URBAN UBOMI 1 (RF) LIMITED - Credit Rating Upgrade Announcement - Urban Ubomi 1

Credit Rating Upgrade Announcement - Urban Ubomi 1

Urban Ubomi 1 (RF) Limited
("Urban Ubomi 1")


Credit Rating Upgrade Announcement

Urban Ubomi 1 is pleased to advise Noteholders that on 20 May 2024, GCR Ratings
("GCR") upgraded the ratings of the existing Classes A2, A5, A8, A11 and A9 Notes
of the Issuer to AAA (ZA)(sf) from AA+(ZA)(sf).The Rating Outlook for the existing Class B
and Class C Notes were affirmed has been maintained as A+(ZA)(sf) and BBB+(ZA)(sf)
respectively.

GCR's credit rating announcement is publicly available on its website at:
GCR assigns AAA(ZA)(sf) rating to Class A13 Notes issued by Urban Ubomi 1 (RF)
Limited. Existing Notes' ratings affirmed and upgraded. – GCR Ratings

Johannesburg
22 May 2024

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 22-05-2024 09:42:00
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.