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MERCEDES-BENZ SOUTH AFRICA LIMITED - MEC- General Operations Update

Release Date: 23/03/2020 17:26
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MEC- General Operations Update

 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”) (“The Guarantor” or “Daimler AG”)

Mercedes-Benz General Operations Update: Mercedes-Benz Limited takes further measures
in response to the COVID-19 pandemic

East London, South Africa - Due to the worsening situation of the COVID-19 pandemic,
Mercedes-Benz South Africa Limited (MBSA) has decided to begin gradually reducing
manufacturing operations with a view to suspend production at its East London
manufacturing plant, as well as in selected administrative departments, on 9 April 2020 for a
period of five weeks. Connected to this is an assessment of global supply chains, which
currently cannot be maintained to their full extent.
An extension of this measure will depend on further developments.

Stakeholders can be assured that measures are in place to detect, manage and contain any
cases of SARS-COV-2 related to our manufacturing operations. In the interim, wherever
operations need to be continued, Mercedes-Benz will take appropriate precautions to
protect the health and safety of its employees and inhibit the contagion of SARS-COV-2, the
disease that causes COVID-19, amongst its employees. In order to do so, MBSA is adhering
to the directives of the World Health Organization (WHO), National Institute for
Communicable Diseases (NICD) and the Department of Health for recommendations and
guidelines on how to combat COVID-19.

With this suspension, Mercedes-Benz is helping to protect its workforce, to interrupt chains
of infection and to contain the spread of the pandemic. At the same time, this will help the
company to prepare for a period of temporary lower demand and to protect its financial
strength.
Management is constantly monitoring the situation and will take further measures as
required. Full operations will be resumed when the situation improves and will be
communicated accordingly.

23 March 2020
Debt Sponsor: The Standard Bank of South Africa Limited

Date: 23-03-2020 05:26:00
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