enX GROUP LIMITED - Notification Of The Acceptance Of A Credit Rating By enX Leasing Investments Proprietary Limited

Notification Of The Acceptance Of A Credit Rating By enX Leasing Investments Proprietary Limited

ENX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/029771/06)
JSE share code: ENX            ISIN: ZAE000222253
(“enX” or “the Company”)


NOTIFICATION OF THE ACCEPTANCE OF A CREDIT RATING BY ENX LEASING INVESTMENTS
PROPRIETARY LIMITED


Shareholders are advised that enX Leasing Investments Proprietary Limited (“enX Leasing”), the Parent
Guarantor in terms of enX Corporation Limited’s (“enX Corporation”) ZAR 4 000 000 000.00 Domestic
Medium Term Note Programme, has formally accepted the rating assigned by S&P Global Ratings
(“S&P”) on 20 September 2018. S&P has assigned the Parent Guarantor a long term national scale
rating of ‘zaA-‘.

The rationale for the rating reflects S&P’s expectation that enX Leasing's industrial equipment and fleet
management operating segments, which are 85% exposed to South Africa, will maintain credit metrics
at current levels under a range of foreseeable economic scenarios, provided that liquidity and funding
availability remain adequate.

enX Corporation is a wholly-owned subsidiary of the Company and borrower of the debt raised to
finance enX’s South African leasing businesses.

The full report of the rating assigned by S&P has been made available on this link:
https://www.enxgroup.co.za/ratings/


Johannesburg
20 September 2018

Sponsor
The Standard Bank of South Africa Limited

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