THE THEKWINI FUND 18 (RF) LIMITED - TKWI18-Interest Rate Reset

TKWI18-Interest Rate Reset

 The Thekwini Fund 18 (RF) Limited
 (incorporated with limited liability in the Republic of South
 Africa)
 (Registration number: 2015/327 767/06)
Issuer Code: TKWI18

The Thekwini Fund 18 (RF) Limited Interest rate reset

Please note, for the interest period from and including 22 May
2023 to, but excluding, 21 August 2023, the interest rates for
The Thekwini Fund 18 (RF) Limited Notes will be as follows:

  •   R 23 088 498.00 Class OM1 Secured Floating Rate Notes due
      21 August 2023 (the Class Omega Notes)
      (ISIN No. ZAG000190406; JSE Bond Code TH18O1)
  •   R 68 248 310.00 Class OM2 Secured Floating Rate Notes due
      21 November 2023 (the Class Omega Notes)
      (ISIN No. ZAG000191644; JSE Bond Code TH18O2)
  •   R 452 000 000.00 Class A11 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000190323; JSE Bond Code T18A11)
  •   R 733 000 000.00 Class A21 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000190364; JSE Bond Code T18A21)
  •   R 334 000 000.00 Class A12 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000191677; JSE Bond Code T18A12)
  •   R 485 000 000.00 Class A22 Secured Floating Rate Notes
      due 21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000191693; JSE Bond Code T18A22)
  •   R 500 000 000.00 Class A32 Secured Fixed Rate Notes due
      21 August 2057 (the Class A Notes)
      (ISIN No. ZAG000191735; JSE Bond Code T18A32)
  •   R 80 000 000.00 Class B1 Secured Floating Rate Notes due
      21 August 2057 (the Class B Notes)
      (ISIN No. ZAG000190380; JSE Bond Code TH18B1)
  •   R 89 000 000.00 Class B2 Secured Floating Rate Notes due
      21 August 2057 (the Class B Notes)
      (ISIN No. ZAG000191727; JSE Bond Code TH18B2)
  •   R 60 000 000.00 Class C1 Secured Floating Rate Notes due
      21 August 2057 (the Class C Notes)
      (ISIN No. ZAG000190398; JSE Bond Code TH18C1)
  •   R 67 000 000.00 Class C2 Secured Floating Rate Notes due
      21 August 2057 (the Class C Notes)
      (ISIN No. ZAG000191701; JSE Bond Code TH18C2)
  •   R 55 000 000.00 Class D1 Secured Floating Rate Notes due
      21 August 2057 (the Class D Notes)
      (ISIN No. ZAG000190414; JSE Bond Code TH18D1)
  •   R 61 000 000.00 Class D2 Secured Floating Rate Notes due
      21 August 2057 (the Class D Notes)
      (ISIN No. ZAG000191685; JSE Bond Code TH18D2)

(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 22 May 2023 to, but
excluding, 21 August 2023) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 8.108% on
22 May 2023.

  •   Interest   on the   Class OM1 Floating Rate Notes for the
      interest   period   was set at 8.998%
  •   Interest   on the   Class OM2 Floating Rate Notes for the
      interest   period   was set at 8.988%
  •   Interest   on the   Class A11 Floating Rate Notes for the
      interest   period   was set at 9.378%
  •   Interest   on the   Class A21 Floating Rate Notes for the
      interest   period   was set at 9.608%
  •   Interest   on the   Class A12 Floating Rate Notes for the
      interest   period   was set at 9.408%
  •   Interest   on the   Class A22 Floating Rate Notes for the
      interest   period   was set at 9.558%
  •   Interest   on the   Class A32 Fixed Rate Notes for the
      interest   period   was set at 9.450%
  •   Interest   on the   Class B1 Floating Rate Notes for the
      interest   period   was set at 9.808%
  •   Interest   on the   Class B2 Floating Rate Notes for the
      interest   period   was set at 9.758%
  •   Interest   on the   Class C1 Floating Rate Notes for the
      interest   period   was set at 10.508%
  •   Interest   on the   Class C2 Floating Rate Notes for the
      interest   period   was set at 10.308%
  •   Interest   on the   Class D1 Floating Rate Notes for the
      interest   period   was set at 11.508%
  •   Interest   on the   Class D2 Floating Rate Notes for the
      interest   period   was set at 11.308%

22 May 2023

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 22-05-2023 03:12:00
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