ENX CORPORATION LIMITED - BIEQS1 - Notification of the Acceptance of a Credit Rating by the Parent Guarantor

BIEQS1 - Notification of the Acceptance of a Credit Rating by the Parent Guarantor

enX Corporation Limited
(Previously Eqstra Corporation Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06)
Company code: BIEQS1
(“enX” or “the Issuer”)


NOTIFICATION OF THE ACCEPTANCE OF A CREDIT RATING BY THE PARENT GUARANTOR

Noteholders are advised that enX Leasing Investments Proprietary Limited, the Parent Guarantor in
terms of the Issuer’s 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.

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


20 September 2018

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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