JSE and BSE MTN programmes are listed and issued with global credit rating

In order to diversify largely wholesale funding sources, and to better match liquidity profiles, the Group listed fixed-rate and floating-rate notes on the Johannesburg and Botswana Stock Exchanges, for 2.5 billion Rand and 2.5 billion Pula respectively. At present, 880 million Rand and 350 million Pula are subscribed on the JSE and BSE each, opening up investment opportunities for the local markets. A global investment grade credit rating from Moody's investor services was obtained.