BARCLAYS AFRICA GROUP LIMITED - Fitch Ratings Upgrade

Fitch Ratings Upgrade

BARCLAYS AFRICA GROUP LIMITED
(Incorporated in the Republic of South Africa under registration number 1986/003934/06)
ISIN: ZAE000174124
JSE Share Code: BGA


Bond Code:BGL01
ISIN No.: ZAG000121476

Bond Code:BGL02
ISIN No.: ZAG000121484

Bond Code: BGL03
ISIN No.: ZAG000123100
Bond Code: BGL04
ISIN No.: ZAG000123118


FITCH RATING UPGRADE OF BARCLAYS AFRICA GROUP LIMITED TIER 2 NOTES


Notice is hereby given in terms of section 4.25 of the JSE Debt Listings Requirements that Fitch Ratings has
assigned Barclays Africa Group Limited’s (BAGL) (AAA(zaf) /Stable/F1+(zaf)) new Basel III-compliant
subordinated notes (Tier 2 notes) a National Long-term Rating of 'AA+(zaf)' and simultaneously upgraded
BAGL's existing Basel III-compliant Tier 2 notes to 'AA+(zaf)' from 'AA(zaf)'.

The rating action applies to the following notes:

 Bond Code       Nominal Amount                Previous Rating     New Rating
                 R370,000,000                  AA(zaf)             AA+(zaf)
                 R 130,000,000                 AA(zaf)             AA+(zaf)
                 R 1,693,000,000               -                   AA+(zaf)
                 R 807,000,000                 -                   AA+(zaf)


05 February 2015

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

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