MW Asset Rentals

MW Asset Rentals (RF) Limited (“MWAR”) is a ring-fenced equipment rentals securitisation vehicle, originated and serviced by Merchant West Proprietary Limited. Under The R2.5 bn Lease Receivables Backed Note Programme, MWAR issues Class A Notes, listed on the Interest Rate Market of the Johannesburg Stock Exchange. The Notes are currently rated AAA(za)(sf) by Global Credit Ratings Co. Proprietary Limited. Please refer to the Programme documents for more details.

Disclosure Documents

Applicable Pricing Supplement MWAR20

Applicable Pricing Supplement MWAR19

Applicable Pricing Supplement MWAR18

Applicable Pricing Supplement MWAR17

Applicable Pricing Supplement MWAR16

Applicable Pricing Supplement MWAR15

Applicable Pricing Supplement MWAR14

Applicable Pricing Supplement MWAR13

Applicable Pricing Supplement MWAR12

Applicable Pricing Supplement MWAR11

Applicable Pricing Supplement MWAR10

Applicable Pricing Supplement MWAR09

Applicable Pricing Supplement MWAR08

Applicable Pricing Supplement MWAR07

Applicable Pricing Supplement MWAR06

Applicable Pricing Supplement MWAR05

Applicable Pricing Supplement MWAR04

Applicable Pricing Supplement MWAR03

Applicable Pricing Supplement MWAR02

Applicable Pricing Supplement MWAR01

Annexure A: Amended and Restated Programme Memorandum - Marked Up

Annexure A: Amended and Restated Programme Memorandum

Second Supplement to the Programme Memorandum

Programme Memorandum

First Supplement to the Programme Memorandum

Financial Statements

Financial Statement 2025

Financial Statement 2024

Financial Statement 2023

Financial Statement 2022

Financial Statement 2021

Financial Statement 2020

Financial Statement 2019

Financial Statement 2018

Financial Statement 2017

Financial Statement 2016

Financial Statement 2015

Financial Statement 2014

Financial Reports

Investor Report 31 January 2026 Investor Reports

Investor Report 31 October 2025 Investor Reports

Investor Report 31 July 2025 Investor Reports

Investor Report 30 April 2025 Investor Reports

Investor Report 31 January 2025 Investor Reports

Investor Report 31 January 2024 Investor Reports

Investor Report 30 April 2024 Investor Reports

Investor Report 31 July 2024 Investor Reports

Investor Report 31 October 2024 Investor Reports

Investor Report 31 October 2023 Investor Reports

Investor Report 31 July 2023 Investor Reports

Investor Report 30 April 2023 Investor Reports

Investor Report 31 January 2023 Investor Reports

Investor Report 31 October 2022 Investor Reports

Investor Report 31 July 2022 Investor Reports

Investor Report 30 April 2022 Investor Reports

Investor Report 31 January 2022 Investor Reports

Investor Report 31 October 2021 Investor Reports

Investor Report 31 July 2021 Investor Reports

Investor Report 30 April 2021 Investor Reports

Investor Report 31 January 2021 Investor Reports

Investor Report 31 October 2020 Investor Reports

Investor Report 31 July 2020 Investor Reports

Investor Report 30 April 2020 Investor Reports

Investor Report 31 January 2020 Investor Reports

Credit Ratings

Credit Rating Report December 2025

Credit Rating Report June 2025

Credit Rating – 22 November 2024 Credit Rating Report

Global Credit Rating – 22 February 2024 Credit Ratings

Global Credit Rating – 24 November 2023 Credit Ratings

Global Credit Rating – 22 November 2022 Credit Ratings

Global Credit Rating – 13 June 2022 Credit Ratings

Global Credit Rating – 22 November 2021 Credit Ratings

Global Credit Rating – 22 February 2021 Credit Ratings

Global Credit Rating – 23 September 2020 Credit Ratings

Global Credit Rating – 23 September 2020 Credit Ratings

Global Credit Rating Credit Ratings

SENS Announcements

Sens - Investor Report 31 January 2026

Sens - 17 Mar 2026 Sens Announcements

Notice to Class A Noteholders Relating to Amendments to the Programme Memorandum

Sens – 18 Feb 2026 Sens Announcements

Interest Payment notifications.

SENS - Investor Report 31 October 2025

Interest Payment notifications.

SENS - 18 November Sens Announcements

Interest Payment notifications.

SENS - 18 November Sens Announcements

Listing of New Financial Instruments

SENS - 4 September Sens Announcements

Refinancing Notice : MWAR09 and MWAR16

Sens – 19 Aug 2025 Sens Announcements

Interest Payment notifications.

SENS - 7 August 2025 SENS Announcements

CHANGES TO THE BOARD

SENS – 28 July 2025 SENS Announcements

Availability of Annual Financial Statements

Sens – 21 May 2025 Sens Announcements

Listing of New Financial Instrument

Sens – 19 May 2025 Sens Announcements

Interest Payment notifications.

SENS – 28 February 2025 Sens Announcements

Refinancing Notice : MWAR08

SENS – 17 February 2025 Sens Announcements

Interest Payment notifications

SENS - 19 November 2024 Sens Announcements

List of New Financial Instruments

SENS - 19 November 2024 Sens Announcements

Interest Payment notifications

SENS - 21 August 2024 SENS Announcements

Refinancing Notice : MWAR07, MWAR12 and MWAR15

SENS - 19 August 2024 SENS Announcements

Interest Payment Notifications

SENS – 31 July 2024 SENS Announcements

Availability of Annual Financial Statements

SENS – 17 May 2024 SENS Announcements

Interest Payment notifications.

SENS – 21 February 2024 SENS Announcements

List of New Financial Instruments

SENS – 19 February 2024 SENS Announcements

Interest Payment and Capital redemption notifications

SENS – 11 January 2024 SENS Announcements

REFINANCING NOTICE : MWAR06

SENS – 21 November 2023 SENS Announcements

LISTINGS OF NEW FINANCIAL INSTRUMENTS

SENS – 17 November 2023 SENS Announcements

INTEREST PAYMENT AND CAPITAL REDEMPTION NOTIFICATIONS

SENS - 1 September 2023 SENS Announcements

CHANGES TO THE BOARD

SENS – 24 August 2023 SENS Announcements

REFINANCING NOTICE : MWAR05 and MWAR10

SENS – 18 November 2022 SENS Announcements

LISTING OF NEW FINANCIAL INSTRUMENTS

SENS – 12 August 2022 SENS Announcements

REFINANCING NOTICE

SENS – 04 May 2022 SENS Announcements

VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT OF NOTEHOLDERS

SENS – 30 Sep 2020 SENS Announcements

NOTICE OF AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS

SENS – 24 July 2020 SENS Announcements

EXTENSION OF FINANCIAL REPORTING PERIOD

SENS – 21 Oct 2019 SENS Announcements

REFINANCING NOTICE

SENS – 30 May 2019 SENS Announcements

NOTIFICATION OF CHANGE IN AUDIT FIRM

SENS – 21 Nov 2018 SENS Announcements

SENS – 28 Mar 2018 SENS Announcements

Corporate Governance

MWAR King IV

MWAR Directors

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