WOOLWORTHS HOLDINGS LIMITED - S&P Global (S&P) raises National Scale Credit Rating of WHL

S&P Global (‘S&P’) raises National Scale Credit Rating of WHL

Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001986/06)
Company code: WHLI
Bond code: WHL01
ISIN: ZAG000147133
(“WHL”)


S&P GLOBAL (‘S&P’) RAISES NATIONAL SCALE CREDIT RATING OF WHL

Senior Unsecured Floating Rate Noteholders are advised that S&P has raised the national
scale rating of WHL from ‘zaA+’ to ‘zaAA’ after recalibrating its national scale mapping table
for South Africa.

The rating action does not reflect any change in S&P’s view of the fundamental credit
quality of WHL.

03 July 2018

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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