OMNIA HOLDINGS LIMITED - Voluntary update - credit rating

Voluntary update - credit rating

OMNIA HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1967/003680/06)
JSE code: OMN
LEI NUMBER: 529900T6L5CEOP1PNP91
ISIN: ZAE000005153
("Omnia" or the "Company" or the "Group")


VOLUNTARY UPDATE – CREDIT RATING


Omnia is pleased to inform stakeholders that GCR Ratings ("GCR"), an affiliate of Moody's Investor
Services, has upgraded Omnia's long term issuer rating to A+(ZA) from A(ZA) and affirmed the short-term
issuer rating at A1(ZA). The outlook is Stable, reflecting the Group's resilience despite volatile operating
environments.

The rating upgrade reflects GCR's view that Omnia's strong earnings and cash flow generation remain
resilient on the back of greater efficiencies derived from its operations. GCR expects the Company's prudent
approach to balance sheet management to sustain a robust financial profile.

The report also highlights the following elements of Omnia's investment case:
- Its solid free cash flow generation and robust liquidity;
- Its position as a leading regional producer and supplier of nitrogen-based fertilizers and mining explosives
  in Africa, which is complemented by a growing market presence in agricultural biological products
  globally; and
- The Company's strong competitiveness resulting from proprietary technologies, modernised production
  processes, improved supply chain control and varying degrees of integration of manufacturing capabilities
  across its segments.

Seelan Gobalsamy, Chief Executive Officer of Omnia, said: "The credit rating upgrade reflects Omnia's
strong operational and financial performance and delivery on our strategy. It recognises the steps we have
taken to improve our resilience in these volatile times and our commitment to drive growth through
geographical expansion, innovation and process optimisation. These efforts will continue to be
underpinned by disciplined capital management."

GCR's full report is available at https://gcrratings.com/announcements/gcr-upgrades-omnias-long-term-
issuer-rating-to-aza-on-strong-performance-and-maintenance-of-low-leverage-outlook-stable/ or Omnia's
Investor Relations office at omniaIR@omnia.co.za.


Johannesburg
3 August 2023

Sponsor
Java Capital
Date: 03-08-2023 04:00:00
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