AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED - AGRI03 Tap Issue Announcement

AGRI03 Tap Issue Announcement

AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED
Incorporated in the Republic of South Africa with limited
liability
(Registration Number: 2022/521382/06)
JSE Alpha Code: "AGRI03"
ISIN: ZAG000220294
LEI: 378900376E9ADF2BD166
("Agrarius")

AGRI03 TAP ISSUE ANNOUNCEMENT

The JSE Limited has granted approval to Agrarius for a tap issue listing under its ZAR 10 billion Shariah
compliant, sustainability focussed asset-backed note programme dated 19 September 2022, focussed on
transactions in the agriculture sector value chain.

The salient details of the tap issuance are as follows:

 Authorised programme size:          ZAR 10,000,000,000 (ten billion Rand)

 Aggregate principal amount of       ZAR 150,000,000 (one hundred fifty million Rand)
 this tranche:

 Aggregate outstanding principal     The Aggregate Outstanding Principal amount immediately prior to
 amount of all Sukuk (including      the issue and listing of this tranche is ZAR 1,208,009,036.72.
 existing Sukuk) in issue under the
 Programme as at the Issue Date:     The Aggregate Outstanding Principal Amount immediately after the
                                     issue and listing of this Tranche will be ZAR 1,358,009,036.72
                                     comprising of:

                                             •   ZAR 1,180,837,271.51 listed Sukuk Notes; and

                                             •   ZAR 177,171,765.21 unlisted Sukuk Notes.

 Instrument type:                    Floating Rate, Sustainability-linked Asset-Backed Notes, self-labelled
                                     as Sukuk Notes by Agrarius and certified Shari'ah compliant by the
                                     27four Investment Managers Shari'ah Advisory Committee

 Debt security code:                 AGRI03

 Nominal Amount per Sukuk            ZAR1.00 (one Rand)

 Issue Price:                        99.99185% of the Nominal Amount

 Margin:                             3.75% per annum

 Reference Rate:                     For all Periodic Distribution Periods, the 6-month ZAR JIBAR (or such
                                     other generally adopted ZARONIA reference rate to be promulgated
                                     by regulation under the Financial Sector Regulation Act 9 of 2017, as
                                     amended by which it may be succeeded and/or replaced prior to the
                                     Maturity Date).
 
 Maturity date:                      30 September 2028, unless redeemed on any Optional Dissolution
                                     Date and/or Early Dissolution Date. If any such date is not a Business
                                     Day, the date determined in terms of the Following Business Day
                                     Convention.

 Term of the Sukuk:                  33 months and 12 days from the tap issue date.

 Books close period(s):              The Register will be closed from 26 March to 30 March (both dates
                                     inclusive) and 25 September to 29 September (both dates inclusive)
                                     in each year until the Maturity Date.

 Periodic distribution dates:        31 March and 30 September of each year until the Maturity Date and
                                     the Maturity Date or, if any such date is not a Business Day, the date
                                     determined in terms of the Following Business Day Convention.

 Last day to register:               By 17h00 on 25 March and 24 September each year until the Maturity
                                     Date or, if any day is not a Business Day, the last Business Day
                                     immediately preceding the commencement of the Books Closed
                                     Period(s).

 Tap issue date:                     18 December 2025

 Applicable Business Day             Following Business Day Convention
 Convention:

 Periodic distribution               27 October 2025
 commencement date:

 ISIN:                               ZAG000220294

 Status of notes:                    Senior Secured


The applicable pricing supplement for the tap issue is available at https://27four.com/applicable-pricing-
supplement-tap-issue-agri03/


Rosebank
15 December 2025

JSE Debt Officer
Johan Fourie
27four Investment Managers


      JSE Debt Sponsor and
    Transaction Debt Sponsor                  Administrator                         Lead Dealer

  Questco Corporate Advisory           27four Investment Managers            RMB, a division of Firstrand
     Proprietary Limited                  Proprietary Limited                       Bank Limited

Date: 15-12-2025 12:00:00
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