IBL Financial Overview

Credit ratings Current credit ratings Rating Outlook ■ ■ IBL's ratings have remained relatively stable over many years reflecting the financial soundness of the bank over a long period of time Past ratings adjustments have largely been associated with changes in views by the rating agencies of the credit worthiness of the South African sovereign It is generally accepted that a bank cannot have a higher rating than the sovereign of the country in which it operates, unless they are largely foreign-owned and the foreign holding company is domiciled in a country with a higher rating than South Africa Historical credit ratings Moody's National scale long-term deposit rating Aa1.za Negative National scale short-term deposit rating P-1.za Global long-term deposit rating: Ba2 Global short-term deposit rating: NP Baseline credit assessment (BCA) and adjusted BCA ba2 Fitch National long-term rating National short-term rating Rating AA+(zaf) F1+(zaf) Outlook Negative Foreign currency long-term issuer default rating BB- Foreign currency short-term issuer default rating B Viability rating bb- Support rating S&P 4 Long-Term Foreign National scale long-term rating za.AA Rating Outlook Stable Current Nov-20* May-20* Apr-20* Currency Deposit Rating Moody's Ba2 Ba2 Ba1 Ba1 National scale short-term rating za.A-1+ Foreign currency long-term issuer credit rating Fitch BB- BB- BB BB BB- Foreign currency short-term issuer credit rating B S&P BB- BB- BB- BB Global Credit Ratings Rating Outlook National long-term rating National short-term rating International long-term rating AA(za) Negative A1+(za) BB *Changes reflect downgrades of the sovereign of South Africa. Page 30

View entire presentation