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ING383 ING384 - Specific Optional Redemption Notice
iNguza Investments (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2008/003346/06)
Company code: BIIIPL
Bond code: ING383 ISIN: ZAG000154048
Bond code: ING384 ISIN: ZAG000154055
(“iNguza” or the “Issuer”)
SPECIFIC OPTIONAL REDEMPTION NOTICE
In accordance with the terms and conditions of the notes with stock codes ING383 (ISIN
ZAG000154048) and ING384 (ISIN ZAG000154055) (the "Relevant Notes") issued under the Issuer's
ZAR25 000 000 000 asset-backed note programme (the “programme”), the Issuer hereby gives notice,
in accordance with Condition 10.4(b) of the Relevant Notes, to early redeem the Relevant Notes on
19 March 2021. Full details of the early redemption are contained in the written extraordinary resolution
released on SENS on 12 January 2021. This is a Specific Optional Redemption Notice as defined in
Condition 10.4(b) of the Relevant Notes.
The Issuer hereby also gives notice, in accordance with Condition 10.4(b) of the Relevant Notes, that
each holder of a Relevant Note (a "Noteholder") shall be entitled to elect, by completing, signing and
returning to the Issuer on or before 17h00 on 8 March 2021 (being 5 days from the date of this Specific
Optional Redemption Notice) an election notice in the form attached to the full notice released by Strate
Proprietary Limited (“STRATE”) as either Annexure A1 (for the Relevant Notes with stock code
ING383) or Annexure A2 (for the Relevant Notes with stock code ING384), whether to have each of
the Relevant Notes to be redeemed on the basis of Condition 10.4(b)(i), or on the basis of Condition
10.4(b)(ii), or on the basis of Condition 10.4(b)(iii).
Noteholders are reminded that if any Noteholder does not timely or properly exercise such election, that
Noteholder shall be deemed to have elected to have all of its Relevant Notes be redeemed on the basis
of Condition 10.4(b)(i).
Further, if any Noteholder wishes to elect that all or some of its Relevant Notes should be redeemed on
the basis set out in Condition 10.4(b)(ii) or on the basis of Condition 10.4(b)(iii), such Noteholder must
also complete, sign and return to the Issuer (together with the relevant election notice referred to above)
the forms attached to the full notice released by STRATE as Annexure B and Annexure C, and if the
relevant Noteholder for any reason fails to do so timeously, or if any such forms are incomplete or not
signed, such purported election by the Noteholder shall be invalid and the Noteholder shall be deemed
to have elected to have all of its Relevant Notes be redeemed on the basis of Condition 10.4(b)(i).
No election notice received after 17h00 on 8 March 2021 will be effective and any such election will
be disregarded.
Save as otherwise defined, words and expressions used in this notice have the meanings given to them
in the conditions of the Relevant Notes or in the amended programme memorandum relating to the
programme dated 12 February 2019, as amended.
Please note that the signed election notice (together, where appropriate, with the other form(s) referred
to above) should be sent to the relevant Noteholder's CSDP, the Issuer for the c/o Burger van der Merwe,
at burger.vandermerwe@rmb.co.za and copies sent to Strate at Strate-CDAdmin@strate.co.za, at any
time on or before 17h00 on 8 March 2021.
Annexure A1: Election Notice (ING383), Annexure A2: Election Notice (ING384), Annexure B:
New Lender certificate and Annexure C: Strate form have been attached to the full notice as released
by STRATE.
3 March 2021
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03-03-2021 01:40:00
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