Capital Redemption and Interest Payable The Thekwini Fund 14 (RF) Limited (incorporated with limited liability in the Republic of South Africa) (Registration number: 2015/327767/07) Capital Redemption and Interest Payable Announcement In accordance with the Terms and Conditions of The Thekwini Fund 14 (RF) Ltd notes, relevant noteholders are advised of the below capital redemption effective Thursday, 21 November 2019. Full Redemption Amount Capital Outstanding Stock Code ISIN Redemption after Capital Amount Redemption R323 620 TH14A2 ZAG000140443 R0.00 738.00 R159 157 TH14A6 ZAG000141946 R0.00 740.00 R212 210 T14A10 ZAG000143827 R0.00 319.00 The interest payable to the Noteholders for The Thekwini Fund 14 (RF) Limited on Thursday, 21 November 2019 is as follows Total Interest Amount in Instrument Interest Interest Rate respect of Code Payment Date % Aggregate Nominal Amount (R) TH14A2 21-Nov-19 8.43% 6 878 811.48 TH14A3 21-Nov-19 8.72% 5 496 684.93 *TH14A4 21-Nov-19 10.10% 5 701 358.47 TH14A6 21-Nov-19 8.38% 3 362 963.80 TH14A7 21-Nov-19 8.64% 17384 506.52 *TH14A8 21-Nov-19 9.35% 12726 246.58 T14A10 21-Nov-19 8.38% 4483 951.71 T14A11 21-Nov-19 8.58% 6619 962.08 *T14A12 21-Nov-19 9.15% 4981 610.96 TH14B1 21-Nov-19 9.33% 988 019.51 TH14B2 21-Nov-19 9.03% 1 275 014.14 TH14B3 21-Nov-19 8.91% 786 297.53 TH14C1 21-Nov-19 9.83% 1 288 796.49 TH14C2 21-Nov-19 9.63% 509 889.21 TH14C3 21-Nov-19 9.51% 647 405.26 TH14D1 21-Nov-19 12.83% 1 164 462.90 TH14D2 21-Nov-19 12.62% 986 323.18 TH14D3 21-Nov-19 12.33% 746 062.03 *Fixed note interest is paid semi-annually. 19-Nov-19 Debt Sponsor The Standard Bank of South Africa Limited Date: 19/11/2019 08:52:00 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.