EQS - Eqstra Holdings Limited - Standard & Poor`s Rating Agency ups Eqstra`s

EQS - Eqstra Holdings Limited - Standard & Poor`s Rating Agency ups Eqstra`s    
zaBBB/zaA-2 South African National Scale Rating to zaBBB+/zaA-2                 
Eqstra Holdings Limited ("Eqstra")                                              
Incorporated in the Republic of South Africa                                    
(Registration number 1998/011672/06)                                            
ISIN: ZAE000117123                                                              
JSE share code: EQS                                                             
STANDARD & POOR`S RATING AGENCY UPS EQSTRA`S zaBBB/zaA-2 SOUTH AFRICAN NATIONAL 
SCALE RATING TO zaBBB+/zaA-2                                                    
On 21 February 2011, Standard & Poor`s Rating Services (S&P`s) raised the long- 
term South Africa national scale ratings on Eqstra to `zaBBB+` from `zaBBB`. At 
the same time, they affirmed Eqstra`s short-term rating of `zaA-2`.             
According to S&P`s research update, the credit rating upgrade of Eqstra reflects
both the significant reduction in medium-term refinancing risks due to          
renegotiation of the bank funding package, and improving profitability and cash 
flow due to lower funding costs and earnings growth.                            
The S&P full report is available on www.eqstra.co.za                            
Johannesburg                                                                    
22 February 2011                                                                
Sponsor: Merrill Lynch South Africa (Proprietary) Limited                       
Date: 22/02/2011 07:10:17 Supplied by www.sharenet.co.za                     
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