US PLUS LIMITED - Voluntary Announcement: USD2 million Subordinated Loan Agreement for UsPlus

Voluntary Announcement: USD2 million Subordinated Loan Agreement for UsPlus

Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
("UsPlus" or "the Company")


Voluntary Announcement: USD2 million Subordinated Loan Agreement for UsPlus


The board of directors of UsPlus ("the Board") is pleased to announce that UsPlus has, through the
conclusion of a Subordinated Loan Agreement with Verdant Capital Hybrid Fund I GMBH & Co. KG (the
"Lender"), secured an investment of USD2 million with the Lender, structured as junior convertible
debentures in UsPlus, taking the Company's Equity and Mezzanine Capital Base to over R100 million.

UsPlus has been operating since 2015, specialising in the provision of tailor-made working capital finance
solutions to SMEs through the purchase of transferable instruments such as invoices, purchase orders
and contracts issued by or to its SME clients. This convenient and cost-effective solution gives SMEs
access to funding to manage working capital and maximise profits.

UsPlus has impacted the financial landscape of SMEs in South Africa by using working capital to support
sectors and projects that are essential to the sustainability of the country's society and environment. To
date, UsPlus has deployed close to ZAR4.5 billion in working capital to SMEs.

The Lender's investment will enable UsPlus to expand its invoice factoring services across key sectors
in South Africa, reinforcing the Company's role as a pivotal player in the South African invoice factoring
vertical.


Johannesburg
29 January 2025

Debt Sponsor
Merchantec Capital

Date: 29-01-2025 01:40:00
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