AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED - ACSA-Preference Share Issuance

ACSA-Preference Share Issuance

Airports Company South Africa SOC Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/004149/30)


Airports Company South Africa issues preference shares.

Noteholders are hereby advised that Airports Company South Africa
concluded the issuance of the “A” preference shares with the
Department of Transport as the majority shareholder for an amount
R2,324,750,000.00 (Two billion, three hundred and twenty four
million, seven hundred and fifty thousand rand.

The issuance of preference shares bolsters Airports Company
South Africa’s liquidity position and forms part of the
Company’s response to the impact of the COVID-19 pandemic whilst
ensuring progress towards securing long-term financial
sustainability.

Moody’s Investor Services view this issuance as credit positive
because it bolsters the company’s liquidity and evidence strong
support from the government.

Further details on the issuer comment published by Moody’s on 5
March 2021 can be viewed on the following link:

https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PB
C_1269855


Johannesburg
8 March 2021

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 08-03-2021 09:46:00
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