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Listing of New Financial Instrument
Verdure Finance (RF) Limited
(Formerly Verdure Finance Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2025/486225/06)
Issuer code: VDFI
Bond Code: VF01A ISIN: ZAG000220765
("Verdure" or the "Issuer")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted Verdure the listing of its Senior Secured Class A1 Floating Rate Notes,
in terms of its Applicable Transaction Supplement, dated 31 October 2025 ("ATS"), established under
the ZAR2,000,000,000 Asset-Backed Securities Programme, effective 7 November 2025.
Unless stated otherwise, capitalised terms in this announcement shall bear the meanings assigned to
them in terms of the Applicable Pricing Supplement ("APS"), ATS and the programme memorandum
dated 6 October 2025 ("Programme Memorandum").
Copies of the APS and ATS can be downloaded from the Issuer's website by accessing the following
link: https://verdurefund.com/investor-relations/.
Security SPV: Verdure Security SPV (RF) Proprietary Limited
Debt Security Code: VF01A
ISIN: ZAG000220765
Type of Debt Security: Secured Class A1 Floating Rate Notes
Nominal Value: ZAR229,478,819.00
Issue Date: 7 November 2025
Issue Price: 100%
Coupon rate: 3-month JIBAR plus 220 basis points
Interest Commencement Date: 7 November 2025
Interest Rate Determination Date(s): The first Business Day of each Interest Period,
with the first Interest Rate Determination Date
being the Interest Commencement Date
Interest Payment Dates 3 March, 3 June, 3 September and 3 December
Last Day to Register: By 17h00 on 27 November, 25 February, 28 May
and 28 August of each calendar year or, if such
day is not a Business Day, the Business Day on
which the Last Day to Register falls, as
determined in accordance with the applicable
Business Day Convention (as specified in
item 17 of the APS)
Books Closed Period: The Register will be closed from 28 November to
2 December, 26 February to 2 March, 29 May to
2 June and 29 August to 2 September of each
calendar year until the Redemption Date
Maturity Date: 3 December 2035
Final Amount Payable on Maturity: As per Condition 7 (Redemption and Purchases)
set out in the Programme Memorandum
Business Day Convention: Modified Following Business Day Convention
Additional terms and conditions: Refer to the additional/other Terms and
Conditions set out in item 18 of the APS
Aggregate Amount of Notes in issue on the issue ZAR229,478,819.00 including this Tranche of
Date: Notes and any other Tranche(s) of Notes to be
issued on the Issue Date
Calculating Agent and Issuer Agent: Intengo Market Technologies Proprietary Limited
Settlement Agent: FirstRand Bank Limited
Paying Agent FirstRand Bank Limited (acting through its Rand
Merchant Bank division)
Johannesburg
6 November 2025
Debt sponsor
Questco Proprietary Limited
Date: 06-11-2025 02:16:00
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