MW ASSET RENTALS (RF) LIMITED - MWAR18-New Financial Instrument Listing

MWAR18-New Financial Instrument Listing

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

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted approval for a new financial instrument listing to MW Asset Rentals (RF)
Limited under its Lease Receivables Backed Note Programme, sponsored by Nedbank Limited, as follows:

Bond code:                                     MWAR18
Authorised programme size:                     R2,500,000,000.00
Total amount in issue after this issuance:     R2,000,000,000.00
Instrument type:                               Floating rate
Nominal issued:                                R150,000,000.00
Issue price:                                   100%
Interest rate:                                 3-month JIBAR as at 19 May 2025 plus a margin of 170 basis
                                               points
Step-up rate:                                  3-month JIBAR as at 22 November 2027 plus a margin of 228
                                               basis points
Trade type:                                    Price
Scheduled maturity date:                       22 November 2027
Final redemption date:                         22 May 2035
Books close dates:                             12 February to 22 February, 12 May to 22 May, 12 August to
                                               22 August and 12 November to 22 November
Interest payment dates:                        22 February, 22 May, 22 August and 22 November
Last day to register:                          By 17:00 on 11 February, 11 May, 11 August and 11
                                               November
Issue date:                                    22 May 2025
Date convention:                               Modified following business day
Interest commencement date:                    22 May 2025
Interest step-up date:                         22 November 2027
First interest payment date:                   22 August 2025
ISIN:                                          ZAG000215039
Additional information:                        Secured Class A notes

The Applicable Pricing Supplement is available at: https://merchantwest.co.za/mw-asset-rentals/

The notes relating to the new financial instrument ("Notes") will be dematerialised in the Central Securities
Depository ("CSD") and settlement will take place electronically in terms of JSE Rules. For further
information on the notes, please contact:

Corporate Actions                JSE                      +27 11 520 7000

21 May 2025

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

Date: 21-05-2025 08:05:00
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