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UsPlus - Listing of New Financial Instrument
Us Plus Limited
Incorporated in the Republic of South Africa
(Registration number 2014/048709/06)
Stock Code: USPN02 ISIN Code: ZAG000221284
("UsPlus")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited ("JSE") has, with effect from 27 November 2025, granted UsPlus the listing of its
Senior Unsecured Floating Rate Notes, USPN02, due 27 November 2026, issued in terms of the
Us Plus Limited ZAR1,000,000,000 Domestic Medium Term Note Programme ("Programme").
Total Notes in issue under the Programme (including this issuance): ZAR160,000,000.00
Instrument Code: USPN02
ISIN: ZAG000221284
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR60,000,000.00
Issue Date: 27 November 2025
Issue Price: 100%
Interest Payment Basis: Floating Rate Notes
Margin: 3 month JIBAR plus 650 basis points
Interest Periods(s): Each period commencing on (and including) one
Floating Interest Payment Date and ending on (but
excluding) the following Floating Interest Payment Date;
provided that:
1) the first Interest Period will commence on the
Interest Commencement Date and end on (but
exclude) the following Floating Interest Payment
Date (each Floating Interest Payment Date as
adjusted in accordance with the Applicable Business
Day Convention); and
2) the last Interest Period shall end on (but exclude)
the Maturity Date.
Interest Commencement Date: Issue Date
Floating Interest Payment Dates: 27 December, 27 January, 27 February, 27 March,
27 April, 27 May, 27 June, 27 July, 27 August,
27 September, 27 October and 27 November in each
year up to and including the Maturity Date or, if such day
is not a Business Day, the Business Day on which the
interest will be paid, as determined in accordance with
the Applicable Business Day Convention.
Interest Rate Determination Dates: Each Floating Interest Payment Date in each year up to
the Maturity Date but the first Interest Rate
Determination Date shall be 27 November 2025.
First Interest Payment Date: 27 December 2024
Business Day Convention: Following Business Day Convention
Last Day to Register: The last Business Day prior to each Books Closed
Period.
Books Closed Periods: The Register will be closed from:
• 19 December to 26 December,
• 19 January to 26 January,
• 19 February to 26 February,
• 19 March to 26 March,
• 19 April to 26 April,
• 19 May to 26 May,
• 19 June to 26 June,
• 19 July to 26 July,
• 19 August to 26 August,
• 19 September to 26 September,
• 19 October to 26 October, and
• 19 November to 26 November,
(all dates inclusive) in each year until the Maturity Date.
Maturity Date: R60 000 000,00 on 27 November 2026 (as adjusted in
accordance with the Applicable Business Day
Convention) unless redeemed at a different date by
agreement, in which case, such different date.
Final Redemption Amount: The Issue Price
Additional Terms: Please refer to Schedule 1 to the Applicable Pricing
Supplement headed "Amended Terms and Conditions".
Other Provisions: Please refer to Schedule 1 to the Applicable Pricing
Supplement headed "Amended Terms and Conditions".
Notes will be deposited in the Central Depository ("CSD") and settlement will take place
electronically in terms of the JSE Rules.
There are no additional terms and conditions or changes to the terms and conditions to the
Programme which are contained in the Applicable Pricing Supplement, other than as set out in
Schedule 1 to the Applicable Pricing Supplement headed "Amended Terms and Conditions".
Johannesburg
26 November 2025
Debt Sponsor
Merchantec Capital
Date: 26-11-2025 08:30:00
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