Real People Investment Holdings Limited

Moody's Rating Action

Real People Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/020093/06)
("Real People" or "the Issuer")

MOODY'S INVESTORS SERVICE DOWNGRADES THE NATIONAL AND GLOBAL SCALE RATINGS OF REAL PEOPLE INVESTMENT HOLDINGS LIMITED

Noteholders are advised that Moody's Investors Service ("Moody's") has, on 26 May 2017, downgraded the National and Global Scale Ratings of Real People, respectively, to Ca.za from Caa2.za and to Ca from Caa2. The ratings carry no outlook.

According to Moody's the downgrade captures the increased risk of Real People's creditors suffering significant losses, owing to a capital shortfall, following the announcement by Real People on 17 May 2017 that it has entered into a debt standstill agreement with the majority of its creditors.

Noteholders are further advised that the bonds issued by Real People are considered to be of a speculative nature and investors should seek independent professional advice prior to investing in the debt securities of the Issuer.

Noteholders are referred to the rating action notice released by Moody's for any additional information, also available on the company's website at http://www.realpeoplegroup.co.za/index.php?nav=credit-rating-reports.

30 May 2017

Real People Moody's Downgrade Announcement - 26 May 2017

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Real People Investment Holdings Limited via Globenewswire