Eskom signs a R20 billion credit facility with seven lenders - BIESKM ESKOM HOLDINGS SOC LTD JSE CODE: BIESKM DATE: 28 FEBRUARY 2018 MEDIA STATEMENT Eskom signs a R20 billion credit facility with seven lenders Wednesday, 28 February 2018: Eskom has today signed a R20 billion short-term credit facility with a consortium of local and international banks. The government guaranteed facility will form part of the financing of Eskom’s current capital expenditure programme. The terms of the facility are comparable to Eskom’s existing facility agreements and pricing is aligned to market benchmarks of similar structures. Eskom’s Interim Group Chief Executive Phakamani Hadebe said, “We view the successful execution of this facility as a demonstration of the financial markets’ confidence in Eskom’s turn-around strategy. We are cognisant of the challenges that are still ahead for the business and we are committed to ensuring that we expediently transition Eskom’s operational and financial profile to adequate standards. Eskom remains a critical enabler for South Africa’s economic growth and it is critical that we attain maximum operational efficiency for the business to avoid negatively impacting the macro-environment.” Acting Chief Financial Officer Calib Cassim said: “Concluding this facility with the suite of banks reiterates the renewed willingness by financial markets to engage with Eskom. The funding provides Eskom with sufficient liquidity to allow the company time to continue resolving its governance related issues and enables Eskom to recommence with its normal funding program required to execute the FY2018/19 funding plan.” ENDS Eskom Media Desk Tel: +27 11 800 3304 / 3343 Fax-to-Email: 086 664 7699 Email: mediadesk@eskom.co.za Date: 28/02/2018 04:20:00 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.