Revised Interest Rate Reset - TORQ2 - TORQ6 - 15Aug14

Market Notice - Revised

Date: 15 August 2014

Subject: Interest Rate Reset

TORQUE SECURITISATION (RF) LIMITED

TORQ2 7.475% p.a. (140bps over 6.075%) for the period 15 Aug 2014 to 16 Nov 2014,
payable on 17 Nov 2014 (following*). Next reset: 17 Nov 2014
TORQ3 7.665% p.a. (159bps over 6.075%) for the period 15 Aug 2014 to 16 Nov 2014,
payable on 17 Nov 2014 (following*). Next reset: 17 Nov 2014
TORQ4 7.685% p.a. (161bps over 6.075%) for the period 15 Aug 2014 to 16 Nov 2014,
payable on 17 Nov 2014 (following*). Next reset: 17 Nov 2014
TORQ5 8.625% p.a. (255bps over 6.075%) for the period 15 Aug 2014 to 16 Nov 2014,
payable on 17 Nov 2014 (following*). Next reset: 17 Nov 2014
TORQ6 13.75% p.a. (450bps over Prime Rate) for the period 15 Aug 2014 to 16 Nov 2014,
payable on 17 Nov 2014 (following*). Next reset: 17 Nov 2014

JIBAR rates as at 15 Aug 2014:

1 Month 5.967%

3 Month 6.075%

6 Month 6.625%

Prime Rate:

9.25%

* When the Interest Payment Date falls on a non business day one of the following Date Conventions will be applied, as specified for each individual bond:

1.  Following – This means that the interest will be paid on the first business day after the weekend or public holiday.

2.  Modified Following – The same rule as above applies. However, if the first business day after the weekend or public holiday falls in a new calendar month the last business day before the weekend / public holiday will be used instead.

3.  Preceding – This means that the interest will be paid on the last business day before the weekend or public holiday.

Further information on the Note issued please contact:

Noeline Sangion JSE (011) 520 7153

Mari Vink JSE (011) 520 7154

Courtney Galloway JSE (011) 520 7603

Diboko Ledwaba JSE (011) 520 7222

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