SUPERDRIVE INVESTMENTS (RF) LIMITED - SuperDrive - Availability of Annual Financial Statements for the Year Ended 31 December 2020

SuperDrive - Availability of Annual Financial Statements for the Year Ended 31 December 2020

SuperDrive Investments (RF) Limited
Incorporated in the Republic of South Africa
(Registration number 2011/000895/06)
(“SuperDrive” or “the Issuer” or “the Company”)

Instrument Code: SPDA8            ISIN Code: ZAG000135872
Instrument Code: SPDA10           ISIN Code: ZAG000138900
Instrument Code: SPDA12           ISIN Code: ZAG000145947
Instrument Code: SPDA13           ISIN Code: ZAG000161787

AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


Noteholders are hereby advised that the audited annual financial statements of SuperDrive for the year ended
31 December 2020 (“AFS”), including the unqualified audit report of PricewaterhouseCoopers Inc., the Issuer’s
registered auditors, are available for inspection at the registered office of the Issuer and on the Issuer’s website
at:
https://www.bmw.co.za/en/topics/offers-and-services/bmw-financial-services/investor-relations.html

In accordance with paragraph 6.21 of the JSE Debt Listings Requirements, Noteholders are advised of the
restatement contained in the AFS: IFRS 9 requires interest income earned on stage 3 assets to be calculated
on the asset’s gross amount less any expected credit loss. The corresponding amount should reduce the
impairment charges. During the year, the Company realised that the above has not been adjusted for and as
such, the Company has restated the financials going back to 1 January 2019 and 31 December 2019. This
restatement had no impact on Profit before taxation, Total comprehensive income or Retained income, as
previously reported. The restatement is detailed in note 23, ‘Correction of prior period error’ set out on page 49
of the AFS.


Johannesburg
30 April 2021


Debt Sponsor
Merchantec Capital

Transactional Debt Sponsor
Standard Bank, acting through its Corporate and Investment Banking division

Date: 30-04-2021 01:02:00
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