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2020 Financial Restructuring

On 22 October 2020, Petra announced that it had reached agreement in principle on a common set of commercial terms with respect to a long-term solution for the recapitalisation of the Group with each of the ad-hoc group of holders of the US$650 million 7.25% Senior Secured Second Lien Notes and the Company’s South African lender group. This aims to provide the business with a more stable, deleveraged capital structure that will ensure the short and long-term viability of the Company. The terms of the restructuring are set out in the Combined Circular and Prospectus, which can be downloaded below.