SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED - Notice of Issuance

Notice of Issuance

South African Securitisation Programme (RF) Limited
Registration No: 1991/002706/06
Incorporated with limited liability in the Republic of South Africa

SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED ZAR5 000 000 000
MULTI-SELLER SEGREGATED ASSET BACKED NOTE PROGRAMME SERIES 3: NOTICE
OF ISSUANCE OF NOTES PURSUANT TO A REFINANCING OPTION EXERCISED IN
TERMS OF SERIES CONDITION 2.2.2.1

  1. Capitalised terms used but     not defined herein shall bear the
     meaning ascribed to them in     the Series 3 Supplement issued by
     South African Securitisation    Programme (RF) Limited on or about
     8 September 2016, as amended   or supplemented from time to time.

  2. In terms of Series Condition 2.2.2.1, the Issuer is entitled,
     subject to the Series Sellers' prior written consent and upon
     written notice to the Noteholders, to issue one or more Tranche(s)
     of Notes pursuant to a Refinancing Option during the Refinancing
     Period in order to redeem all, but not some only, of the Refinanced
     Notes.

  3. We hereby give notice of the issuance on 15 August 2025 of the
     following Tranches of Notes pursuant to a Refinancing Option
     exercised in accordance with Series Condition 2.2.2.1:

      3.1. Tranche 34 of Series 3 ("SASP Lease and Rentals Series")
           of the Notes, comprising ZAR323 000 000 Class A13 Notes
           (to be listed on the Interest Rate Market of the JSE);

      3.2. Tranche 35 of Series 3 ("SASP Lease and Rentals Series")
           of the Notes, comprising ZAR18 000 000 Class B13 Notes (to
           be listed on the Interest Rate Market of the JSE); and

       3.4.Tranche 36 of Series 3 ("SASP Lease and Rentals Series")
           of the Notes, comprising ZAR30 000 000 Class C13 Notes (to
           be listed on the Interest Rate Market of the JSE).

  4. We confirm that each Series Seller's written consent has been
     obtained in accordance with Series Conditions 2.1.1.19 and
     2.2.2.1.

  5. KPMG furnished a report during September 2016 pursuant to
     paragraphs 15(1)(a)(ii) and 16(2)(a)(vii) of the Securitisation
     Regulations in relation to Series 3, as outlined in the Series 3
     Supplement and the Applicable Pricing Supplements issued under
     Series 3. We confirm that no subsequent Auditor's report has been
     furnished in terms of paragraphs 15(1)(a)(ii) and 16(2)(a)(vii)
     of the Securitisation Regulations.

For further information, please contact:

Harriet Anne Heymans (Sasfin Bank Limited)   (011) 809 7500


14 August 2025

Debt Sponsor
Sasfin Bank Limited

Date: 14-08-2025 10:55:00
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