THE THEKWINI FUND 11 (RF) LIMITED - The Thekwini Fund 11 (RF) Limited Interest Rate Resets

The Thekwini Fund 11 (RF) Limited Interest Rate Resets

The Thekwini Fund 11 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number 2013/020 930/06)
Instrument Code: TH11A2 ISIN: ZAG000107335
Instrument Code: TH11A3 ISIN: ZAG000107327
Instrument Code: TH11A5 ISIN: ZAG000110297
Instrument Code: TH11A6 ISIN: ZAG000110305
Instrument Code: TH11A8 ISIN: ZAG000114323
Instrument Code: TH11B1 ISIN: ZAG000107343
Instrument Code: TH11B2 ISIN: ZAG000110313
Instrument Code: TH11B3 ISIN: ZAG000114331
Instrument Code: TH11C1 ISIN: ZAG000107350
Instrument Code: TH11C2 ISIN: ZAG000110263
Instrument Code: TH11C3 ISIN: ZAG000114349
Instrument Code: TH11D1 ISIN: ZAG000107368
Instrument Code: TH11D2 ISIN: ZAG000110271
Instrument Code: TH11D3 ISIN: ZAG000114356

The Thekwini Fund 11 (RF) Limited Interest Rate Resets

Please note, for the interest period from and including
18 January 2018 to, but excluding, 18 April 2018, the interest
rates for The Thekwini Fund 11 (RF) Limited Notes will be as
follows:


  •   R 456 162 596.00 Class A2 Secured Floating Rate Notes due
      18 July 2041 (the Class A2 Notes) (ISIN No. ZAG000107335;
      Instrument Code TH11A2)

  •   R 45 000 000.00 Class A3 Secured Fixed Rate Notes due 18
      July 2041 (the Class A3 Notes) (ISIN No. ZAG000107327;
      Instrument Code TH11A3)*

  •   R 395 036 808.00 Class A5 Secured Floating Rate Notes due
      18 July 2041 (the Class A5 Notes) (ISIN No. ZAG000110297;
      Instrument TH11A5)

  •   R 253 000 000.00 Class A6 Secured Fixed Rate Notes due 18
      July 2041 (the Class A6 Notes) (ISIN No. ZAG000110305;
      Instrument Code TH11A6)*

  •   R 759 054 561.00 Class A8 Secured Floating Rate Notes due
      18 July 2041 (the Class A8 Notes) (ISIN No. ZAG000114323;
      Instrument Code TH11A8)
  •   R 59 000 000.00 Class B1 Secured Floating Rate Notes due
      18 July 2041 (the Class B1 Notes) (ISIN No. ZAG000107343;
      Instrument Code TH11B1)

  •   R 66 000 000.00 Class B2 Secured Floating Rate Notes due
      18 July 2041 (the Class B2 Notes) (ISIN No. ZAG000110313;
      Instrument Code TH11B2)

  •   R 67 000 000.00 Class B3 Secured Floating Rate Notes due
      18 July 2041 (the Class B3 Notes) (ISIN No. ZAG000114331;
      Instrument Code TH11B3)

  •   R 48 000 000.00 Class C1 Secured Floating Rate Notes due
      18 July 2041 (the Class C1 Notes) (ISIN No. ZAG000107350;
      Instrument Code TH11C1)

  •   R 54 000 000.00 Class C2 Secured Floating Rate Notes due
      18 July 2041 (the Class C2 Notes) (ISIN No. ZAG000110263;
      Instrument Code TH11C2)

  •   R 45 000 000.00 Class C3 Secured Floating Rate Notes due
      18 July 2041 (the Class C3 Notes) (ISIN No. ZAG000114349;
      Instrument Code TH11C3)

  •   R 18 000 000.00 Class D1 Secured Floating Rate Notes due
      18 July 2041 (the Class D1 Notes) (ISIN No. ZAG000107368;
      Instrument Code TH11D1)

  •   R 20 000 000.00 Class D2 Secured Floating Rate Notes due
      18 July 2041 (the Class D2 Notes) (ISIN No. ZAG000110271;
      Instrument Code TH11D2)

  •   R 29 000 000.00 Class D3 Secured Floating Rate Notes due
      18 July 2041 (the Class D3 Notes) (ISIN No. ZAG000114356;
      Instrument Code TH11D3)

(Collectively, the Notes)

Notice is hereby given, in accordance with condition 8.3.of
the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 18 January 2018 to,
but excluding, 18 April 2018), based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 7.150% on
18 January 2018.

  •   Interest on the Class A2 Floating Rate Notes for the
      interest period was set at 8.700%.
  •  Interest on the   Class A3 Fixed Rate Notes for the
     interest period   was set at 8.730%.*
  • Interest on the    Class A5 Floating Rate Notes for the
     interest period   was set at 8.640%.
  • Interest on the    Class A6 Fixed Rate Notes for the
     interest period   was set at 8.200%.*
  • Interest on the    Class A8 Floating Rate Notes for the
     interest period   was set at 8.640%.
  • Interest on the    Class B1 Floating Rate Notes for the
     interest period   was set at 9.150%.
  • Interest on the    Class B2 Floating Rate Notes for the
     interest period   was set at 9.040%.
  • Interest on the    Class B3 Floating Rate Notes for the
     interest period   was set at 9.000%.
  • Interest on the    Class C1 Floating Rate Notes for the
     interest period   was set at 10.030%.
  • Interest on the    Class C2 Floating Rate Notes for the
     interest period   was set at 9.990%.
  • Interest on the    Class C3 Floating Rate Notes for the
     interest period   was set at 9.640%.
  • Interest on the    Class D1 Floating Rate Notes for the
     interest period   was set at 13.150%.
  • Interest on the    Class D2 Floating Rate Notes for the
     interest period   was set at 13.190%.
  • Interest on the    Class D3 Floating Rate Notes for the
     interest period   was set at 12.990%.
*Fixed note interest   is paid semi-annually.

18 January 2018
Debt Sponsor
The Standard Bank of South Africa Limited

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