DEVELOPMENT BANK OF SOUTHERN AFRICA - DV23 - Notification of the Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

DV23 - Notification of the Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

Development Bank of Southern Africa Limited
(reconstituted and incorporated in terms of section 2 of the Development Bank of Southern Africa Act,
1997)
Registration number: 1600157FN
JSE company code: DIDBS
LEI code: 25490071AZ4HOFUNIH94
Bond Code: DV23
ISIN: ZAG000019779
(“DBSA” or the “Bank”)


NOTIFICATION OF THE PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT
OF LISTED DEBT SECURITIES

In accordance with the terms and conditions of DBSA’s ZAR 35 000 000 000 domestic medium term
note programme dated 21 January 2008, as amended from time to time, noteholders are herewith
advised of the partial capital reduction of the DV23 notes.

Bond code:                                                DV23
ISIN:                                                     ZAG000019779

Nominal amount before reduction:                          ZAR 9 285 416 000.00
Reduction of nominal amount:                              ZAR 1,053,335,483.00
Nominal amount after reduction:                           ZAR 8 232 080 517.00
Settlement / redemption amount:                           ZAR 1,126,315,199.94
Pay date of the repurchase and accrued interest:          15 December 2021
Effective date of the reduction in nominal amount:        15 December 2021

Accrued interest amount:                                  ZAR 31 744 357.02, included in the settlement
amount
Annualised interest rate:                                 10.000%
Interest period:                                          27 August 2021 to 14 December 2021

The partial capital reduction is due to the repurchase of the listed debt securities by DBSA.


14 December 2021

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14-12-2021 11:30:00
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