REPUBLIC OF SOUTH AFRICA - Introduction of new 7-year floating-rate note

Introduction of new 7-year floating-rate note

REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
("National Treasury")

INTRODUCTION OF NEW 7-YEAR FLOATING-RATE NOTE

The National Treasury remains committed to financing its gross borrowing requirements in a
sustainable and cost-effective manner while adhering to its strategic risk benchmarks. In line with
this commitment, a new 7-year floating rate note ("FRN") will be introduced in 2025/26.

The new FRN will be included in the 2025/26 switch auction, in accordance with the auction
calendar available on the investor relations page on the National Treasury's website
(https://investor.treasury.gov.za/Calendars%20and%20Events/Forms/AllItems.aspx?RootFolder=
%2FCalendars%20and%20Events%2FSwitch%20auctions&FolderCTID=0x0120000C3772E321
2A534C808889A0435DE1FE&View={6FD9ED75-EA15-406B-99CA-99FC06B0586F}).

Further details regarding the specifics of the new FRN will be made available closer to the auction.

For further enquiries contact:

Terry Bomela-Msomi
Director: Debt Issuance and Management
012 315 5753 / +27 66 289 2492

Pretoria
17 March 2025

Debt Sponsor
One Capital

Date: 17-03-2025 02:10:00
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