STEFANUTTI STOCKS HOLDINGS LIMITED - New Facility Agreement with Standard Bank of South Africa Limited

New Facility Agreement with Standard Bank of South Africa Limited

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK       ISIN: ZAE000123766
(Main Board – General Segment)
(Stefanutti Stocks or the group)

NEW FACILITY AGREEMENT WITH STANDARD BANK OF SOUTH AFRICA LIMITED

As reported in numerous SENS announcements, shareholders have been updated on the progress made in
terms of the Restructuring Plan. As previously communicated, the group reached an agreement with its current
lenders (the Lenders) to extend the capital repayment profile of the current loan, as well as its duration to 30
June 2026.

Shareholders are hereby advised that the group's primary operating subsidiary, Stefanutti Stocks Proprietary
Limited, has successfully concluded a new ZAR850 million 5-year term facility agreement (the Facility) with
The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking Division
(Standard Bank). The Facility will be utilised in full to immediately settle the current loan with the Lenders,
thereby terminating the historic arrangement with the Lenders including the requirement for the Restructuring
Plan and consequently, the group will no longer be reporting in terms thereof.

The Facility has been secured on favourable and market-related terms.

Key features of the Facility:

    •   Facility size: R850 million;

    •   Effective date: 31 October 2025;

    •   Tenor: Five years from the effective date;

    •   Repayment profile: Interest-only payment due in November 2025, followed by nineteen equal
        quarterly instalments commencing in February 2026 and continuing until final maturity by August 2030;

    •   Interest: The equivalent to three-month Johannesburg Interbank Average Rate (JIBAR), plus a margin
        of 3.50% compounded quarterly; and

    •   Purpose: To immediately settle the group's current loan obligation with the Lenders.

The Facility is partially supported by financial guarantees from the group's guarantee providers and a
comprehensive security package.

The terms of the Facility will result in the liability being apportioned between current and non-current liabilities
in the Statement of Financial Position.

Funds received from the contractual claims on the Kusile power project and proceeds from the disposal of SS-
Construções (Moçambique) Limitada, less associated costs, will be utilised to make capital prepayments
against the Facility.

Shareholders will be updated as to the progress of these processes.

Johannesburg
31 October 2025
Sponsor: Bridge Capital Advisors Proprietary Limited
Strategic Advisor: Metis Strategic Advisors Proprietary Limited
Corporate Advisor: Birkett Stewart McHendrie Proprietary Limited
Legal Advisor: Webber Wentzel

Date: 31-10-2025 01:45:00
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.