: ZAG000155342 Instrument Code: TH15C1 ISIN: ZAG000148701 Instrument Code: TH15C2 ISIN: ZAG000151465 Instrument Code: TH15C3 ISIN: ZAG000155334 Instrument Code: TH15D1 ISIN: ZAG000148719 Instrument Code: TH15D2 ISIN: ZAG000151473 Instrument Code: TH15D3 ISIN: ZAG000155326 THE THEKWINI FUND 15 (RF) LIMITED (“THE COMPANY”) - NOTIFICATION OF CHANGE OF AUDITOR IN TERMS OF PARAGRAPH 7.16 OF THE JSE DEBT LISTING REQUIREMENTS In June 2017, the Independent Regulatory Board of Auditors published a rule prescribing that auditors of public interest entities in South Africa must comply with mandatory audit firm rotation whereby audit firms shall not serve as the appointed auditor of a public interest entity for more than 10 consecutive years, with effect from 1 April 2023. Given the aforementioned and prevailing market practice the Issuer has resolved to early adopt MAFR. The Issuer wishes to inform the holders of debt securities that, following a comprehensive tender process, Ernst & Young has been appointed as the new external auditor effective 18 October 2019. Consequently, Deloitte & Touche (“Deloitte”) has not been re-appointed as the Company’s external auditor. The Company would like to thank Deloitte for the services provided and the value added over the past years. 29 October 2019 Debt Sponsor The Standard Bank of South Africa Limited Date: 29/10/2019 05:15:00 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.