Finbond upgraded to investment grade rating FINBOND GROUP LIMITED (INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA) (REGISTRATION NUMBER: 2001/015761/06) SHARE CODE: FGL ISIN: ZAE00013895 (“FINBOND” OR “THE COMPANY”) FINBOND UPGRADED TO INVESTMENT GRADE RATING Shareholders are advised that Global Credit Ratings (“GCR”) has today upgraded Finbond Group Limited’s national scale long term rating to BBB-(ZA), with the outlook accorded as Stable. GCR has accorded the above credit rating(s) to Finbond Group Limited (“Finbond”, “the group”) based on the following key criteria: Finbond Group Limited’s growing franchise as a leading player in mutual banking and short-term microfinance, providing short- and medium-term credit, insurance and savings products through its 281 branches. Adequate capital, conservative credit/risk management, and improving profitability/earnings diversification (despite regulatory risk) support the rating, which excludes the prospect of systemic support, given its low likelihood. The rating outlooks consider Finbond’s prospects/strategic direction, within the context of the negative consumer health, debt affordability, and credit trends. The ratings upgrade was achieved in difficult and challenging market conditions and in an environment which has been characterised by recent ratings downgrades. Pretoria 30 October 2014 Sponsor Grindrod Bank Limited Date: 30/10/2014 02:00:00 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.