FOX STREET 7 (RF) LIMITED - Availability of the Annual Financial Statements

Availability of the Annual Financial Statements

Fox Street 7 (RF) Limited
(Incorporated in the Republic of South Africa)
Registration No. 2019/300623/06
Debt Issuer code: FOX7

FS7A2, ZAG000164823
FS7A3, ZAG000164807
FS7B1, ZAG000164815


AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER

Noteholders are advised that the annual financial statements of the Issuer for the year ended 31 March
2022 (the “2022 AFS”) are available for inspection at the Issuer’s registered office.

The financial statements of the Issuer have also been made available on their website at:
https://www.investec.com/en_za/investec-for-institutions/fixed-income/institutional-sales-and-
structuring/fox-street-7-rf-limited.html

The Issuer advises of restatements to the 2021 annual financial statements which are disclosed in the 2022
AFS relating to:

•   Statement of Comprehensive Income

    An amendment was made to the line item “the Cash flow hedges- effective portion of change in fair
    value” in “Other Comprehensive Income” on the face on the Statement of Comprehensive Income. It
    was amended to reflect the movement in deferred tax for the review period as opposed to reflecting the
    deferred tax from inception to date. Due to this line item being disclosed below “Profit for the year”,
    there was no impact on the Statement of Profit or Loss, Statement of Changes in Equity for the year
    ended 31 March 2021 nor Statement of Financial Position as at 31 March 2021.

•   Statement of Changes in Equity

    The line item “PY CF Hedge Reserve Deferred Tax” in the Statement of Changes in Equity was
    removed and the applicable amount of ZAR2,087,112 was included in the “changes in fair value of
    financial instrument” line item. There was no impact on the closing balances on the Statement of
    Changes in Equity for the year ended 31 March 2021 and the Statement of Financial Position at 31
    March 2021.

•   Note 18

    In the “Maturities of financial liabilities” table as disclosed in Note 18, the “Residential mortgage backed
    securities” line item was updated to include future contractual undiscounted interest cash flows as
    opposed to only the carrying amounts. There was no other impact on the 2021 AFS and 2022 AFS.

The above is detailed in Note 22 of the 2022 AFS.

Noteholders are further advised that the audit report on the 2022 AFS of the Issuer was unqualified, with
no modifications applicable.


29 July 2022

Debt Sponsor
Investec Bank Limited (acting on behalf of Fox Street 7 (RF) Limited)

Date: 29-07-2022 11:25:00
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