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CAPITEC BANK HOLDINGS LIMITED - Latest Moodys Investors Service Research Published

Release Date: 29/05/2014 16:55
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Latest Moody’s Investors Service Research Published

Capitec Bank Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1999/025903/06
Registered bank controlling company
JSE share codes: CPI - ISIN : ZAE000035861
("Capitec")

Capitec Bank Limited
Incorporated in the Republic of South Africa
Registration No. 1980/003695/06
Company code: BICAP
(“Capitec Bank”)

LATEST MOODY’S INVESTORS SERVICE RESEARCH PUBLISHED

Moody’s Investors Service updated their research on Capitec
Bank Limited, the wholly-owned banking subsidiary of Capitec.
Both the international ratings of Baa3/P-3 and the national
ratings of A2.za/P-1.za remain unchanged and the outlook for
all ratings remains stable.

In their rating rationale, Moody’s mention that ‘The bank's
simplified, low-cost, single-banking solution has been gaining
appeal with South Africa's consumers, while its paperless,
straightforward, technology-driven business model enables it
to provide a low-cost and efficient service, with rapid
application processes and an improved service level.’

Stellenbosch
29 May 2014
Sponsor: PSG Capital (Pty) Limited

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

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