THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - Credit rating announcement

Credit rating announcement

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Company code: BINRA
(“SANRAL”)

CREDIT RATING ANNOUNCEMENT

Noteholders are advised that Moody’s Investor Services has, on 28 March 2018, maintained the Ba1
rating under review for downgrade for SANRAL.

The report may be retrieved at the following link: https://www.moodys.com/research/Moodys-confirms-
ratings-of-13-South-African-sub-sovereign-issuers--PR_381226

29 March 2018

Debt Sponsor
One Capital

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