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Notification of the voting results in respect of the request for written consent
Urban Ubomi 2 (RF) Limited
(Incorporated in South Africa as a public company with limited liability under registration number 2024/072898/06))
("Urban Ubomi 2")
Issuer Code: UBBI2
NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT FROM THE HOLDERS OF ALL THE
OUTSTANDING NOTES ISSUED BY URBAN UBOMI 2 (RF) LIMITED UNDER ITS R5,000,000,000 MORTGAGE-BACKED SECURITIES
PROGRAMME
The holders of all the outstanding notes issued by Urban Ubomi 2 (RF) Limited under its R 5 000 000 000 mortgaged-backed securities
programme are referred to the notice of request for written consent released on 16 July 2025 to the proposed amendments with the
deadline date being 17h00 on Wednesday, 13 August 2025 and in which the extraordinary resolutions set out below were proposed:
- Extraordinary resolution 1
Pursuant to Conditions 10.4 and 18.5 of the Terms and Conditions, respectively, and subject to the written approval of the
Security SPV for the proposed amendments to the Transaction Documents and the written confirmation by the Rating Agency
that the proposed amendments to the Transaction Documents will not cause it to downgrade the Ratings of the Notes in issue,
the Noteholders approve the amendment of the following Eligibility Criterion to reflect the tracked changes set out below:
In respect of all Loans other than the Activated CMBS Loans, a maximum Principal Balance of R 70 million; in this regards, Urban
Ubomi 2 confirms the voting results from the consent requests in relation to the total nominal amounts of the outstanding
notes as follows:
Total nominal Debt securities Debt securities Votes abstained Votes carried Votes against
amount of debt voted, disclosed voted, as a % for the the resolution
securities in issue as a number disclosed as a resolution, as a as a %
% %
UU2A01 R 168 692 774 R 166 362 760.74 98.62% 0.00% 98.62% 0.00%
UU2A02 R 193 000 000 R 191 900 000.00 99.43% 0.00% 99.43% 0.00%
UU2A04 R 132 708 111 R 128 632 073.69 96.93% 0.00% 96.93% 0.00%
UU2A05 R 279 000 000 R 238 600 000.00 85.52% 0.00% 85.52% 0.00%
UU2B01 R 80 000 000 R 80 000 000 100.00% 0.00% 100.00% 0.00%
UU2B02 R 159 000 000 R 146 000 000.00 91.82% 0.00% 91.82% 0.00%
UU2C01 R 63 000 000 R 63 000 000.00 100.00% 0.00% 100.00% 0.00%
UU2C02 R 84 000 000 R 59 000 000.00 70.24% 0.00% 70.24% 0.00%
UU2D01 R 56 000 000 R56 000 000.00 100.00% 0.00% 46.43% 53.57%
UU2D02 R 50 000 000 R 38 000 000.00 76.00% 24.00% 50.00% 26.00%
- Extraordinary resolution 2
Pursuant to Condition 10.4 and Condition 18.5 of the Terms and Conditions, and subject to the written approval of the Security
SPV for the proposed amendments to the Transaction Documents and the written confirmation by the Rating Agency that the
proposed amendments to the Transaction Documents will not cause it to downgrade the Ratings of the Notes in issue, the
Noteholders approve the amendment of the following Portfolio Covenant to reflect the tracked changes set out below :
The weighted average margin of the Asset Portfolio is not less than 250 bps over the Prime Rate and/or the equivalent bps over
3m JIBAR.
In this regards, Urban Ubomi 2 confirms the voting results from the consent requests in relation to the total nominal amounts of the
outstanding notes as follows:
Total nominal Debt securities Debt securities Votes abstained Votes carried Votes against
amount of debt voted, disclosed voted, as a % for the the resolution
securities in issue as a number disclosed as a resolution, as a as a %
% %
UU2A01 R 168 692 774 R 166 362 760.74 98.62% 0.00% 98.62% 0.00%
UU2A02 R 193 000 000 R 191 900 000.00 99.43% 0.00% 99.43% 0.00%
UU2A04 R 132 708 111 R 128 632 073.69 96.93% 0.00% 96.93% 0.00%
UU2A05 R 279 000 000 R 238 600 000.00 85.52% 0.00% 85.52% 0.00%
UU2B01 R 80 000 000 R 80 000 000 100.00% 0.00% 100.00% 0.00%
UU2B02 R 159 000 000 R 146 000 000.00 91.82% 0.00% 91.82% 0.00%
UU2C01 R 63 000 000 R 63 000 000.00 100.00% 0.00% 100.00% 0.00%
UU2C02 R 84 000 000 R 59 000 000.00 70.24% 0.00% 70.24% 0.00%
UU2D01 R 56 000 000 R56 000 000.00 100.00% 0.00% 46.43% 53.57%
UU2D02 R 50 000 000 R 38 000 000.00 76.00% 24.00% 50.00% 26.00%
Urban Ubomi 2 confirms that the extraordinary resolutions have accordingly been passed, and the issuer received an aggregate approval
rate of 89%.
Date: 15 August 2025
Debt Sponsor: The Standard Bank of South Africa Limited
Date: 15-08-2025 03:37:00
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