SUPERDRIVE INVESTMENTS (RF) LIMITED - SuperDrive Quarterly Investor Report

SuperDrive Quarterly Investor Report

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

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


SUPERDRIVE QUARTERLY INVESTOR REPORT


Noteholders are hereby advised that the SuperDrive quarterly investor report (“the Report”) for the period
ended 31 July 2020 (“the Period”) is available for download from the following website:
https://www.bmw.co.za/en/topics/offers-and-services/bmw-financial-services/investor-relations.html.

As a consequence of the nationwide lockdown in response to the global COVID-19 pandemic, during the
Period, SuperDrive granted certain qualifying customers a moratorium on interest and capital repayments
as per the normal business processes and credit granting criteria of the Issuer. Some of these participating
assets, by nature of the moratorium and the related term extension, were in breach of the 72-month term
eligibility criteria covenant and accordingly, were subject to a repurchase. Due to the redemption of the
Class A11 Notes on 21 August 2020 and the subsequent reduction of the pool of assets, these assets
were not replaced. The total value and number of participating assets in breach of the term covenant which
were repurchased are set out on page 5 of the Report.

Additionally, the value and number of additional restructured participating assets under the moratorium
with an ongoing active status and which remain within the covenants and therefore still form part of the
overall pool of assets, are also set out on page 5 of the Report.

Save as set out above, no additional underlying assets were subject to a demand to repurchase or replace
due to a breach of the representations and warranties.


Johannesburg
24 August 2020

Debt Sponsor
Merchantec Capital

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

Date: 24-08-2020 08:00:00
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