MW ASSET RENTALS (RF) LIMITED - Refinancing notice

Refinancing notice

Refinancing Notice – MWAR04

MW ASSET RENTALS (RF) LIMITED
Reg No 2002/030074/06
Incorporated in the Republic of South Africa
JSE alpha code: MWSI
("MWAR")

REFINANCING NOTICE

Noteholders are referred to MWAR's ZAR 2,500,000,000 Lease Receivables Backed Note Programme
dated 9 November 2016 and are advised that MWAR intends to issue new notes (the "Refinancing
Notes") on 22 November 2022 (the "Refinance Date") in order to redeem the MWAR04 notes with a
scheduled maturity date of 22 November 2022 (the "Refinanced Notes").

The Refinanced Notes will be redeemed at the aggregate principal amount outstanding, on the
Refinance Date, utilising the proceeds from the Refinancing Notes.

It is recorded that MWAR is entitled to withdraw this Refinancing Notice at any time prior to the
issue of the Refinancing Notes and, following such withdrawal, will not be entitled to issue any
further tranches of notes with respect to such Refinanced Notes.

12 August 2022

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 12-08-2022 10:00:00
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