BIDVESTCO LIMITED - Announcement on Fitch upgrade - January 2013

Announcement on Fitch upgrade - January 2013

Bidvestco Limited, a wholly owned subsidiary of The Bidvest Group
Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/011512/06)
Company code: BIBID
(“Bidvestco”)


AMENDMENT TO CREDIT RATINGS

Noteholders are referred to the announcement issued by Fitch Ratings
(“Fitch”) on January 14 2013, in which it announced that it had
revised the long term national rating and senior unsecured rating of
The Bidvest Group Limited (“Bidvestco”)up by one notch to
AA(zaf)/Stable.

Fitch stated that “The rating action follows the downgrade of South
Africa’s Long-term local currency Issuer Default Rating (IDR) to
‘BBB+’ from ‘A,” the consequence of which has resulted in Fitch’s
recalibration of the South African National scale mapping table.

January 16 2013

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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