LIBERTY GROUP LIMITED - Liberty Group Limited - Credit ratings lowered by S&P Global Ratings

Liberty Group Limited - Credit ratings lowered by S&P Global Ratings

LIBERTY GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1957/002788/06)
("Liberty") or ("the Company")


Credit ratings lowered by S&P Global Ratings ("S&P")


Noteholders are advised that S&P has revised the credit rating of Liberty and its subordinated debt as
follows:

    •   The national scale rating on Liberty is lowered from zaAAA to zaAA+

    •   The national scale ratings on the subordinated bonds are lowered from zaAA- to zaA+


Detailed information may be accessed through the following link:

https://disclosure.spglobal.com/ratings/en/regulatory/ratings-actions

Liberty, a fully owned subsidiary of the Standard Bank Group, remains well capitalised and within the
capital coverage target range on a regulatory basis.

For any queries please contact Liberty's Debt Officer via the Company Secretary, Jill Parratt, on
083 253 1074 or jill.parratt@liberty.co.za

8 August 2024

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 08-08-2024 05:30:00
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