ACSA Rating Action By Moody’s Investor Services Airports Company South Africa SOC Limited (Incorporated in the Republic of South Africa) (Registration number 1993/004149/30) (“ACSA”) or (“the Company”) Issuer Code: BIACSA ACSA RATING ACTION BY MOODY’S INVESTOR SERVICES In accordance with paragraph 6.8 of the JSE Debt Listings Requirements, noteholders are hereby advised that on 24 November 2020, Moody’s Investors Service has affirmed the Ba2 long-term global scale rating of Airports Company South Africa. The rating action follows Moody’s downgrade of the Government of South Africa rating to Ba2 from Ba1 with a negative outlook on 20 November 2020 At the same, Moody's upgraded to Aa2.za from Aa3.za the long-term national scale rating to reflect the revised mapping for the South African national rating scale. The rating outlook remains negative which reflects downside risk to company’s credit profile linked to the consequences of the Covid-19 pandemic, and the negative outlook on the government rating. Further details on the rating action can be viewed on the following link: https://www.moodys.com/research/Moodys-affirms-ACSAs-Ba2-rating- maintains-negative-outlook--PR_436578 Airports Company South Africa notes the decision by Moody’s affirmed the global scale rating at Ba2 and upgrade the national scale rating to Aa2.za. Johannesburg 25 November 2020 Debt Sponsor The Standard Bank of South Africa Limited Date: 25-11-2020 04:45:00 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.