Alternative Investment Distribution Issuer

Listed on the Cape Town Stock Exchange

Investment Mandate

Fixed Rate Notes :

The Notes will bear interest at the Fixed Interest Rate (nominal annual compounded annually) equal to 13.00% per annum for the period from and including the Interest Commencement Date.

Interest Payment Dates:

Quarterly in arrears on 31 March, 30 June, 30 September and 31 December of each year for the period from and including the Interest Commencement Date

“nReach Capitis Proprietary Limited website address : www.nreach.co.za”

Programme Memorandum

Applicable Pricing Supplement 4AID01

This Memorandum of Incorporation