NDALA INVESTMENTS NO.1 (RF) LIMITED - Listing of New Financial Instrument NDAL17

Listing of New Financial Instrument – NDAL17

NDALA INVESTMENTS NO.1 (RF) LIMITED 
Registration number 2008/029037/06
JSE Alpha code: NDAI

LISTING OF NEW FINANCIAL INSTRUMENT - NDAL17

The JSE Limited has granted approval for a new financial instrument listing to Ndala Investments No. 1 (RF) Limited under its Multi-Issuer Secured Note Programme dated 17 April 2019 as follows:

Bond code
NDAL17
Authorised Programme size
R10 000 000 000
Total Amount in Issue After This Issuance
R3,231,927,451.00
Instrument Type
Floating Rate Note
Nominal Issued
R100 000 000
Issue Price
100%
Interest Rate
Compounded Daily ZARONIA plus 1.60%, as set out in the Terms and Conditions of the Applicable Pricing Supplement
Trade Type
Price
Issue Date
22 October 2026
Final Maturity Date
1 December 2031
Interest Payment Dates
1 March, 1 June, 1 September and 1 December
Last Day to Register
By 17h00 on the Business Day immediately preceding each Interest Payment Date
Interest Commencement Date
22 October 2026
First Interest Payment Date
1 December 2026
ISIN
ZAG000229535
Additional Information
Senior Secured Notes

 Annexure A - Series specific definitions 
 Annexure B - Series Priority Of Payments:
 Pre and Post Enforcement Series Priority Of Payments

 Annexure C - Screen Rate Determination for Floating Rate Notes Referencing Compounded Daily ZARONIA (Lookback Without Observation Shift) 
 Annexure D - Risk Factors Regarding ZARONIA 
 Annexure E - Sale of Participating Asse upon the occurrence of a Credit Event



For more information, please refer to the Applicable Pricing Supplements which are available at 
Debt Investors | Nedbank


The notes relating to the new financial instrument ( Notes ) will be dematerialised in the Central Securities Depository (?CSD?) and settlement will take place electronically in terms of JSE Rules. For further information on the Notes issue please contact:

Andrew Fok			NEDBANK CIB					+27 10 234 8706

22 October 2026

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited












Date: 22/10/2026 01:14:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.