SAPPI SOUTHERN AFRICA PROPRIETARY LIMITED - Credit rating announcement - SSA06

Credit rating announcement - SSA06

SAPPI SOUTHERN AFRICA LIMITED
Registration number 1951/003180/06
Incorporated in the Republic of South Africa
Stock Code: SSA06
ISIN: ZAG000104472
(“Sappi Southern Africa”)

CREDIT RATING ANNOUNCEMENT

Sappi Southern Africa hereby notifies all its debt investors that Global Credit Ratings has affirmed the
national scale Issuer ratings assigned to Sappi Southern Africa at A+(ZA) and A1+(ZA) in the long
and short term respectively on 29 May 2018.

The outlook on the rating is accorded as “Positive” which is reflective of Sappi Southern Africa’s
strong cash generation and liquidity position.


Date 30 May 2018

Debt Sponsor: Nedbank Corporate and Investment Banking

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