EFTA01367064.pdf

Amendment #4 Page 635 of 868 Tnhlr ,if cotton, 9. Long-term debt Debt cornets d the fothwring as at December 31. 2014 and 2013 December 31, December 31, 3014 2013 Figures in MR '000 Total Cunene Long-term Total Current Long-term Tenn loan 1969 703 14 818 1954 887 1441815 10943 1 433 872 Accrued Interest 60 590 60 590 — — — — Detc dscount (30389) (2 606) (27581) (33139) (2 750) (30389) Taal 1999904 72598 1927 306 1411676 8193 1403483 Cr" November 2, 2012, Core entered into a fealty agreemert with Standard Bank, which prcmded kr/item loan faddy with a Writ ce Fri 058 melon The term loan faculty tears interest eta rate of Uwe month JIBAR plus a vanale spread per annum, with represents liquidity and other rats, and matures in 2031. At Decernter 31, 2014, the balance outstanding under the term loan fwility was R1 073 neon At December 31, 2013. the telarce outstardrg under the term loan frailty was 8694 Mon The average interest rates ter the years ended December 31 2014 and 2013 were 10.03% and a 32%, reepectrrely On November 2 2012, Enka entered into a facility agreement with Standard Bank, which provided fa a tern ken Marty with a Int of R956 melon Tne term ten fealty tears interest at a rate of three month JIBAR die a vanade spread per annum, wrath represents liquidly arid other nsks and mans in 2031 At December 31, 2014, the balance outstanding Liter the term loan fealty was 8958 nation At Decanter 31, 2013, the balance outstanding under the term loan facility was R750 mew The average interest rates to the years ended December 31, 2014 and 2013 were 936% and 8 88%, respectwely The estimated far value of outstanding deer obligescas was R2 159 419 065 and R1 444 7® 767 at December 31. 2014 and December 31. 2013, respective* The fair value of the outstanding debt is calculated based on expected Ude cash flows chcounled et market interest rates for savers in strumentswith consideration for non performance ink The combined aggregate amount of matierbes rat all brg4erm borrowings es as (divers Contractual cash obligations ZAR '000 2015 14818 2016 17 052 2017 29 221 2018 44 262 2019 59 416 Thereafter 1 773055 Total 1 938 434 A sthrtunng and unclemmtng fee to the lender was incurred by Core and Erika as part d the establishment of this facility. The combined aggregate amount of the dructurtg and inchnotribrag fee amounted to R33867 285 This kat paid to the lenders recorded as a deed reducton of the carrying arixese of the deer The carrying value of cash and cash egunalerts, restricted cash, accounts recevabie and property plant and equpment have teen pledged as collateral against the long-term torowings of the Operating Eddies Refer to notes a. 4. 5 and 6 for details F-315 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058592 CONFIDENTIAL SDNY_GM_00204776 EFTA01367064