MERCEDES-BENZ SA (PTY) LTD - Amendment to credit ratings

Amendment to credit ratings

Mercedes-Benz South Africa (Proprietary) Limited


Amendment to credit ratings

On 16 January 2013, Fitch Ratings (“Fitch”) announced that it
had revised the senior unsecured rating of Mercedes-Benz South
Africa Proprietary Limited to AA +(zaf).

Fitch stated that “The rating revisions follows the downgrade
of South Africa’s Long-term local currency Issuer Default
Rating (IDR) to ‘BBB+’ from ‘A’”, the consequence of which has
resulted in Fitch’s recalibration of the South African
National scale mapping table.

18 January 2013

Debt Sponsor

Deutsche Bank AG, Johannesburg Branch

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