SUPERDRIVE INVESTMENTS (RF) LIMITED - SuperDrive - Availability of Annual Financial Statements for the year ended 31 December 2025

SuperDrive - Availability of Annual Financial Statements for the year ended 31 December 2025

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

Instrument Code: SPDA15           ISIN Code: ZAG000178666
Instrument Code: SPDA17           ISIN Code: ZAG000188772
Instrument Code: SPDA18           ISIN Code: ZAG000206764
Instrument Code: SPDA19           ISIN Code: ZAG000206749


AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025


Noteholders are hereby advised that the audited annual financial statements of SuperDrive for the year ended
31 December 2025 ("AFS"), including the unqualified audit report of PricewaterhouseCoopers Inc., the Issuer's
registered auditors, are available on the Issuer's website at:
https://www.bmw.co.za/en/topics/offers-and-services/bmw-financial-services/investor-relations.html

Furthermore, the Noteholders are advised of a classification error that was identified in previously published
financial information for the year ended 31 December 2024. The classification related to the subordinated loans
and debt securities in which the aforementioned, other than for accrued interest, were incorrectly presented as
current liabilities instead of non-current liability.

This misclassification arose as a result of the prior year presentation being based on expected maturity dates
rather than the contractual legal maturity dates of the relevant financial instruments as required in terms of IAS
1: Presentation of Financial Statements. Upon reassessment, management determined that the contractual
legal maturity dates of these instruments extend beyond twelve months from the reporting date and that the
affected balances should therefore be classified as non-current liabilities. Secondly, the presentation in the
Statement of Financial Position of financial statement line items under current and non-current assets and
liabilities, have been re-ordered based on their relative order of liquidity, to enhance disclosure.

In addition, the Company determined that a change in accounting policy occurred in the presentation of cash
flows used in investing activities in the statement of cash flows for the year ended 31 December 2024. The
acquisition of income-earning assets, settlements of income-earning assets, and the reacquisition of income-
earning assets were incorrectly presented as investing activities instead of operating activities. Classification
as operating activities aligns more closely to the operating objective of the entity to earn interest margin from
lending activities. None of the above restatements affected the Company's total liabilities, equity, profit or loss,
total cash flows, or any amounts payable to Noteholders.

The AFS are also available for inspection through a secure electronic manner at the election of the person
requesting inspection.


Johannesburg
30 April 2026

Debt Sponsor
Merchantec Capital

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

Date: 30-04-2026 10:50:00
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