SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED - DETAILS OF VOTING IN RESPECT OF SASP SERIES 1 NOTEHOLDER RESOLUTIONS APPROVED

DETAILS OF VOTING IN RESPECT OF SASP SERIES 1 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 1 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 12 August 2015 relating to Series 1
     ("Equipment Rental Securitisation Series") ("Series 1") under
     the Programme (as amended on or about 28 January 2016) (the
     "Series 1 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 1 (the "Series 1
          Noteholders"), for the purposes of obtaining the Series 1
          Noteholders’ approval in respect of the proposed amendment
          of the Series 1 Supplement, on the basis set out in the
          draft second supplement to the Series 1 Supplement;
       b. The request for written approval delivered by the Issuer to
          each holder of Class A Note(s) issued under Series 1 (the
          "Series 1 Class A Noteholders"), for the purposes of
          obtaining the Series 1 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 1 (the
          "Series 1 Class B Noteholders"), for the purposes of
          obtaining the Series 1 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 1 (the
        "Series 1 Class C Noteholders"), for the purposes of
        obtaining the Series 1 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 resolution has been approved by the Series 1
   Noteholders:
   The amendment of the Series 1 Supplement, on the basis set out
   in the draft second supplement to the Series 1 Supplement.
4. The following resolutions have been approved by the Series 1
   Class A Noteholders, Series 1 Class B Noteholders and Series 1
   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 1 Noteholders, Series 1 Class A
   Noteholders, Series 1 Class B Noteholders and Series 1 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. 83% of Series 1 Class A Noteholders voted to approve the
        amendments,
     b. 98% of Series 1 Class B Noteholders voted to approve the
        amendments,
     c. 93% of Series 1 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 1 Supplement and the Supplement to
   the relevant Applicable Pricing Supplements 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 11:55:00
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.