EQSTRA HOLDINGS LIMITED - Standard & Poors ratings services affirmed Eqstra's South African national scale rating to zaBBB+/zaA-2

Standard & Poor’s ratings services affirmed Eqstra's South African national scale rating to zaBBB+/zaA-2

Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1998/011672/06
Eqstra Corporation Limited
Registration number: 1984/007045/06
ISIN: ZAE000117123
JSE share code: EQS, EQS02, EQS04, EQS05, EQS06, EQS07, EQS08A, EQS09
("Eqstra")

STANDARD & POOR’S RATINGS SERVICES AFFIRMED EQSTRA`S SOUTH AFRICAN
NATIONAL SCALE RATING TO zaBBB+/zaA-2

On 20 April 2015, Standard & Poor’s Ratings Services (S&P’s) re-affirmed
the long-term South Africa national scale rating of Eqstra as zaBBB+.

S&P said the rationale for the rating was as follows:

  -   "Eqstra Holdings Ltd.'s financial performance continues to be
      resilient despite operating in a challenging domestic economic
      environment.
  -   We are therefore affirming our 'zaBBB+/zaA-2' long- and short-term
      South Africa national scale ratings on Eqstra.
  -   We think that Eqstra's good business diversification and market
      position, plus its prudently managed capital expenditure and cost
      growth, will support earnings resilience and build capital and
      liquidity buffers over the next 12 months."

S&P’s full report is available on http://www.eqstra.co.za/rating.aspx


Kempton Park
21 April 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 21/04/2015 03:33:00 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.