EMIRA PROPERTY FUND LIMITED - EPF022 - Step Down Event and Interest Payment Notification

EPF022 - Step Down Event and Interest Payment Notification

Emira Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2014/130842/06)
Company code: EMII
(Approved as a REIT by the JSE)
Bond code: EPF022        ISIN: ZAG000176892
(“Emira” or the “Issuer”)


STEP DOWN EVENT AND INTEREST PAYMENT NOTIFICATION

STEP DOWN EVENT

Noteholders are referred to Annexure A - additional terms and conditions contained in the applicable
pricing supplement relating to the EPF022 Notes and are advised that the Issuer has met all Key
Performance Indicator Conditions to the satisfaction of the Sustainability Agent.

Accordingly, the step-down event has occurred in accordance with paragraph 1.4 of Annexure A of
the applicable pricing supplement. The Initial Margin will be decreased by 5 basis points from 210
basis points to 205 basis points.

The sustainability certificate, including the key performance indicator auditor’s reports are available
on Emira’s website at: https://emira.co.za/investors/dmtn/.

INTEREST PAYMENT NOTIFICATION

Noteholders are further advised of the following interest payment due on 29 May 2023:

Bond code:                      EPF022
ISIN:                           ZAG000176892
Coupon:                         9.500%
Interest amount due:            ZAR 8 901 369.86
Interest period:                28 February 2023 to 28 May 2023
Payment date:                   29 May 2023
Date Convention:                Following Business Day


15 May 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15-05-2023 05:35:00
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