Super Group - Misleading Business Day article `Super Group faces squeeze to
repay bond`
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
ISIN number: ZAE000011334
Share code: SPG
(`Super Group` or `the Company`)
MISLEADING BUSINESS DAY ARTICLE `SUPER GROUP FACES SQUEEZE TO REPAY BOND`
The article published in the Business Day, 7 September 2005, headed `SUPER GROUP
FACES SQUEEZE TO REPAY BOND` is misleading, irresponsible and sensationalist.
Super Group has no concerns about its ability to repay its corporate bond in
June 2008.
As at 31 March 2005, the Company`s financial year end, the Group reported cash
and cash equivalents of R911 million and a debt-equity ratio of 17.5%, if full
maintenance lease liabilities and Australian liabilities with no resource to
Super Group or its South African subsidiaries are excluded.
The increased borrowings at year end reflect the R900 million corporate bond
raised. The corporate bond will be repaid in accordance with its terms.
Super Group`s credit rating from FitchRatings remains A-(zaf) positive outlook.
7 September 2005, Sandton, South Africa.
Sponsor: Deutsche Securities (SA) (Pty) Limited
Date: 07/09/2005 03:06:03 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
