US PLUS LIMITED - Availability of Annual Financial Statements and Updates to the Information State

Availability of Annual Financial Statements and Updates to the Information State

Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
(“UsPlus” or “the Issuer” or “the Company”)


AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021
AND UPDATES TO THE INFORMATION STATEMENT


1. AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS


It is hereby advised that the audited annual financial statements of Us Plus for the year ended 28 February
2021, including the unqualified audit report of PKF Octagon Incorporated, the Issuer’s registered auditors, are
available for inspection at the registered office of the Issuer and on the Issuer’s website at:

https://www.usplus.world/financial-results/


2. UPDATES TO THE INFORMATION STATEMENT

UsPlus has updated the Information Statement which is incorporated by reference into the UsPlus Limited
ZAR1,000,000,000 Domestic Medium Term Note Programme by:

   -   incorporating information relating to the key risks relating to the Issuer and its business, including a
       section on Covid-19 and how the recent Covid-19 pandemic impacts the Issuer’s business, results
       of operations and financial condition;
   -   updating the gross and net asset figures for UsPlus as at 28 February 2021;
   -   updating the business allocation from main products, as determined by value disbursed, for the year
       ended 28 February 2021;
   -   including updated information in respect of the Issuer’s primary assets as at 28 February 2021;
   -   updating the information relating to the Dollar Facility, including the partial repayment thereof. The latest
       information regarding the forward foreign exchange contract and the extension thereof, together with
       information regarding the new Rand Facility has also been included;
   -   including information regarding the equity capital raised during March 2021;
   -   updating the reverse factoring paragraph, ceasing this form of finance with effect from 1 March 2021;
   -   updating the information contained in the additional disclosure paragraph, including the Constitutional
       Court’s dismissal of the legal case;
   -   updating the section referring to ownership, regarding shareholding of the Issuer;
   -   incorporating a new directors’ disclosure paragraph; and
   -   incorporating information relating to corporate governance, including the debt officer’s details and
       reference to the Issuer’s required policies being available on the Company’s website.

The amended Information Statement is available for viewing or download from the following website:

https://www.usplus.world/bond-issuance/


Johannesburg
13 April 2021

Debt Sponsor
Merchantec Capital

Date: 13-04-2021 03:50:00
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