Sharenet Sites 
Sharenet Sites
DETAILS OF VOTING IN RESPECT OF SASP SERIES 3 NOTEHOLDER RESOLUTIONS APPROVED
South African Securitisation Programme (RF) Limited
(Registration No: 1991/002706/06)
Formerly called South African Securitisation Programme (Proprietary)
Limited
(with registration number 1991/002706/07)
(“South African Securitisation Programme”)
Incorporated with limited liability in the Republic of South Africa
DETAILS OF VOTING IN RESPECT OF SASP SERIES 3 NOTEHOLDER RESOLUTIONS
APPROVED
1. We refer to the Programme Memorandum dated on or about 12 August
2015 establishing the South African Securitisation Programme
(RF) Limited ZAR5 billion Multi-Seller Segregated Asset Backed
Note Programme (the "Programme"), as supplemented by the Series
Supplement dated on or about 8 September 2016 relating to Series
3("SASP Lease and Rentals Series") ("Series 3") under the
Programme (the "Series 3 Supplement").
2. We further refer to:
a. The request for written approval delivered by South African
Securitisation Programme (RF) Limited (the "Issuer") to
each holder of Note(s) issued under Series 3 (the "Series 3
Noteholders"),for the purposes of obtaining the Series 3
Noteholders’ approval in respect of the proposed amendments
to:
i. The Series 3 Supplement, on the basis set out in the
draft supplement to the Series 3 Supplement; and
ii. The Series Subordinated Loan Agreement, on the basis
set out in the draft addendum to the Series
Subordinated Loan Agreement;
b. The request for written approval delivered by the Issuer to
each holder of Class A Note(s) issued under Series 3 (the
"Series 3 Class A Noteholders"), for the purposes of
obtaining the Series 3 Class A Noteholders’ approval in
respect of the proposed amendments to the relevant
Applicable Pricing Supplements for the Class A Notes, on
the basis set out in the draft supplement to the relevant
Applicable Pricing Supplements;
c. The request for written approval delivered by the Issuer to
each holder of Class B Note(s) issued under Series 3 (the
"Series 3 Class B Noteholders"), for the purposes of
obtaining the Series 3 Class B Noteholders’ approval in
respect of the proposed amendments to the relevant
Applicable Pricing Supplements for the Class B Notes, on
the basis set out in the draft supplement to the relevant
Applicable Pricing Supplements; and
d. The request for written approval delivered by the Issuer to
each holder of Class C Note(s) issued under Series 3 (the
"Series 3 Class C Noteholders"), for the purposes of
obtaining the Series 3 Class C Noteholders’ approval in
respect of the proposed amendments to the relevant
Applicable Pricing Supplements for the Class C Notes, on
the basis set out in the draft supplement to the relevant
Applicable Pricing Supplements.
3. The following resolutions have been approved by the Series 3
Noteholders:
a. The amendment of the Series 3 Supplement, on the basis set
out in the draft supplement to the Series 3 Supplement; and
b. The amendment of the Series Subordinated Loan Agreement, on
the basis set out in the draft addendum to the Series
Subordinated Loan Agreement.
4. The following resolutions have been approved by the Series 3
Class A Noteholders, Series 3 Class B Noteholders and Series 3
Class C Noteholders respectively:
a. The amendment of the relevant Applicable Pricing
Supplements for the Class A Notes, on the basis set out in
the draft Supplement to the relevant Applicable Pricing
Supplements;
b. The amendment of the relevant Applicable Pricing
Supplements for the Class B Notes, on the basis set out in
the draft Supplement to the relevant Applicable Pricing
Supplements; and
c. The amendment of the relevant Applicable Pricing
Supplements for the Class C Notes, on the basis set out in
the draft Supplement to the relevant Applicable Pricing
Supplements.
5. In accordance with Condition 22.2 of the Terms and Conditions as
read with paragraph 6.56 of the Debt Listings Requirements, we
hereby confirm that the Series 3 Noteholders, Series 3 Class A
Noteholders, Series 3 Class B Noteholders and Series 3 Class C
Noteholders (as the case may be), approved the aforesaid
proposed amendments by completing and signing the relevant
extraordinary written resolutions.
6. The results of the voting were as follows:
a. 82% of Series 3 Class A Noteholders voted to approve the
amendments,
b. 92% of Series 3 Class B Noteholders voted to approve the
amendments,
c. 87% of Series 3 Class C Noteholders voted to approve the
amendments, and
d. There were no abstentions or votes against the amendments.
7. The Supplement to the Series 3 Supplement, the Supplement to the
relevant Applicable Pricing Supplements and the addendum to the
Series Subordinated Loan Agreement will be made available on the
Series Manager's website (on behalf of the Issuer) at
www.sasfin.co.za and on the JSE’s website at www.jse.co.za.
For further information please contact:
Mr. Dhesegan Govender (Sasfin Bank Limited) (011) 809 7892
Waverley
24 June 2021
Debt Sponsor
Sasfin Bank Limited
Date: 24-06-2021 11:54:00
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.
