EXXARO RESOURCES LIMITED - EXX02 - South Africa Corporate and Infrastructure National Scale Ratings raised after criteria review by S& P

EXX02 - South Africa Corporate and Infrastructure National Scale Ratings raised after criteria review by S& P

EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
Bond Code: EXX02
ISIN Code: ZAG000115965
(Exxaro)

EXXARO RESOURCES LIMITED: SOUTH AFRICA CORPORATE AND INFRASTRUCTURE
NATIONAL SCALE RATINGS RAISED AFTER CRITERIA REVIEW BY STANDARD & POORS’
RATINGS SERVICES

Notice is hereby given in terms of the Debt Listings Requirements of the JSE Limited that Standard
and Poor’s (S&P) has on 2 July 2018 raised South Africa’s national scale issue and issuer ratings
on 11 corporate and infrastructure issuers. The under criteria observation (UCO) designation was
removed and rating actions also affirmed the long-term South African national scale issuer credit
rating of Eskom Holdings SOC Limited. The rating changes are purely a result of the revisions to
the mapping table, with the intention of creating the most appropriate distinction among ratings on
the national scale, and do not represent a change in S&P view of the credit quality of the issue or
issuer.

S&P Global Ratings have, as a result, taken the following rating actions on Exxaro: to raise its
Corporate Credit rating to ‘zaA-’ from ‘zaBBB’. The short term rating has been affirmed as zaA-2.

For further information see " South Africa Corporate And Infrastructure National Scale Ratings
Raised After Criteria Review; Removed From UCO”, published 27 July 2017 on
www.standardandpoors.com/ratingsdirect.

SE VAN LOGGERENBERG
GROUP COMPANY SECRETARY

3 July 2018

ENQUIRIES
Mzila Mthenjane, Executive Head: Strategy & Stakeholder Engagement
Tel: + 27 12 307 7393
Mobile: +27 83 417 6375
Email: Mzila.mthenjane@exxaro.com

Sponsor
Absa Bank Limited, acting through its corporate and investment banking division

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