MERCEDES-BENZ SOUTH AFRICA LIMITED - MEC-Amendment to the Programme Memorandum

MEC-Amendment to the Programme Memorandum

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”)



AMENDMENTS TO THE PROGRAMME MEMORANDUM

Noteholders are hereby advised that the Issuer has amended and restated the ZAR35,000,000,000.00
Domestic Medium Term Note Programme Memorandum (“the Programme”) which was established
on 30 June 2008, which was amended by a supplement dated 24 May 2011, and updated by a
programme memorandum dated 8 August 2013, further updated by a programme memorandum
dated 21 December 2015 and further amended and restated on 21 December 2018, which was
amended by a supplement dated 30 July 2019.

Mercedes-Benz hereby advises Noteholders that it has amended and restated the Programme on
the basis set out in the amended and restated programme memorandum dated 24 June 2021 (“the
Amended Programme Memorandum”).

The amendments which have been provided for in the Amended Programme Memorandum have
been summarised as follows:

a)    The Amended Programme Memorandum has been updated to comply with all of the applicable
      provisions of the amended JSE Debt Listings Requirements (effective 30 September 2020).
      These updates include:

          •   the inclusion of the Information Statement;

          •   the appointment of a Debt Officer;

          •   the inclusion of the policy dealing with the process for nomination and appointment
              of directors;

          •   the inclusion of the policy dealing with conflicts of interest;

          •   the inclusion of the policy dealing with evaluation of performance of the board of
              directors;

          •   the inclusion of directors’ information and interests;

          •   amendments to the risk factors relating to the Issuer and the Guarantor reflecting the
              updated risk factors pertaining to each; and

          •   amendments to the description of Daimler AG in line with the latest information
              provided by the Guarantor.

The Amended Programme Memorandum was approved by the JSE on 2 July 2021 and is available for
viewing on the following website link:

https://corporate.mercedes-benz.co.za/investor-relations/information
Centurion

6 July 2021

Debt Sponsor: The Standard Bank of South Africa Limited

debtsponsor@standardbank.co.za

Date: 06-07-2021 04:58:00
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