CANCELLATION OF S424662 TCTA: Moody's Issuer In-Depth Report on TCTA's Projects Trans-Caledon Tunnel Authority (TCTA) WSP4 (LHWP) ZAG000020009 WSP5 (LHWP) ZAG000020017 As established by Notice No 2631 in Government Gazette No 10545 of 12 December 1986, which was replaced by Notice No 277 in Government Gazette No 21017 of 24 March 2000 (the Notice of Establishment). A Schedule 2 Public Finance Management Act No. 1 of 1999 (PFMA) entity. MOODY’S ISSUER IN-DEPTH REPORT ON TRANS-CALEDON TUNNEL AUTHORITY’S PROJECTS TCTA’s SENS Announcement of 15 November 2019 titled: TCTA replaces Fitch Ratings as the Ratings Agency For Its Projects; Moody’s Initiates Ratings On 5 TCTA Projects: Assigns Ba1/NP And Aa2.za/P-1.za; Negative Outlook has reference. Moody’s In-Depth Report supporting the ratings assigned to TCTA’s Projects can be found at on TCTA’s website at: https://tcta.sharepoint.com/Tenders/2019%2012%20Moody%27s%20Issuer%20In- Depth%20Report%20TCTA%20Projects%20-%206%20Dec%2019.pdf?csf=1&e=DYlce9&cid=232ca70a- 2210-42c0-9fed-5e4cd95732e9 or on Moody’s website at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1201792 Nyiko Mageza, TCTA Sponsor +27 12 683 1334, nmageza@tcta.co.za Queries - Alicia Keyser , TCTA Project Finance +27 12-683 1200, akeyser@tcta.co.za Media Queries - Wanda Mkutshulwa, Head of Communications +27 12 683 1378, wmkutshulwa@tcta.co.za 10 December 2019 Date: 18-12-2019 12:17:59 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.