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REPUBLIC OF SOUTH AFRICA - National Treasury

REPUBLIC OF SOUTH AFRICA DEPARTMENT OF FINANCE TERMS OF ISSUE REPUBLIC OF SOUTH AFRICA INTERNAL REGISTERED BOND R186, (10,5% COUPON, REDEEMABLE ON 21 DECEMBER 2025, 2026 AND 2027) Issued by the Department of Finance Private Bag X 115 PRETORIA, 0001 - 2 - REPUBLIC OF SOUTH AFRICA GOVERNMENT ISSUE Loan No: R186 Date listed on the Bond Exchange: Date of Terms of Issue: 21 May 1998 21 May 1998 Definitions In this document, unless otherwise stated or implied by the context, the words and phrases in the first column have the meaning stated opposite them in the second column: Bond Exchange The Bond Exchange of SOUTH AFRICA , a licensed financial exchange in terms of the Financial Markets Control Act, No. 55 of 1989; banking day Any day except a Sunday, public holiday or any other day declared by the executive committee of the Bond Exchange, and approved by the Registrar of Financial Markets, not to be a business day or banking day; Central Depository The Central Depository Limited (Reg.)

republic of south africa department of finance terms of issue republic of south africa internal registered bond r186, (10,5% coupon, redeemable on

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