Enhanced Investments - Financial Portal

PPH PPHI - Review of Pepkor’s Credit Opinion

Published: 2024-04-02 15:04:21 ET

PEPKOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share code: PPH
Debt code: PPHI
ISIN: ZAE000259479
LEI: 3789006D677C34F69875
(“Pepkor”)

REVIEW OF PEPKOR’S CREDIT OPINION

Shareholders and noteholders are advised that Moody's Investors Service (“Moody's”) has on 28
March 2024 concluded a review on Pepkor’s credit opinion. Pepkor’s Corporate Family Rating of
Ba2 and National Scale Long Term Rating of Aa1.za with a stable outlook remain unchanged.

In their credit opinion, Moody’s highlights Pepkor’s strong position in the budget-conscious
consumer clothing segment, its resilient business profile through the cycle and good liquidity as
credit strengths. Credit challenges include the difficult operating environment and concentration
of stores in South Africa.

2 April 2024
Parow

JSE Equity sponsor:
Investec Bank Limited

Debt sponsor and corporate broker:
Rand Merchant Bank (a division of FirstRand Bank Limited)




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329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.