FOX STREET 2 (RF) LIMITED - Fox Street 2 (RF) Limited - Originator Call Option

Fox Street 2 (RF) Limited - Originator Call Option

Fox Street 2 (RF) Limited

JSE Code: FS2A5

ISIN No:   ZAG000112715



Notice to Class A5 Noteholders

Originator Call Option



1   Fox   Street 2   (RF)    Limited   ("Issuer")   established   a
    ZAR3,000,000,000   residential    mortgage  backed   securities
    programme (the "Programme") pursuant to the programme
    memorandum   dated    10    February   2014   (the   "Programme
    Memorandum"), in terms of which the Issuer may issue Notes
    from time to time.


2   Capitalised terms and expressions used herein and not
    otherwise defined herein, shall bear the meanings ascribed
    thereto in the section of the Programme Memorandum titled
    "Terms and Conditions of the Notes" under the heading titled
    "Interpretation".


3   This notice is delivered to the Class A5 Noteholders in
    accordance with Condition 17.3 of the Terms and Conditions
    contained in the Programme Memorandum.


4   Condition 7.4.4 (Originator Call Option) of the Terms and
    Conditions provides that –

       "On any Quarterly Payment Date after the Originator Call
       Option Date and provided that there are still Notes in
       issue, the Originator shall have the right to purchase
       any or all of the Notes in issue upon giving not more
       than 30 (thirty) nor less than 20 (twenty) days' notice
       to the Security SPV and the Noteholders, which notice
       shall be irrevocable, at their Outstanding Principal
       Amount (together with accrued interest thereon) less the
       balance of any Principal Deficiency recorded in the
       relevant Principal Deficiency Ledger."
5   The Originator Call Option Date for the Class A5 Notes was 20
    February 2019, as per item 68(d) of the Applicable Pricing
    Supplement.

6   Accordingly, the Originator hereby gives notice to the
    holders of the Class A5 Notes that it will, on the next
    Quarterly Payment Date, being 20 May 2019, purchase all the
    outstanding Class A5 Notes at their Outstanding Principal
    Amount together with accrued interest thereon.


7   Simultaneously with this notice, the Originator will provide
    written notice to the Security SPV of the exercise by it of
    the Originator Call Option.


Date 26 April 2019



Sponsor:   Investec Bank Limited (“Investec”)

Date: 26/04/2019 10:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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