Enhanced Investments - Financial Portal

Listings of New Financial Instruments

Published: 2024-04-09 15:50:31 ET

SAPPI SOUTHERN AFRICA LIMITED
Registration number 1951/003180/06
Incorporated in the Republic of South Africa
JSE Alpha code: SSAI
(“Sappi Southern Africa”)

LISTINGS OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted approval for new financial instrument listings to Sappi Southern Africa
under its ZAR5,000,000,000 Domestic Medium Term Note Programme dated 12 August 2021 as
follows:

New instrument:                                SSA10
Authorised programme size:                     R5,000,000,000.00
Total amount in issue after this issuance:     R3,250,000,000.00
Instrument type:                               Floating rate note
Nominal issued:                                R600,000,000.00
Issue price:                                   100%
Interest rate:                                 3-month JIBAR as at 8 April 2024 plus a margin of
                                               117 basis points
Trade type:                                    Price
Final maturity date:                           11 April 2027
Books close dates:                             1 July to 10 July, 1 October to 10 October, 1 January
                                               to 10 January, 1 April to 10 April
Interest payment dates:                        11 July, 11 October, 11 January and 11 April
Last day to register:                          By 17:00 on 30 June, 30 September, 31 December
                                               and 31 March
Issue date:                                    11 April 2024
Date convention:                               Modified following business day
Interest commencement date:                    11 April 2024
First interest payment date:                   11 July 2024
ISIN:                                          ZAG000204439
Additional information:                        Senior unsecured, sustainability-linked notes

New instrument:                                SSA11
Authorised programme size:                     R5,000,000,000.00
Total amount in issue after this issuance:     R3,250,000,000.00
Instrument type:                               Floating rate note
Nominal issued:                                R600,000,000.00
Issue price:                                   100%
Interest rate:                                 3-month JIBAR as at 8 April 2024 plus a margin of
                                               133 basis points
Trade type:                                    Price
Final maturity date:                           11 April 2029
Books close dates:                             1 July to 10 July, 1 October to 10 October, 1 January
                                               to 10 January, 1 April to 10 April
Interest payment dates:                        11 July, 11 October, 11 January and 11 April
Last day to register:                          By 17:00 on 30 June, 30 September, 31 December
                                               and 31 March
Issue date:                                    11 April 2024
Date convention:                               Modified following business day
Interest commencement date:                    11 April 2024
First interest payment date:                   11 July 2024
ISIN:                                          ZAG000204447
Additional information:                        Senior unsecured, sustainability-linked notes

New instrument:                                SSA12
Authorised programme size:                     R5,000,000,000.00
Total amount in issue after this issuance:     R3,250,000,000.00
Instrument type:                               Floating rate note
Nominal issued:                                R300,000,000.00
Issue price:                                   100%
Interest rate:                                 3-month JIBAR as at 8 April 2024 plus a margin of
                                               147 basis points
Trade type:                                    Price
Final maturity date:                           11 April 2031
Books close dates:                             1 July to 10 July, 1 October to 10 October, 1 January
                                               to 10 January, 1 April to 10 April
Interest payment dates:                        11 July, 11 October, 11 January and 11 April
Last day to register:                          By 17:00 on 30 June, 30 September, 31 December
                                               and 31 March
Issue date:                                    11 April 2024
Date convention:                               Modified following business day
Interest commencement date:                    11 April 2024
First interest payment date:                   11 July 2024
ISIN:                                          ZAG000204454
Additional information:                        Senior unsecured, sustainability-linked

The Applicable Pricing Supplements are available at:
https://www.sappi.com/bond-and-insurance-captive-reporting-requirements#

The notes relating to the new financial instruments (“Notes”) will be dematerialised in the Central
Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules.


9 April 2024

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.