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 80 000 000 000 Domestic Medium Term
Note Programme memorandum 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 7 796 460 610.00
Reduction of nominal amount:                              ZAR 400 000 000.00
Nominal amount after reduction:                           ZAR 7 396 460 610.00
Settlement / redemption amount:                           ZAR 414 713 280.00
Pay date of the repurchase and accrued interest:          23 December 2022
Effective date of the reduction in nominal amount:        28 December 2022

Accrued interest amount:                                  ZAR 12 931 520.00, included in the settlement
                                                          amount
Annualised interest rate:                                 10.00%
Interest period:                                          29 August 2022 to 22 December 2022

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



23 December 2022

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

Date: 23-12-2022 11:00:00
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