EQSTRA CORPORATION LIMITED - Eqstra change in Rating

Eqstra change in Rating

Eqstra Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06
Company code: BIEQS

STANDARD & POOR’S RATING AGENCY CUTS EQSTRA’S SOUTH AFRICAN NATIONAL
SCALE RATING TO zaBBB+ from zaA-

On 3 April 2014, Standard & Poor’s Rating Services (S&P’s) cut the
long-term South Africa national scale rating on Eqstra to 'zaBBB+'
from 'zaA-'. At the same time, they affirmed Eqstra’s short-term
rating of 'zaA-2'. According to S&P’s the credit rating downgrade of
Eqstra reflects their concern regarding the ongoing labour tension
in the South African mining sector and a lackluster economic
environment which, in their opinion, has weakened Eqstra’s business
risk profile.

The S&P full report is available on www.eqstra.co.za

4 April 2014

Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 04/04/2014 02:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.