(Incorporated in the Republic of South Africa)
(Registration number 1995/003054/06)
JSE Share code AMB ISIN ZAE000029682
("AMB Holdings")
ANNOUNCEMENT REGARDING:
* THE WITHDRAWAL FROM THE RATING RELATIONSHIP WITH FITCH RATINGS
LIMITED("Fitch"); AND
* THE ESTABLISHMENT OF RATING RELATIONSHIPS WITH GLOBAL CREDIT RATING CO.
Limited ("GCR") AND CA-RATINGS, AN AFFILIATE OF STANDARD AND POOR'S
1. WITHDRAWAL FROM RATING RELATIONSHIP WITH FITCH
African Merchant Bank Limited ("AMB") is authorised to announce that AMB
Holdings has, by mutual agreement with Fitch, terminated its rating
relationship with Fitch with the result that Fitch will withdraw its ratings
of AMB Holdings.
2. ESTABLISHMENT OF RATING RELATIONSHIPS WITH GCR AND CA-RATINGS
AMB Holdings has established rating relationships with GCR and
CA-Ratings. The ratings that have been awarded to AMB Holdings by GCR and CA-
Ratings are as follows:
GCR Short term Long term
AMB Holdings A2 BBB+
CA-Ratings Short term Long term
AMB Holdings zaA2 zaBBB
9 May 2002
Sponsor
African Merchant Bank Limited
Registered Bank
Registration number 1996/016470/06
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