Transnet SOC Limited - Settlement of Interest Rate Swaps Litigation
Transnet SOC Limited - Settlement of Interest Rate Swaps Litigation
Transnet SOC Limit(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
("Transnet", "the Company" or the "Issuer")
TRANSNET AND NEDBANK GROUP SETTLE INTEREST RATE SWAPS LITIGATION
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Noteholders are hereby advised that Transnet and Nedbank Group have agreed to a commercial
settlement of their ongoing litigation.
In terms of the settlement, Nedbank Group has agreed to pay Transnet an amount of R600 million.
Nedbank's payment to Transnet is made without admission of liability and in full and final settlement
of the dispute.
Transnet and Nedbank stand by their respective previous statements in respect of their litigation.
Transnet and Nedbank have a long-standing relationship, and the settlement of this litigation allows
them to continue to develop this important relationship in the national interest and for the
furtherance of infrastructure investment and economic growth.
Johannesburg
25 November 2025
JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)
Date: 25-11-2025 05:48:00
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