AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED - Approval of R10bn Shariah Compliant, Sustainability Related Asset-Backed Note Programme

Approval of R10bn Shari’ah Compliant, Sustainability Related Asset-Backed Note Programme

AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED
Incorporated in the Republic of South Africa with limited liability
(Registration Number: 2022/521382/06)
Alpha Code: “AGRI”
(“Agrarius Sustainability Engineered” or “the Company”)


APPROVAL OF R10BN SHARI’AH COMPLIANT, SUSTAINABILITY RELATED ASSET-
BACKED NOTE PROGRAMME

Agrarius Sustainability Engineered is pleased to announce that the JSE Limited (“JSE”) has
registered and approved its ZAR10 billion Shari’ah compliant, sustainability related asset-
backed note programme (“Agrarius Note Programme”) on 21 September 2022.

Proceeds raised under the Agrarius Note Programme will be invested by the Company in
sustainable and green projects in the agriculture sector value chain.

Subject to the requisite regulatory approvals being obtained, the Company intends to, in terms
of the inaugural issue under the Agrarius Note Programme, issue Shari’ah compliant,
sustainability-linked asset-backed Sukuk notes (“Agrarius Sukuk”), to be listed on the JSE’s
debt market, under “structured instruments” (“Inaugural Issue”).

The Company, in consultation with Moore Debt Advisory Jhb, is currently engaging the market
on the preferred terms for the Inaugural Issue and a further announcement will be published
by the Company in due course.

Generally speaking, a sukuk is a Shari’ah compliant, fixed-income instrument (“Sukuk”) that
generates periodic profit distributions similar to the coupons of conventional fixed-income
instruments, such as corporate debt instruments or government bonds. A Sukuk represents an
investor’s proportional interest in a pool of assets, and such investor’s entitlement to the profit
being generated from those assets. The Agrarius Sukuk will be the first of its kind to be listed
and traded on the JSE. The alpha code of Agrarius Sustainability Engineered is “AGRI”.

The Agrarius Note Programme documentation is available for download from the websites of
the      JSE      at     https://www.jse.co.za     and       the       Company        at
https://www.27four.com/agrarius/investorcentre.

22 September 2022
Rosebank

JSE Debt Sponsor – Questco Corporate Advisory Proprietary Limited
JSE Debt Officer – Johan Fourie, 27four Investment Managers


           JSE Debt Sponsor                          Administrator
Questco Corporate Advisory Proprietary       27four Investment Managers
               Limited

                                                      Legal Advisor
             Legal Advisor                  Fasken Martineau DuMoulin LLP
        Cliffe Dekker Hofmeyr             (incorporated in South Africa as Bell
                                                      Dewar Inc.)


           Shari’ah Board                            Lead Dealer
 27four Shari’ah Advisory Committee            Moore Debt Advisory JHB


                                                  Company Secretary
   Paying, Transfer & Settlement Agent       Fusion Corporate Secretarial
First Rand Bank Limited (acting through      Services Proprietary Limited
    its Rand Merchant Bank division)

Date: 22-09-2022 03:30:00
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