Real People Investment Holdings Limited


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Real People Investment Holdings Limited up to SEK 260,000,000 and up to NOK 135,000,000 Senior unsecured callable bonds 2013/2028 ISIN: SE 000 5392560 and NO 001 0689342 (the “Bonds”)

Johannesburg, December 6, 2021

Reference is made to the terms and conditions of the Bonds, initially dated September 16, 2013, as amended and updated, more recently by an amendment and restatement agreement dated September 22, 2020 (the “Terms and conditions“).

Partial refund

In addition to scheduled amortizations, the Company is required to allocate excess cash to repay senior unsecured loans. If repayments are made under the Senior Unsecured Loans, the corresponding pro rata payments will be made under the Bonds. The Company will therefore proceed with a partial early repayment plus the Bonds in accordance with Clauses 9.6 (Mandatory pro-rata repayment in the event of repayment of the Senior Unsecured Loan) and 11 (Money transfer) of the Terms and Conditions as indicated below.

Payment details

SEK Bonds (ISIN: SE 000 5392560)

The SEK Bonds will be partially redeemed on December 30, 2021 for a total amount of SEK 2,961,737.74. The registration date, on which a bondholder must hold SEK Bonds to receive the repaid amount, will be December 22, 2021.

The partial redemption of the SEK Bonds will be made in the form of partial early redemptions of all outstanding SEK Bonds by reducing the Registered Nominal Amount of each SEK Bonds by an amount of SEK 22,846. Because the Nominal Amount registered with the CSD does not include capitalized interest, the reimbursement will appear to be made at a price of 102.07813% of the amount by which the registered Nominal Amount will be reduced as a result of the reimbursement. The amount is rounded to the nearest SEK by SEK Bond.

NOK bonds (ISIN: NO 001 0689342)

The NOK Bonds will be partially redeemed on December 31, 2021 for a total amount of NOK 2,305,135.62. The registration date, on which a bondholder must hold NOK bonds to receive the repaid amount, will be December 28, 2021.

Partial reimbursement of the NOK Bonds will be made by pro rata payments to bondholders holding NOK bonds through the redemption of NOK bonds with a total registered nominal amount of NOK 2,252,744. Since the outstanding Nominal Amount registered with the CSD does not include capitalized interest, the repayment will appear to be made at a price of 102.32568% of the amount by which the registered Nominal Amount will be reduced due to the redemption. The amount is rounded to make a pro rata redemption to bondholders in accordance with CSD rules.

Update of the guidelines for expected partial repayments under the Bonds
Article 10 (Minimum repayment commitment) of the Terms and Conditions prescribes that the Issuer must comply with certain minimum amortization levels. In addition, in accordance with clause 9.3 (Mandatory pro-rata repayment in the event of repayment of the Senior Unsecured Loan) of the General Conditions, the Issuer will reimburse the Bonds for an amount equal to the Prorated Bonds Part (as defined in the General Conditions) if a reimbursement is made to the senior lenders under the senior unsecured loan agreement. The Issuer has agreed on a new amortization profile with the senior lenders under the senior unsecured loan agreement as indicated in the table below. The table has been updated to reflect the effects of cash payments and replaces the indications published on September 2, 2021. It is expected that the amortizations that will be made on the Bonds as a result of the aforementioned provisions will comply with the minimum repayment commitment applicable to the Bonds.

Repayment date

Repayment deposit as a percentage of
the total outstandings at March 31, 2018

30/31 December 2021

3.6985800%

March 31, 2022

0.3995000%

June 30, 2022

2.0956000%

September 30, 2022

1.0229400%

December 31, 2022

0.3162800%

March 31, 2023

1.5010600%

June 30, 2023

2.2905000%

September 30, 2023

0.5701600%

December 31, 2023

0.8037300%

March 31, 2024

2.4081000%

June 30, 2024

2.7990 100%

September 30, 2024

1.2880700%

December 31, 2024

0.8712500%

March 31, 2025

2.5483500%

June 30, 2025

2.7141000%

September 30, 2025

1.1286900%

December 31, 2025

0.7761780%

March 31, 2026

2.8652002%

Due to the slightly different bases used for the calculations and currency translation effects, the amortizations on the Bonds will not exactly match the amortizations on the senior unsecured loan, but the figures can be used as a general indication of the amounts due. amortization that can be expected under the Bonds. The Issuer will publish information on the amounts to be repaid under the Bonds and the repayment dates when they have been determined within the framework of the repayments.

For more information, please contact:

Jacques Hefer, Group Treasury Manager

E-mail: [email protected]

Phone number: +27 84 514 3018

This information is information that Real People Investment Holdings Limited is obliged to make public in accordance with the EU Market Abuse Regulation. The information has been submitted for publication, through the contact person indicated above, at 10:00 a.m. CET on December 6, 2021.

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