THE THEKWINI FUND 20 (RF) LIMITED - TKWI20 Interest rate reset

TKWI20 Interest rate reset

THE THEKWINI FUND 20 (RF) LIMITED
 Incorporated in South Africa as a public company
 with limited liability under registration number
 2018/418593/06)
Issuer Code: TKWI20

The Thekwini Fund 20 (RF) Limited Interest rate reset

Please note, for the interest period from and including 21 November 2025 to, but excluding, 23 February 2026, the
interest rates for The Thekwini Fund 20 (RF) Limited Notes will be as follows:

  •   R 87 858 039.00 Class OM1 Secured Floating Rate Notes due
      21 May 2026 (the Class Omega Notes)
      (ISIN No. ZAG000216870; JSE Bond Code TH20O1)
  •   R 155 000 000.00 Class OM2 Secured Floating Rate Notes
      due 21 November 2026 (the Class Omega Notes)
      (ISIN No. ZAG000219726; JSE Bond Code TH20O2)
  •   R 540 000 000.00 Class A11 Secured Floating Rate Notes
      due 21 May 2062 (the Class A Notes)
      (ISIN No. ZAG000216755; JSE Bond Code T20A11)
  •   R 395 000 000.00 Class A12 Secured Floating Rate Notes
      due 21 May 2062 (the Class A Notes)
      (ISIN No. ZAG000219684; JSE Bond Code T20A12)
  •   R 877 000 000.00 Class A21 Secured Floating Rate Notes
      due 21 May 2062 (the Class A Notes)
      (ISIN No. ZAG000216789; JSE Bond Code T20A21)
  •   R 739 000 000.00 Class A22 Secured Floating Rate Notes
      due 21 May 2062 (the Class A Notes)
      (ISIN No. ZAG000219692; JSE Bond Code T20A22)
  •   R 90 000 000.00 Class B1 Secured Floating Rate Notes due
      21 May 2062 (the Class B Notes)
      (ISIN No. ZAG000216763; JSE Bond Code TH20B1)
  •   R 74 000 000.00 Class B2 Secured Floating Rate Notes due
      21 May 2062 (the Class B Notes)
      (ISIN No. ZAG000219700; JSE Bond Code TH20B2)
  •   R 90 000 000.00 Class C1 Secured Floating Rate Notes due
      21 May 2062 (the Class C Notes)
      (ISIN No. ZAG000216748; JSE Bond Code TH20C1)
  •   R 74 000 000.00 Class C2 Secured Floating Rate Notes due
      21 May 2062 (the Class C Notes)
      (ISIN No. ZAG000219718; JSE Bond Code TH20C2)
  •   R 77 000 000.00 Class D1 Secured Floating Rate Notes due
      21 May 2062 (the Class D Notes)
      (ISIN No. ZAG000216722; JSE Bond Code TH20D1)
  •   R 63 000 000.00 Class D2 Secured Floating Rate Notes due
      21 May 2062 (the Class D Notes)
      (ISIN No. ZAG000219734; JSE Bond Code TH20D2)
(Collectively, the Notes)

Notice is hereby given, in accordance with condition 8.4. of the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 21 November 2025 to, but excluding, 23 February 2026) based on JIBAR for 3-month
Rand deposits for the floating rate Notes, was fixed at 6.783% on 21 November 2025.

  •   Interest   on the   Class OM1 Floating Rate Notes for the
      interest   period   was set at 7.443%
  •   Interest   on the   Class OM2 Floating Rate Notes for the
      interest   period   was set at 7.363%
  •   Interest   on the   Class A11 Floating Rate Notes for the
      interest   period   was set at 7.903%
  •   Interest   on the   Class A12 Floating Rate Notes for the
      interest   period   was set at 7.883%
  •   Interest   on the   Class A21 Floating Rate Notes for the
      interest   period   was set at 8.003%
  •   Interest   on the   Class A22 Floating Rate Notes for the
      interest   period   was set at 7.983%
  •   Interest   on the   Class B1 Floating Rate Notes for the
      interest   period   was set at 8.203%
  •   Interest   on the   Class B2 Floating Rate Notes for the
      interest   period   was set at 8.183%
  •   Interest   on the   Class C1 Floating Rate Notes for the
      interest   period   was set at 8.603%
  •   Interest   on the   Class C2 Floating Rate Notes for the
      interest   period   was set at 8.533%
  •   Interest   on the   Class D1 Floating Rate Notes for the
      interest   period   was set at 9.533%
  •   Interest   on the   Class D2 Floating Rate Notes for the
      interest   period   was set at 9.403%


21 November 2025

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 21-11-2025 02:43:00
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