Exxaro - update to note programme

This announcement is an amendment to the previous announcement released on the 13th of June 2019 indicating the programme size as R2,000,000,000.00 instead of the correct amount of R5 000 000 000.00. All other information remains correct. Below is the summary of the changes.

The Issuer has received approval from the JSE Ltd. ("JSE") in relation to its amended and restated programme memorandum dated 7 June 2019 (the "Amended and Restated Programme Memorandum"), pursuant to which the Issuer may from time to time issue notes on the terms and conditions set out in the Amended and Restated Programme Memorandum.

A summary of the changes effected in the Amended and Restated Programme Memorandum include:
*aligning the Issuer and JSE responsibility statements with the exact wording in the JSE Debt Listings Requirements ("JSE DLRs");
*changing references to the "BESA Guarantee Fund" to "JSE Debt Guarantee Fund";
*introducing definitions for the "Interest Period", "Interest Payment Dates" and "Determination Dates" into the pro forma Applicable Pricing Supplement;
*amending Condition 19 "Notices" to be aligned with the JSE DLRs;
*amending Condition 21 "Meeting of Noteholders/Consent Process" to be aligned with the new Companies Act, 2008 (meetings of shareholder provisions);
*introduction of a written "Consent Process" by way of Extraordinary Resolution. These amendments were introduced alongside the Meeting of Noteholders;
*amendments to the definition of "Extraordinary Resolution" and the application thereof throughout the Terms and Conditions;
*further minor clean-up changes pursuant to the JSE DLRs;
*updating the Programme Memorandum to provide for the recent amendments from Strate in terms of settlement, for example all references to the "CSD Nominees" have been deleted; and
*updating the Issuer disclosure and incorporating same by reference pursuant to the information statement dated 7 June 2019 (the "Information Statement").

The Amended and Restated Programme Memorandum and Information Statement is available for inspection at the registered office of the Issuer and has also been made available for inspection on the Issuer's website at www.exxaro.com/assets/images/Programme-Memorandum_Executed_10083094_1.PDF. The Amended and Restated Programme Memorandum will also be available for inspection on the JSE's website at www.jse.co.za.

2019-06-21 17:24:34