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PEPKOR HOLDINGS LIMITED - Listing Of New Financial Instruments

2021/05/04 16:45:00

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                    Listing Of New Financial Instruments

PEPKOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2017/221869/06)
Share Code: PPH
ISIN: ZAE000259479
Debt company code: PPHI
Bond code: PEP03 ISIN: ZAG000175969
Bond code: PEP04 ISIN: ZAG000175977
(“Pepkor” or “Pepkor group”)

LISTING OF NEW FINANCIAL INSTRUMENTS

Pepkor successfully raised R2.2 billion in the South African bond market following an auction held
on Friday 30 April 2021. Strong demand from institutional investors resulted in an oversubscription
of 2.8 times.

'It is very pleasing to see such strong support from the local investor community for Pepkor. Our
purpose is to make a positive difference in the lives of our customers. The confidence expressed in
Pepkor is underpinned by the excellent performance which our retail brands continue to deliver,'
says Pepkor CEO Leon Lourens.

The Domestic Medium Term Note Programme (“the Programme”) is part of Pepkor’s strategy to
diversify its sources of funding and to reduce its cost of funding. Proceeds from the notes issued will
be used to replace existing term debt due for repayment in 2022 - thereby strengthening the Pepkor
group's liquidity and debt repayment profile. On 28 April 2021, Pepkor reported that its net debt as at
31 March 2021 had reduced to R6.1 billion compared to R14.1 billion in the previous year. The
reduction in net debt by R8.0 billion was facilitated by continued positive trading momentum and
strong cash generation.

Pepkor therefore wishes to notify shareholders and noteholders that the JSE Limited has granted
the listing of its PEP03 and PEP04 Senior Unsecured Floating Rate Notes effective 05 May 2021, in
terms of its Programme dated 2 March 2020 and guaranteed by Pepkor Trading Proprietary Limited.


Debt Security Code:                      PEP03
ISIN:                                    ZAG000175969
Type of Debt Security:                   Floating Rate Notes
Nominal Issued:                          ZAR 1 435 000 000.00
Coupon Rate:                             3 Month JIBAR plus 152 basis points
Maturity Date:                           05 May 2024

Debt Security Code:                      PEP04
ISIN:                                    ZAG000175977
Type of Debt Security:                   Floating Rate Notes
Nominal Issued:                          ZAR 765 000 000.00
Coupon Rate:                             3 Month JIBAR plus 170 basis points
Maturity Date:                           05 May 2026

Issue Date:                              05 May 2021
Issue Price:                             100%
Interest Commencement Date:              05 May 2021
Interest Determination Date(s):          05 February, 05 May, 05 August and 05 November of each
                                         year until the Maturity Date, with the first Interest
                                         Determination Dates being 30 April 2021
First Interest Payment Date:             05 August 2021
Interest Payment Date(s):                05 February, 05 May, 05 August and 05 November of each
                                         year until the respective Maturity Date
Last Day to Register:                    By 17h00 on 25 January, 24 April, 25 July and 25 October
                                         of each year until the respective Maturity Date
Books Close:                             26 January, 25 April, 26 July and 26 October of each year
                                         until the respective Maturity Date
Business Day Convention:                 Following Business Day
Final Maturity Amount:                   100 percent of Nominal Amount
Other:                                   The pricing supplement does not contain additional terms
                                         and conditions or changes to the terms and conditions as
                                         contained in the Programme
Summary of Additional Terms:             Not Applicable

Programme Amount:                        ZAR 10 000 000 000.00
Total Notes in Issue Under Programme:    ZAR 1 006 000 000.00, exclusive of these issuances of
                                         notes
Dealer:                                  FirstRand Bank Limited, acting through its Rand Merchant
                                         Bank division


Parow
04 May 2021

Equity sponsor
PSG Capital

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 04-05-2021 04:45:00
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