MERCEDES-BENZ SOUTH AFRICA LIMITED - MBSA-Updated Issuer Supplement

MBSA-Updated Issuer Supplement

Mercedes-Benz South Africa Limited (Incorporated in the Republic of South Africa)

(Registration No. 1962/000271/06)

Bond Issuer code: MEC

(“Mercedes-Benz” or “the Issuer”)



SUPPLEMENT TO THE PROGRAMME MEMORANDUM

Noteholders are hereby advised that the Issuer supplemented its programme memorandum dated
19 December 2018 (the “Programme Memorandum”) under its ZAR35,000,000,000.00 Domestic
Medium Term Note Programme (the “Programme”) in terms of a supplement to the Programme
Memorandum, dated 30 July 2019 (the “Supplement”). The Programme was established on 30 June
2008, supplemented on 24 May 2011, further updated by an amended and restated programme
memorandum dated 8 August 2013, 21 December 2015 and 19 December 2018.

The Issuer decided to conduct a restructuring programme, pursuant to which, on 1 January 2019, the
Issuer entered into an Asset-for-Share transaction with Daimler Trucks and Buses Southern Africa (Pty)
Ltd whereby the Trucks and Buses business of the Issuer was disposed of in exchange for 100%
shareholding in Daimler Trucks and Buses Southern Africa. The general distribution agreements that
were previously held by the Issuer, were transferred to Daimler Trucks and Buses Southern Africa
when Daimler Trucks and Buses Southern Africa started trading on 1 January 2019.

As a result, the Issuer’s business description has been updated pursuant to the Supplement in order
to align it with the above, amongst other minor amendments. The Supplement is available for viewing
at the following website link:

https://www.mercedes-benzsa.co.za/searchresults?s=programme+memorandum

Centurion

3 September 2019

Debt Sponsor: The Standard Bank of South Africa Limited

debtsponsor@standardbank.co.za

Date: 03/09/2019 02:38:00
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