INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - Notice to Increase Nominal Amount of Programme - IN02

Notice to Increase Nominal Amount of Programme - IN02

INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1940/014201/06)
(Bond Issuer Code: IN02)
("IDC" or the "Corporation")


NOTICE TO INCREASE NOMINAL AMOUNT OF THE PROGRAMME

Noteholders are advised that, pursuant to the section entitled General Description of the
Programme of the Amended and Updated Programme Memorandum dated
23 September 2021, the aggregate Programme Amount shall be increased to
ZAR50 billion from ZAR40 billion.

All references to the current Programme Amount in the Amended and Restated
Programme Memorandum and any other relevant documents will be deemed amended
accordingly.

The increase is effective from the 30th of October 2023.


Sandton
30 October 2023


Debt Sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking division

Date: 30-10-2023 01:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.