Moody's Rating Action - CTMM THE CITY OF TSHWANE METROPOLITAN MUNICIPALITY (A municipality as described in section 2 of the Local Government Municipal Systems Act, 2000, duly established in terms of Notice No. 6770, promulgated in the Provincial Gazette Extraordinary of 1 October 2000 in terms of section 12(1) read with section 14(2) of the Local Government: Municipal Structures Act, 1998, as amended) (Issuer code: CTMM) ("City of Tshwane" or "City") MOODY'S RATING ACTION Moody's Investor Services (Moody's) has today placed the City of Tshwane's Caa2 long term issuer rating, caa2 BCA and its Caa1.za NSR long-term issuer rating on review for downgrade. Concomitantly Moody's has affirmed City of Tshwane's NP short term issuer rating and NSR short term issuer rating of Non-Prime (NP.za). Full details on the ratings action by Moody's on 06 March 2024, are available on the following link: PR_486138. The terms and conditions as provided for in the Programme Memorandum and relevant Applicable Pricing Supplements are available for viewing and download at: https://www.tshwane.gov.za/?page_id=16277. For further information, please reach out to the City of Tshwane Metropolitan Municipality: Chris Thipe: Divisional Head (Treasury Office) Email: Christ@tshwane.gov.za Tel: 012 358 6068 Or Gareth Mnisi: Chief Financial Officer Email: cfo@tshwane.gov.za Tel: 012 358 8801 Tshwane 07 March 2024 Debt Sponsor Absa Bank Limited (acting through its Corporate and Investment Bank division) Date: 07-03-2024 08:30:00 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.