EQUITES PROPERTY FUND LIMITED - GCR upgrades Equites credit rating

GCR upgrades Equites’ credit rating

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
Share code: EQU ISIN: ZAE000188843
Debt company code: EQUI
(Approved as a REIT by the JSE)
(“Equites” or “the company”)


GCR UPGRADES EQUITES’ CREDIT RATING


Equites’ noteholders and shareholders are advised that GCR Ratings (“GCR”) has undertaken a credit rating
review of the Company, the outcome of which has been to upgrade the national scale long and short-term
ratings from A+(ZA) and A1(ZA) to AA-(ZA) and A1+(ZA) respectively and have changed the outlook from
“positive” to “stable”.

GCR's credit rating announcement is available on its website at https://gcrratings.com/announcements/gcr-
upgrades-equites-rating-to-aa-za-a1za-on-sustained-strong-portfolio-performance-amidst-the-ongoing-
coronavirus-pandemic/

GCR's credit rating announcement is also available on the Equites website at https://equites.co.za/investor-
community/investors-documentation

19 August 2021



Sponsor                                               Debt Sponsor
Java Capital                                          Nedbank Corporate and Investment Banking
                                                      (a division of Nedbank Limited)

Date: 19-08-2021 02:00:00
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