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
upgraded the national scale issuer ratings assigned to Sappi Southern Africa Limited to AA-(ZA) and
A1+(ZA) in the long and short term respectively, with a Stable outlook on 20 March 2019.

Date 20 March 2019

Debt Sponsor: Nedbank Corporate and Investment Banking

Date: 20/03/2019 04:59:00 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.