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Voluntary Announcement: US$-denominated Reg S / 144A Senior Unsecured Benchmark Offering
The Bidvest Group Limited Bidvestco Limited
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06) (Registration No. 1966/011512/06)
Share code: BVT Company code: BIBIDV
ISIN ZAE000117321 LEI: 3789004678BDF4374378
("Bidvest" or "the Company" or "the Group") ("Bidvestco" or the "Issuer")
VOLUNTARY ANNOUNCEMENT: US$-DENOMINATED REG S / 144A SENIOR UNSECURED BENCHMARK OFFERING
Bidvest, a leading B2B services, trading and distribution group operating primarily in South Africa but with
an international footprint in Europe, the United Kingdom, Australia, Singapore and North America, has
mandated Absa, BofA Securities and Citi as Joint Global Coordinators to arrange a series of fixed income
investor meetings in London as well as investor calls commencing today, Monday 8 September 2025. A US$-
denominated 7NC3 Reg S / 144A senior unsecured benchmark offering (the "New Notes Offering") is
expected to follow, subject to market conditions. The Notes, issued by The Bidvest Group (UK) Plc, will be
guaranteed unconditionally and irrevocably by its parent Bidvest. The Company, listed on the Johannesburg
Stock Exchange, is rated Ba2 (Stable) by Moody's and BB (Stable) by Fitch.
Bidvest has also announced a concurrent any-and-all tender offer (the "Tender Offer") on its outstanding
US$478m 3.625% Notes due September 2026 conditional upon, among other things, the successful
completion of the New Notes Offering. The Tender Offer expiration and withdrawal deadline is set for
Monday 15 September 2025 at 5.00pm NYT, pursuant to the Offer to Purchase dated 8 September 2025.
The Joint Global Coordinators are acting as Dealer Managers on the Tender Offer.
FCA/ICMA stabilisation applies.
Date: 8 September 2025
Johannesburg
Equity sponsor: Investec Bank Limited
Debt sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
FCA/ICMA stabilisation applies.
Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional
clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as
not available to retail in EEA or UK.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdiction where it is unlawful to do so. The securities to which this announcement
relates have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act")
or with any securities regulatory authority of any state of the United States or other jurisdiction and may not be offered,
sold, pledged or otherwise transferred in the United States or to, or for the account or benefit of, U.S. persons (as such
term is defined in Regulation S under the Securities Act), except pursuant to registration or an exemption from the
registration requirements of the Securities Act and in compliance with any applicable state securities laws
Date: 08-09-2025 09:30:00
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