UMGENI WATER - Credit rating announcement

Credit rating announcement

UMGENI WATER
Registration number: 1997/007707/07
JSE Alpha code: BIUMWA

CREDIT RATING ANNOUNCEMENT

Noteholders are advised that Fitch Ratings has affirmed Umgeni Water's National Long-Term Rating
at ‘AA+(zaf)’ with a Stable Outlook, senior unsecured rating at ‘AA+(zaf)’ and National Short-Term
Rating at ‘F1+(zaf)’.

The affirmation by Fitch Ratings reflects continued strong links between Umgeni Water and the South
African state as assessed under Fitch Ratings’ Government-Related Entities rating criteria, despite a
weakening financial profile.

The full rating announcement will be made available upon request.

22 November 2021

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 22-11-2021 01:18:00
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