VERDURE FINANCE (RF) LIMITED - Availability of Quarterly Investor Report and Financial Covenants Notification

Availability of Quarterly Investor Report and Financial Covenants Notification

Verdure Finance (RF) Limited
(Formerly Verdure Finance Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2025/486225/06)
LEI: 37897FTVLJRSEZYJ3V38
Issuer code: VDFI
Bond Code: VF01A                 ISIN: ZAG000220765
("Verdure" or the "Issuer")

AVAILABILITY OF QUARTERLY INVESTOR REPORT AND FINANCIAL COVENANTS
NOTIFICATION

Unless expressly defined in this announcement, capitalised terms herein have the meaning ascribed to
them in the Applicable Transaction Supplement dated 31 October 2025 ("Applicable Transaction
Supplement"), under Verdure's ZAR2,000,000,000 Asset-Backed Securities Programme
Memorandum dated 8 October 2025.


Availability of Quarterly Report

Noteholders are hereby advised that Verdure's quarterly investor report for the period 7 November 2025
to 3 December 2025 ("Period"), ("Investor Report") is available for viewing and download from the
Issuer's website:

https://verdurefund.com/wp-content/uploads/2026/01/verdure-finance-rf-limited-2026-01-15.pdf

Financial Covenants Notification

In accordance with clause 3 of the terms and conditions of the Applicable Transaction Supplement,
noteholders are further advised that the financial covenant measurements for the Period are as follows:

 Covenant                               Default Covenant Levels         Reported covenants at end
                                                                                    of the Period1
 Historic Debt Service Cover                               1.05                               1.13
 Ratio2
 Prospective   Debt    Service                             1.05                               1.17
 Cover Ratio
 Loan Life Cover Ratio                                     1.05                               1.16


Notes:
   1. Based on management accounts.
   2. Historic Debt Service Cover Ratio calculations are based on a period of 26 days.

Details of the financial covenants as contemplated in the Applicable Transaction Supplement are
included in the Investor Report. The Issuer confirms that none of the financial covenants in respect
thereof were breached during the Period.

Johannesburg
15 January 2026


Debt sponsor
Questco Proprietary Limited

Date: 15-01-2026 11:54:00
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