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Tue 24 Feb 2015, 14:00 RCS INVESTMENT HOLDINGS LTD - Replacement of credit rating on current notes in issue
RCSB04 RCSB07 RCSB05 RCSB03 RCSB06 201502240030A
Replacement of  credit rating on current notes in issue

RCS INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2000/17884/06)
Bond issuer code: BIRCS
(“RCS”)



REPLACEMENT OF CREDIT RATING ON CURRENT NOTES IN ISSUE


RCS wishes to notify noteholders that, with effect from 20 February
2015, it has replaced the Baa1.za national scale Issuer credit rating
contained in the Applicable Pricing Supplement in respect of its
current notes that it has issue (being RCSB03, RCSB04, RCSB05,
RCSB06, and RCSB07) as accorded by Moody’s Investor Services, with a
AA-(zaf) national scale Issuer credit rating accorded by Fitch Rating
Limited.

24 February 2015

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

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