Listing of New Financial Instrument -HWF11 The South African National Roads Agency SOC Limited Incorporated in the Republic of South Africa (Registration number 1998/009584/30) Company code: BINRA Bond Code: HWF11 ISIN: ZAG000160946 (“SANRAL”) LISTING OF NEW FINANCIAL INSTRUMENT – HWF11 The JSE Limited has granted approval for the listing of HWF11 ZAR2 000 000 000 Senior Unsecured Floating Rate Notes, under the amended and restated SANRAL ZAR31 910 000 000 Guaranteed Domestic Medium Term Note Programme dated 13 August 2018 (“Programme Memorandum”), with effect from 15 July 2019. The details pertaining to HWF11 are as follows: Instrument Code: HWF11 ISIN No: ZAG000160946 Instrument Type: Senior Unsecured Floating Rate Notes Nominal Amount: ZAR2 000 000 000.00 Issue Date: 15 July 2019 Issue Price: 100% Interest Rate: 3 Month ZAR-JIBAR-SAFEX plus 147 bps Interest Determination Date(s): 15 October, 15 January, 15 April and 15 July until the Redemption Date with the first Interest Determination Date being 15 July 2019 (subject to the applicable Business Day Convention) Coupon Rate Indicator: Floating Interest Commencement Date: 15 July 2019 Interest Payment Dates: 15 October, 15 January, 15 April and 15 July until the Redemption Date or, if such day is not a Business Day, the Business Day on which the interest will be paid (subject to the applicable Business Day Convention) First Interest Payment Date: 15 October 2019 Applicable Business Day Convention: Following Business Day Last Day to Register: By 17h00 on 4 October, 4 January, 4 April and 4 July of each year until the Redemption Date Books Closed Period: 5 October to 14 October, 5 January to 14 January, 5 April to 14 April and 5 July to 14 July (all dates inclusive) of each year until the Redemption Date Redemption Date: 15 July 2022 Final Redemption Amount: 100% Total Notes in Issue: ZAR25 563 000 000 including this issue Additional terms and conditions: The applicable pricing supplement does not contain additional terms and conditions to the terms and conditions as contained in the Programme Memorandum Additional information: Guaranteed by the government of the Republic of South Africa The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. 12 July 2019 Debt Sponsor One Capital Date: 12/07/2019 08:00:00 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.