Programme Memorandum - Checklist
This documentation will be subject to the turnaround times as stipulated in paragraph 16.3 in the Listings
Requirements.
LR Ref JSE Comments Response by the sponsor
1) Sector
2) Did the Sponsor submit the Programme?
3) Did the sponsor submit the declaration in terms of Schedule
2?
4) Did the JSE give any rulings regarding the Programme? If so, please provide details?
5) Applicant to be duly incorporated
6) 3.7 Application letter in compliance with Schedule 1 must be submitted on formal submission.
7) 3.8 Status of Debt securities
8) 3.9 Transferability of securities
9) 3.10 (a) Issuer must be generally accepted
10) 3.10 (b) Submit the necessary statutory consent
11) 3.10 (c) Issuer must be duly authorised to issue debt securities
12) Preliminary approval of Placing Documents: If Preliminary approval is required; please refer to sections 3.11 to 3.15?
13) Pre-issued trading : If applicable please see refer to sections
3.16 to 3.18?
14) Exchange control approval : If applicable please refer to section 3.19 to 3.22?
15) Section 4: Listing Particulars
16) 4.7 Include a statement in the Placing Document
17) Details of Applicant Issuer
18)
4.10 (a) Issuer’s full name, registration number, date and place of incorporation
19) 4.10 (b) General description of the business of the issuer
20)
4.10 (c) Company secretary’s details
21) 4.10 (d) Details of the issuer agents (attorneys, advisors, auditors, dealers, arrangers, managers, calculation agents, paying agent, transfer secretary, debt sponsor, other advisors or consultants)
22) 4.10 (e) Risk factors
23) Details of the issue
24) 4.11 (a) If applicable
25) 4.11 (b) If applicable
26) 4.11 (c)
27) 4.11 (d)
28) 4.11 (e)
29) 4.11 (f)
30) 4.11 (g)
31) 4.11 (h)
32) 4.11 (i)
33) 4.11 (j) If applicable
34) 4.11 (k)
35) Details of the subscription process
36) 4.12 (a) (very important)
37) 4.12 (b) If applicable
38) 4.12 (c)
39) 4.12 (d)
40) 4.12 (e)
41) 4.12 (f)

42) 4.12 (g)
43) Details of the guarantee, trustee and representatives : If applicable, please see sections 4.13 (a) to 4.13 (c) (ii)?
44) Taxation
45) 4.14 (a) If applicable
46) 4.14 (b) If applicable
47) 4.14 (c) If applicable
48) Exchange control : If applicable
49) 4.15 (a)
50) 4.15 (b)
51) Financial and legislation information : please see section 5 below?
52) 4.16 (a) For notification
53) 4.16 (b) (i)
54) 4.16 (b) (ii)
55) Other
56) 4.17 (a)
57) 4.17 (b)
58) Responsibility
59) 4.18 (a) Insert a statement (very important)
60) 4.18 (b) Insert a statement (very important)
61) Documents available for Inspection
62) 4.19 (a) (i) current Placing Document
63) 4.19 (a) (ii) any supplementary documents published since the current Placing Document was published
64) 4.19 (a) (iii) any pricing supplements
65) 4.19 (a) (iv) any document incorporated in the Placing
Document by reference; and
66) 4.19 (a) (v) the financial information of the issuer and the guarantor
67) 4.19 (b)
68) 4.19 (c)
69) Signing and date of the Placing Document : refer to sections 4.20 (a) to 4.20 (d)
70) 4.21
Pricing Supplement : details must be provided in the pro-forma pricing supplement in the programme
71) 4.24 if applicable
72) 4.25 Rating Agencies: if applicable
73) Section 5
– Financial Information
74) 5.2 GAAP or IFRS
75) 5.3 Financial Statements
76) 5.3 (a)
77) 5.3 (b)
78) 5.3 (c)
79) Contents of the Financial Information
80) 5.5 (a) income statement
81) 5.5 (b) balance sheet
82) 5.5 (c) statement of changes in equity
83) 5.5 (d) cash flow statement
84) 5.5 (e) accounting policies
85) 5.5 (f) notes thereto
86) 5.5 (g) segmental information
87) 5.5 (h) any material post balance sheet events occurring subsequent to the issue of the latest audited financial statement
88) 5.5 (i) credit risk (if applicable) to draw attention of the potential investor to the risk that they will assume
89) 5.5 (j) adherence to King III Code of Corporate Governance
90) 5.5 (k) Statement of material changes in the financial/trading position of the issuer

91) Report of the independent auditor
92) 5.6 (a) scope of the audit
93) 5.6 (b) audit opinion
94) Profit forecast and estimates : if the issuer makes a profit forecast, please see section 5.7 to 5.14?
95) Section 6
– Specialised Products/Entities
96) Special Purpose Vehicles/Asset-Backed Securities : If
“Special Purpose Vehicle or Asset-Backed Security”, please see sections 6.1 to 6.2 (c) (ii) 13?
97) High Yield Debt Securities : If “High Yield Debt Securities”, please see sections 6.3 to 6.6 (q)?
98) Exchange Traded Funds : If “Exchange Traded Fund”, please see sections 6.7 to 6.12 (g)?
99) Section 8
100) Documents to be submitted for listing
101) 8.2 Annotation of drafts
102) 8.3 Documents to be submitted
103) 8.3 (a)Copy of Placing Document
104) 8.3 (b)Certified copy of registration and copy of incorporation of the issuer
105) 8.3 (c) a copy of the Board of directors resolution or resolution of the governing authority of the Applicant
Issuer authorising the establishment of the Programme
Memorandum and/or issue of Debt Securities
106) 8.3 (d) a reference to the provisions of the act or other legislation, regulation, or applicable rules under which the Applicant Issuer is regulated, if not the
Companies Act
107) 8.3 (e) a copy of the Memorandum and Articles of
Association of the Applicant Issuer or equivalent constitutive documents
108) 8.3 (f) a certified copy of any applicable guarantee in respect of the Debt Security
109) 8.3 (g) confirmation that the Applicant Issuer has appointed a settlement agent
110) 8.3 (h) confirmation from Strate that the Applicant
Issuer has been admitted in terms of the central securities depository rules and directives
111) 8.3 (i) any trust deed relating to the Debt Securities
112) 8.3 (j) a copy of the South African Reserve Bank
Banking Supervision Department's approval
113) 8.3 (k) where the Applicant Issuer is a foreign entity, a copy of the South African Reserve Bank Exchange
Control Department's approval/directive is required
114) 8.3 (l) written confirmation from the trustee or relevant party holding the guarantee or other security that it has the guarantee in its possession
115) 8.3 (m) application letter complying with schedule 1
116) 8.3 (n) a letter from the Debt Sponsor complying with schedule 2
117) 8.3 (o) Confirmation by the applicant issuer
118) 8.3 (o) (i) that all applicable regulatory disclosures have been made;
119) 8.3 (o) (ii) that there are no material matters, other than disclosed in the Placement Document or otherwise in writing to the JSE, that should be taken into account by the JSE in considering suitability for the Listing of

Debt Securities
120) 8.3 (p) the annual financial statements of the
Applicant Issuer and/ or Guarantor in respect of the period of three years prior to the date of such issue or for such shorter period as agreed to by the JSE in terms of section 5.4
121) 8.3 (q) the auditors consent letter
122) 8.3 (s) letter from the legal advisor that all relevant agreements have been signed
123) 8.3 (t) the auditors letter, detailing material subsequent events (if any) since the date of the
Applicant Issuer’s and guarantor’s (if applicable) last audit report );
124) 8.3 (u) a letter from the Debt Sponsor confirming that all agreements referred to in the placing documents are finalised and signed off by all the parties involved.
125) Index Provider : Does the programme make provision for
Indices? If yes, is the index provider accredited? If not, the sponsor must submit the necessary information for approval before formal submission ?