GCR upgrades Equites issuer credit rating EQUITES PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 JSE alpha code: EQUI (Approved as a REIT by the JSE) ("Equites" or "the Company") GCR UPGRADES EQUITES ISSUER CREDIT RATING Equites' noteholders and shareholders are advised that Global Credit Rating Co. ("GCR") has undertaken a credit rating review of the Company, the outcome of which has been to upgrade the long term national scale Issuer rating assigned to Equites to A+(ZA) and to affirm the short term rating as A1+(ZA), with a Stable Outlook. GCR's credit rating announcement is publicly available on its website at https://gcrratings.com/announcements/gcr- revises-national-scale-issuer-rating-on-equites-property-fund-limited-to-aza-on-criteria-change-outlook-stable/. 28 August 2019 Sponsor Java Capital Nedbank Corporate and Investment Bank, a division of Nedbank Limited Debt sponsor Date: 28/08/2019 04:43:00 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.
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