BITOY - Notification of a change to the credit rating of the Programme Toyota Financial Services (South Africa) Limited (Incorporated in the Republic of South Africa) (Registration No. 1982/010082/06) Company code: BITOY (the “Issuer”) NOTIFICATION OF A CHANGE TO THE CREDIT RATING OF THE PROGRAMME Noteholders are advised that Moody’s Japan K.K has downgraded the global scale rating of the Issuer’s Domestic Medium Term Note Programme (“Programme”) from (P)A2 to (P)A3; with the outlook remaining as negative. This rating action follows Moody's Investors Service downgrade of the Government of South Africa's issuer and senior unsecured ratings to Ba2 from Ba1 on 20 November 2020. 25 November 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25-11-2020 02:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.