EQSTRA CORPORATION LIMITED - Amended and/or Restated Programme Documentation, Additional Guarantee and Credit Rating of the Parent Guarantor

Amended and/or Restated Programme Documentation, Additional Guarantee and Credit Rating of the Parent Guarantor

Eqstra Corporation Limited
(previously Eqstra Corporation
Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 1984/007045/06)
Company code: BIEQS
(“Eqstra” or “the Issuer”)


AMENDED AND/OR RESTATED PROGRAMME DOCUMENTATION, ADDITIONAL
GUARANTEE AND CREDIT RATING OF THE PARENT GUARANTOR

PUBLICATION OF THE FIRST SUPPLEMENT TO THE PROGRAMME
MEMORANDUM, AMENDED AND RESTATED APPLICABLE PRICING
SUPPLEMENTS, SUPPLEMENTS TO APPLICABLE PRICING SUPPLEMENTS AND
AMENDMENT AGREEMENTS IN RESPECT OF THE PARENT AND SUBSIDIARY
GUARANTEES

Noteholders are advised that the Issuer has received approval
from the JSE Limited in respect of the First Supplement to the
Programme Memorandum dated 7 November 2016 (“the Supplement”),
the amended and restated Applicable Pricing Supplements for
the Series 176, EQS05 and the Series 191, EQS06 notes (“the
Amended Notes”) as well as the Supplements to the Applicable
Pricing Supplements for the EQS07, EQS08A and EQS09 notes
(“the Supplements to the APSs”). The Supplement together with
the Amended Notes and the Supplements to the APSs have been
made available for inspection at the registered office of
Eqstra and can also be accessed on the website of enX Group
Limited at www.enxgroup.co.za.

The Supplement together with the Amended Notes and the
Supplements to the APSs will also be available for inspection
on the JSE website www.jse.co.za.

Eqstra, further advises Noteholders that the amendment
agreements in respect of the parent and the subsidiary
guarantees (“the guarantees”) have also been made available on
the website of enX Group Limited mentioned above.

The guarantees will be held by Nedbank Limited.

ADDITIONAL GUARANTEE IN RESPECT OF THE EQSTRA DOMESTIC MEDIUM
TERM NOTE PROGRAMME

Noteholders are advised that an additional guarantee has been
granted by enX Group Limited (“the Guarantor”) in respect of
the notes issued under the Eqstra ZAR8,000,000,000.00 Domestic
Medium Term Note Programme (“DMTN Programme”), whereby, the
Guarantor, irrevocably and unconditionally:
-   guarantees to each Noteholder the punctual performance by
    the Issuer of all its obligations under the notes in
    accordance with the Terms and Conditions of the notes;
-   undertakes with each Noteholder that whenever the Issuer
    does not pay any amount when due under or in connection
    with any note, the Guarantor shall immediately on demand
    by the relevant Noteholder pay that amount as if it were
    the principal obligor in respect of that amount; and
-   agrees with each Noteholder that if any obligation
    guaranteed by it is or becomes unenforceable, invalid or
    illegal,   it  will,   as   an  independent   and   primary
    obligation, indemnify that Noteholder immediately on
    demand against any cost, loss or liability it incurs as a
    result of the Issuer not paying any amount which would,
    but for such unenforceability, invalidity or illegality,
    have been payable by it in terms of the Terms and
    Conditions of the notes on the date when it would have
    been due.   The amount payable by a Guarantor under this
    indemnity will not exceed the amount it would have had to
    pay under Clause 3 of the guarantee if the amount claimed
    has been recoverable on the basis of the guarantee.

The Guarantor furthermore acknowledges that it has received a
copy of the Programme Memorandum in respect of the DMTN
Programme as well as the applicable pricing supplements which
have been issued under same and confirms their awareness of
the terms thereof.

The guarantee will be held by Nedbank Limited and a copy has
been made available on the website of enX Group Limited at
www.enxgroup.co.za.

NEW CREDIT RATING OF THE PARENT GUARANTOR

Noteholders are advised that Global Credit Rating Co (Pty) Ltd
(“GCR”) has, on 8 November 2016, assigned to Eqstra
Investments (Proprietary) Limited a long-term South African
national scale credit rating of BBB(ZA) and a short term South
African national scale credit rating of A3(ZA). Concurrently,
GCR has assigned a Stable Outlook to the credit ratings.

The press release published by GCR may be retrieved on GCR’s
website: www.globalratings.net; or the Issuers’ website:
www.enXgroup.co.za.


8 November 2016

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

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