UMGENI WATER - Credit rating announcement

Credit rating announcement

UMGENI WATER
Company code : BIUMWA
Stock Codes:
UG21: ZAG000075698
UG26: ZAG000133760
(the “Company”)

CREDIT RATING ANNOUNCEMENT

Noteholders are advised that Fitch Ratings (“Fitch”) has affirmed Umgeni Water's National Long-Term
Rating at 'AA+(zaf)' with a stable outlook.

The affirmation reflects the continued strong links between the Company and the South African
state as well as stability in Umgeni Water's standalone credit profile.

The full rating announcement will be made available upon request.

29 November 2019

Debt Sponsor
Nedbank Corporate and Investment Banking

Date: 29-11-2019 11:50:00
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