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Mon 9 Feb 2015, 8:30 THE THEKWINI FUND 9 (RF) LTD - Counterparty Rating Announcement
TH9A10 THE9A1 THE9A2 THE9A3 THE9A5 THE9A6 THE9A7 THE9A8 THE9A9 THE9B1 THE9B2 THE9B3 THE9C1 THE9C2 THE9C3 THE9D1 THE9D2 THE9D3 201502090009A
Counterparty Rating Announcement

The Thekwini Fund 9 (RF) Limited
Stock Code: THE9A1, THE9A2, THE9A3, THE9A5, THE9A6, THE9A7,
THE9A8, THE9A9, TH9A10, THE9B1, THE9B2, THE9B3, THE9C1, THE9C2,
THE9C3, THE9D1, THE9D2, THE9D3
ISIN Code: ZAG000089434, ZAG000092891, ZAG000092917,
ZAG000092925, ZAG000087107, ZAG000089442, ZAG000092875,
ZAG000087115, ZAG000089459, ZAG000092883, ZAG000087123,
ZAG000089491, ZAG000092909

09 February 2015

Counterparty Ratings Announcement

In accordance with the transaction documents, SA Home Loans
(Pty) Ltd, in its capacity as Servicer to the Issuer, has
notified Moodys Investor Services that for the following
counterparty roles:
   -   Account Bank
   -   Redraw Facility Provider
   -   Permitted Investments
the counterparties utilised by the Issuer will have a long-term
national scale rating of at least A1.za. Moodys Investor
Services has confirmed in writing that the use of counterparties
with such rating shall not cause it to downgrade or withdraw the
current ratings on the Notes.

The Standby Servicer for the Issuer is The Standard Bank of
South Africa Limited which has a long term national scale rating
of A1.za.

SA Home Loans (Proprietary) Limited as Servicer to The Thekwini
Fund 9 (RF) Limited.

Further information on the Note issued please contact:
Mike Brunke    Standard Bank (Debt Sponsor)
Tell: (011) 721 8101
Email: mike.brunke@standardbank.co.za

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