City Of Tshwane DMTN Programme Update CITY OF TSHWANE METROPOLITAN MUNICIPALITY (A municipality as described in section 2 of the Local Government Municipal Systems Act, 2000, duly established in terms of Notice No. 6770, promulgated in the Provincial Gazette Extraordinary of 1 October 2000 in terms of section 12(1) read with section 14(2) of the Local Government : Municipal Structures Act, 1998, as amended) (Issuer code: CTMM) (City of Tshwane or the Issuer) NOTIFICATION OF UPDATE OF CITY OF TSHWANE METROPOLITAN MUNICIPALITY (the Issuer) DOMESTIC MEDIUM TERM NOTE PROGRAMME In terms of the JSE Limited’s (JSE) Debt Listings Requirements, holders of notes are advised that the Issuer’s 2012 Programme Memorandum has been updated by an amended and restated Programme Memorandum dated 22 June 2018, which was approved by the JSE on 22 June 2018 (the Updated Programme Memorandum). The Updated Programme Memorandum is available for inspection on the Issuer’s website at the following link: http://www.tshwane.gov.za/PublicParticipation/Programme%20Memorandum_Executed.pdf A summary of the material changes to the Updated Programme Memorandum are as follows: - increasing the authorised programme amount from R4,500,000,000 to R5,500,000,000; - aligning the Updated Programme Memorandum with the latest JSE Debt Listings Requirements, Strate settlement requirements and other applicable legislation; - introducing conditions dealing with the Redemption in the event of a failure to maintain JSE Listing and/or Rating” and “Clean-up Call Option” provisions; and - amending the threshold provisions for “Cross Default”, “Material Indebtedness” and “Permitted Encumbrances”. Johannesburg 25 June 2018 Debt Sponsor Absa Bank Limited (acting through its Corporate and Investment Bank division) Date: 25/06/2018 03:00:00 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.