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06-Dec-2017
(Official Notice)
Shareholders are advised that the annual compliance report in terms of Section 13G(2) of the Broad- Based Black Economic Empowerment Amendment Act No. 46 of 2013, is available on FirstRand?s website. Previously, the group?s BEE reporting period was based on the calendar year, however, FirstRand has now aligned its BEE reporting period with its financial year (1 July to 30 June).
01-Dec-2017
(Official Notice)
At the 21st (twenty first) annual general meeting (?AGM?) of the shareholders of FirstRand held on Thursday, 30 November 2017 all the ordinary and

special resolutions proposed at the meeting were approved by the requisite majority of votes.



Shareholders are further advised that Benedict James van der Ross and Jan Hendrik van Greuning retired from the boards of directors (the boards) of FirstRand and FirstRand Bank Ltd. at the conclusion of each company's AGM.
30-Nov-2017
(Official Notice)
On 28 November 2017, Moody?s Investors Services (Moody?s) placed on review for downgrade the Baa3 long-term local and foreign currency deposit ratings of five large banks in South Africa, including FirstRand Bank Ltd.



On 29 November 2017, S-P Global Ratings' (S-P) downgraded eight financial institutions in South Africa, including FirstRand Ltd. and FirstRand Bank Ltd.



These actions follow similar action taken on the South Africa sovereign rating. Both agencies do not rate financial institutions in South Africa above the sovereign.

30-Nov-2017
(Official Notice)
FirstRand announced that Lauritz Lanser Dippenaar will retire as board chairman and non-executive director with effect from 31 March 2018 and William Rodger (Roger) Jardine will be appointed independent non- executive chairman of the board with effect from 1 April 2018. Mr Jardine will resign from his current position as Chief Executive Officer of Primedia Holdings (Pty) Ltd. and Primedia (Pty) Ltd., effective 31 March 2018.



The group is fortunate to have someone of Mr Jardine?s experience and calibre on its board and believes that following 13 years of service as a non-executive on various FirstRand Bank and FirstRand Ltd. boards and committees, he has the necessary business insight and leadership skills to chair the board going forward, and his tenure ensures a seamless succession process. Prior to joining the FirstRand Ltd. board in 2010, Mr Jardine served on the FirstRand Bank board for six years. He was appointed chairman of the Directors Affairs and Governance Committee in 2007 and has been a member of the Large Exposures Committee since 2004.



The group previously indicated that retired chief executive, Sizwe Nxasana, would return to the group as non-executive deputy chairman during 2017 to succeed Mr Dippenaar as chairman in 2018. Mr Nxasana?s various civil society and investment activities have, however, placed extensive demands on his time and he has confirmed to FirstRand that he cannot commit to the role of non-executive chairman. The group respects this decision and acknowledges the important contribution Mr Nxasana is making to the South African education sector.
28-Nov-2017
(Official Notice)
In accordance with Pillar 3 of the Basel Accord, Regulation 43(1)(e) of the Regulations relating to Banks requires the group to disclose quarterly information on its capital adequacy, leverage and liquidity ratios. The figures have not been reviewed or reported on by the group?s external auditors.

16-Nov-2017
(Official Notice)
Noteholders are referred to the announcement released on SENS by Taste Holdings Ltd. (?the reference entity?) regarding the terms of the intended debt reduction and capital raising, withdrawal of cautionary announcement and notice of general meeting on 16 November 2017.



Noteholders are advised to refer to clause 2 of the announcement headed ?The Debt Reduction and Capital Raise?.

15-Nov-2017
(Official Notice)
06-Nov-2017
(Official Notice)
16-Oct-2017
(Official Notice)
On 13 October 2017, FirstRand announced a possible offer for Aldermore Group PLC (?Aldermore?). In this announcement it was stated that the making of any firm offer would be subject to the completion of satisfactory due diligence and the unanimous recommendation of the Board of Aldermore. In accordance with Rule 2.5(c) of the UK Takeover Code, FirstRand confirms that it will not waive the condition pertaining to the completion of satisfactory due diligence, but can elect to waive the condition pertaining to unanimous board recommendation.
13-Oct-2017
(Official Notice)
The Board of FirstRand noted the statement made by Aldermore Group PLC (?Aldermore?) and confirmed that it has made an approach to acquire the entire issued and to be issued share capital of Aldermore.



FirstRand has been assessing opportunities to build a sustainable long-term deposit franchise to fund its strategy to grow and diversify the revenues of its current UK business. The possible acquisition of Aldermore, with its unique operating model, market positioning and strength in deposit taking, would provide the ideal platform for FirstRand to fulfil this strategy on an accelerated basis.



The making of any firm offer would be subject to the satisfaction of a number of pre-conditions including, but not limited to, due diligence to the satisfaction of FirstRand, and the unanimous recommendation of the Board of Aldermore. There can be no certainty that any firm offer will be made.



In accordance with Rule 2.6(a) of the UK Takeover Code, FirstRand is required, by no later than 5.00 p.m. on 10 November 2017, being 28 days after today?s date, either to announce a firm intention to make an offer for Aldermore in accordance with Rule 2.7 of the UK Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the UK Takeover Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers (the ?Panel?) in accordance with Rule 2.6(c) of the UK Takeover Code.



A further announcement will be made if appropriate.
03-Oct-2017
(Official Notice)
Shareholders are advised that the annual integrated report incorporating the report of the directors, the audited financial statements for the year ended 30 June 2017, the audit committee report and the notice of the annual general meeting will be published on the FirstRand website, www.firstrand.co.za/InvestorCentre/Pages/annual-reports.aspx on 3 October 2017. The annual integrated report for the year ended 30 June 2017, together with the notice of annual general meeting will be distributed to shareholders on or about Wednesday, 25 October 2017. The documents contain no modifications to the audited results which were published on the Stock Exchange News Service of the JSE Ltd. on 7 September 2017.



Notice of AGM

Notice is hereby given that the twenty first annual general meeting (AGM) of FirstRand ordinary shareholders will be held at the Auditorium, FNB Conference and Learning Centre, 114 Grayston Drive, Sandton on Thursday, 30 November 2017, at 09:00 to transact the business as stated in the annual general meeting notice, which will be distributed together with the summarised financial statements for the year ended 30 June 2017.
11-Sep-2017
(Official Notice)
Shareholders were advised that the following directors will be retiring at the conclusion of the annual general meeting to be held on 30 November 2017:

1. Mr BJ van der Ross, as an independent non-executive director; and

2. Dr JH van Greuning, as an independent non-executive director.



Shareholders are further advised of the following membership changes to certain board committees:

1. Mr GG Gelink will step down as chairman of the IT risk and governance committee, to be succeeded by Mr L Crouse, with immediate effect. Mr Gelink will continue as a member on the committee.

2. Mr WR Jardine has been appointed as a member of the FirstRand remuneration committee with effect from 1 December 2017.

3. Mr GG Gelink has been appointed as a member of the FirstRand remuneration committee with effect from 1 December 2017.
07-Sep-2017
(C)
Net interest income before impairment of advances increased by 7% to R44.917 billion (2016: R42.041 billion), income from operations rose by 8% to R77.785 billion (2016: R71.816 billion), profit attributable to ordinary equityholders climbed by 9% to R24.572 billion (2016: R22.563 billion), while headline earnings per share grew by 6% to 423.7 cents per share (2016: 399.2 cents per share).



Dividend

The directors declared a gross cash dividend of 136.0 cents per ordinary share, totalling 255.0 cents per ordinary share out of income reserves for the year ended 30 June 2017.



Company prospects

South Africa's growth prospects remain weak and uncertain. Persistent political and policy uncertainty, ongoing governance issues at SOEs and further erosion of confidence in institutional strength and independence all continue to weigh on confidence, which in turn constrains private sector investment, places pressure on employment and ultimately undermines GDP growth. Such a macroeconomic environment will be characterised by low domestic demand growth (consumption, investment and government spending), downward pressure on personal incomes and further rating agency downgrades. Many of these pressures will create headwinds for topline growth in the group's domestic franchises. Sub-Saharan growth rates are, however, expected to show a recovery over the next twelve months, which should be supportive of the rest of Africa portfolio.



FirstRand remains committed to its current investment cycle despite pressures on growth, as it believes its strategies to diversify its financial services offering and build the rest of Africa and UK franchises will deliver outperformance over the medium to long term. In addition, the group remains focused on driving efficiencies and managing core costs.



The group aims to deliver real growth in earnings and an ROE near the upper end of its stated target range of 18% to 22%.
27-Jul-2017
(Official Notice)
B preference shareholders are advised that the salient dates for the twenty sixth dividend declaration on the variable rate non-cumulative non-redeemable B preference shares in FirstRand (B preference shares) for the period from 28 February 2017 to 28 August 2017, both days inclusive, in the gross amount of 393.58480 cents per B preference share, will be as follows.



*Last day to trade B preference shares cum-dividend - Tuesday, 22 August 2017

*B preference shares commence trading ex-dividend from the commencement of business on Wednesday, 23 August 2017

*Record date - Friday, 25 August 2017

*Payment date of the B preference share dividend - Monday, 28 August 2017



B preference share certificates may not be dematerialised or re-materialised between Wednesday, 23 August 2017 and Friday, 25 August 2017, both days inclusive.



In the event, there is a change to the prime rate between the B preference share dividend declaration date (dividend declaration date) and the B preference share dividend payment date (dividend payment date), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



Dividend tax amounting to 78.71696 cents per B preference share will be deducted from this preference dividend for all B preference shareholders who are subject to dividend withholding tax of 20%. The net dividend will, therefore, be 314.86784 cents per B preference share.



The B preference dividend is declared out of income reserves.



The issued share capital at the declaration date is 5 609 488 001 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
14-Jun-2017
(Official Notice)
Shareholders are advised of the following membership changes to certain board committees:

- Mr Grant Gelink has been appointed as the chairman of the audit committee, with effect from 1 September 2017;

- Dr Hennie van Greuning will step down as chairman of the audit committee, with effect from 1 September 2017, but will remain a member of the committee until 1 December 2017; and

- Mr Francois Knoetze and Mr Paballo Makosholo have been appointed as members of the social, ethics and transformation monitoring committee with effect from 25 May 2017.

14-Jun-2017
(Official Notice)
Shareholders are referred to the announcement released by RMB Holdings Ltd. ("RMH") on the Stock Exchange News Service, simultaneously with this announcement. In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act") and paragraph 3.83(b) of the JSE Ltd. Listings Requirements, shareholders are advised as follows:



Prior to implementation of its internal group restructure, RMH held a direct 34.06% interest in FSR. Following the restructure, RMH?s 34.06% interest in FSR is now held indirectly through its asset holding entity, RMH Asset Holding Company (Pty) Ltd. (a wholly-owned subsidiary of RMH). As required in terms of section 122(3)(a) of the Act, FSR has filed the required notice with the Takeover Regulation Panel.
13-Apr-2017
(Official Notice)
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

The FirstRand board is pleased to announce that Mr Hermanus Lambertus Bosman has been appointed as a non-executive director of FirstRand and its wholly-owned subsidiary, FirstRand Bank Limited (the boards).



The Office of the Registrar of Banks has today, 13 April 2017, confirmed that they have no objection to the appointment of Mr Bosman to the boards, with effect from 3 April 2017. Furthermore, Mr Peter Cooper will resign as an alternate non-executive director from the boards with effect from 30 April 2017.
06-Apr-2017
(Official Notice)
Following S-P Global Ratings' (S-P or the agency) rating action on the South African sovereign on Monday, 3 April 2017, the agency yesterday downgraded a number of South Africa's largest banks as the banks' ratings are constrained by the sovereign rating. As a result, the ratings on both FirstRand and FirstRand Bank Ltd. were lowered.



Summary of rating actions:

S-P lowered the long- and short-term counterparty credit ratings on FirstRand Bank Limited to BB+/B from BBB-/A-3. The outlook remains negative. At the same time, the long-term South African national scale rating on FirstRand Bank Ltd. was lowered to zaA from zaAA-, and the short-term national scale rating affirmed at zaA-1.



FirstRand's long-term counterparty credit rating was lowered to BB- from BB+. The short-term counterparty credit rating was affirmed at B. The long- and short-term national scale ratings on FirstRand Limited were lowered to zaBB+/zaB from zaA/zaA-2. FRB's standalone credit rating has remained unchanged at bbb.
09-Mar-2017
(C)
Net interest income before impairment of advances increased by 11% to R22.200 billion (2015: R20.020 billion), profit for the period attributable to ordinary equityholders was 13% higher at R11.889 billion (2015: R10.480 billion), while headline earnings per share grew by 14% to 211.5 cents per share (2015: 185.4 cents per share).



Dividend

The directors declared a gross cash dividend totalling 119 cents per ordinary share out of income reserves for the six months ended 31 December 2016.



Prospects

Looking ahead the group expects economic growth to pick up slightly in calendar year 2017, although this is unlikely to provide significant support to topline growth for some time. In addition, global and domestic political risks continue to pose downside risk to this expectation.



FirstRand is committed to its current investment cycle despite ongoing topline pressures, as it believes its growth strategies both in broadening its financial services offerings and building its rest of Africa franchise will deliver outperformance over the medium to long term. The group aims to deliver real growth in earnings and an ROE of between 18% and 22%.
24-Feb-2017
(Official Notice)
In terms of the 2017 Budget Speech delivered by Minister Gordhan on 22 February 2017, the rate of Dividends Withholding Tax (DWT) has increased from 15% to 20% for all local dividends paid on or after 22 February 2017.



The announced increase has impacted the declared B Preference dividend announced on SENS on 2 February 2017 of R395.60318 cents per variable rate non-cumulative, non- redeemable FirstRand B preference share.



B preference shareholders who are subject to dividends withholding tax will be impacted as follows:

Dividends tax will amount to 79.12064 cents per B preference share (R35 604 286.20 in total) will be deducted from this preference dividend for all B preference shareholders subject to the 20% dividends withholding tax. The net dividend for the B preference shareholders will therefore be 316.48254 cents per B preference share.





02-Feb-2017
(Official Notice)
Shareholders are advised that the salient dates for the twenty-fifth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand (B preference shares) for the period from 30 August 2016 to 27 February 2017, both days inclusive, in the gross amount of 395.60318 cents per B preference share, will be as follows:

* Last day to trade cum the B preference share dividend : Tuesday, 21 February 2017

* Shares commence trading ex the B preference share dividend from the commencement of business on : Wednesday, 22 February 2017

* Record date : Friday, 24 February 2017

* Payment date of the B preference share dividend : Monday, 27 February 2017



B preference share certificates may not be dematerialised or rematerialised between Wednesday, 22 February 2017 and Friday, 24 February 2017, both days inclusive. The B preference share dividend is based on the ruling prime rate at date of declaration and as such any changes in prime rate from declaration date to payment date cannot be considered. Dividends tax amounting to 59.34048 cents per B preference share, the total being R26 703 214.65 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax of 15%. The net dividend will therefore be 336.26270 cents per B preference share. The issued share capital at the declaration date is 5 609 488 001 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
19-Jan-2017
(Official Notice)
The FirstRand board announced that Ms Thandie Sylvia Mashego has been appointed as a non-executive director of FirstRand and its wholly-owned subsidiary, FirstRand Bank (?the boards?).



The Office of the Registrar of Banks has today, 19 January 2017, confirmed that they have no objection to the appointment of Ms Mashego to the boards, with effect from 1 January 2017.
01-Dec-2016
(Official Notice)
Ordinary shareholders are advised that, at the 20th (twentieth) annual general meeting (AGM) of FirstRand held at 9am on Tuesday, 29 November 2016, all of the resolutions set out in the notice of the AGM dated 7 September 2016 were passed, without modification, by the requisite majority of votes.



Shareholders are further advised that Viv Bartlett and Deepak Premnarayen retired from the boards of directors of FirstRand and FirstRand Bank Ltd. (the Boards) at the conclusion of each company's AGM, being 29 November 2016.
27-Oct-2016
(Official Notice)
FirstRand Bank Ltd. (FRB) is a wholly-owned subsidiary of FirstRand Ltd. (FSR or the group). The group released its annual report on 4 October 2016.



Investors are advised that FRB?s annual report for the year ended 30 June 2016 is now available on its website at www.firstrand.co.za. The annual report is also available for inspection at FRB?s registered office.

04-Oct-2016
(Official Notice)
Shareholders are advised that the annual integrated report incorporating the report of the directors, the audited financial statements for the year ended 30 June 2016, the audit committee report, the notice of the annual general meeting and the proposed new Memorandum of Incorporation will be published on the FirstRand website, www.firstrand.co.za/InvestorCentre/Pages/annual-reports.aspx today, 4 October 2016. The summarised financial statements for the year ended 30 June 2016, together with the notice of annual general meeting will be distributed to shareholders on or about Monday, 24 October 2016. The documents contain no modifications to the audited results which were published on the Stock Exchange News Service of the JSE Limited on 8 September 2016.



Notice of AGM

Notice is hereby given that the twentieth annual general meeting of FirstRand ordinary shareholders will be held at the Auditorium, FNB Conference and Learning Centre, 114 Grayston Drive, Sandton on Tuesday, 29 November 2016 at 09:00 to transact the business as stated in the annual general meeting notice which will be distributed together with the summarised financial statements for the year ended 30 June 2016.



Salient dates

*Record date in order to be eligible to receive the notice of AGM Friday, 14 October 2016

*Posting date Monday, 24 October 2016

*Last day to trade in order to be eligible to attend and vote at the AGM Tuesday, 15 November 2016

*Record date in order to be eligible to attend and vote at the AGM Friday, 18 November 2016

*Proxies due at 09:00 Friday, 25 November 2016

09-Sep-2016
(Media Comment)
According to Buisness Day FirstRand says it has R13.8 billion to spend on growth strategies including developing investment products for its domestic customers and acquiring banks in Nigeria and Kenya. FirstRand had set aside R7.5 billion to acquire predominantly corporate and commercial banks in Kenya and Nigeria. It was carefully analysing the banking market in Nigeria, and engaging with the regulator in Kenya, but had not yet found a suitable platform.
08-Sep-2016
(C)
01-Aug-2016
(Official Notice)
Shareholders are advised that the salient dates for the twenty- fourth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand (?B preference shares?) for the period from 1 March 2016 to 29 August 2016, both days inclusive, in the gross amount of 394.72338 cents per B preference share, will be as follows:



Last day to trade - Tuesday, 23 August 2016

Shares commence trading ex B preference share dividend from commencement of business on Wednesday, 24 August 2016

Record date - Friday, 26 August 2016

Payment date of B preference share dividend - Monday,29 August 2016



B preference share certificates may not be dematerialised or rematerialised between Wednesday, 24 August 2016 and Friday, 26 August 2016, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date (?the dividend declaration date?) and the B preference share dividend payment date (?the dividend payment date?), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



Dividends tax amounting to 59.20851 cents per B preference share, the total being R26 643 828.15 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax. The net dividend will therefore be 335.51487 cents per B preference share.



The issued share capital at the declaration date is 5 609 488 001 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
12-May-2016
(Official Notice)
Note holders are referred to the announcement issued by Moody?s Investor Services (Moody?s) on 10 May 2016, in which the agency repositioned the national scale ratings (NSR) of nine banks and other financial institutions issuers in South Africa, in conjunction with the recalibration of the South African NSR. This rating action also concludes the review initiated on the NSRs of the five largest South African banks on 10 March 2016.



The rating agency repositioned FRB?s national-scale deposit and senior debt ratings to Aaa.za from A1.za. Note holders are referred to Moody?s press release for any further information.
25-Apr-2016
(Official Notice)
The board announced that Mr Francois Knoetze has been appointed as a non-executive director of FirstRand and its wholly-owned subsidiary, FirstRand Bank with effect from 1 April 2016. The Office of the Registrar of Banks has granted consent which was received on 25 April 2016.
08-Mar-2016
(Official Notice)
FRB is a wholly-owned subsidiary of FirstRand Ltd. (FSR or the group). The group released its unaudited interim financial results on 8 March 2016.



Bondholders are advised that FRB?s unaudited condensed financial results for the six months ended 31 December 2015 are now available on the group?s website (www.firstrand.co.za/investorcentre/pages/interim-results.aspx). The interim financial results are also available for inspection at FRB?s registered office.

08-Mar-2016
(C)
Income from operations for the interim period increased by 1% to R34.0 billion (2014: R33.6 billion) and net income from operations was recorded at R14.3 billion (2014: R14.2 billion). Profit attributable to ordinary equity holders was 2% higher at R10.5 billion (2014: R10.3 billion). Furthermore, headline earnings per share rose by 3% to 185.4 cents per share (2014: 180.5 cents per share).



Dividends

Ordinary shares

The directors declared a gross cash dividend totalling 108.0 cents per ordinary share out of income reserves for the six months ended 31 December 2015.



B Preference shares

Dividends on the B preference shares are calculated at a rate of 75.56% of the prime lending rate of FNB, a division of FirstRand Bank Ltd.



Prospects

The second half of the year will continue to be characterised by higher inflation and low GDP growth. The SARB may have to increase rates again before the end of 2016 and this will place further pressure on the South African consumer. Unemployment is trending upwards with retrenchments trending up across a number of industry sectors.



Advances growth is likely to decline, as further cuts are made given the deteriorating outlook, and corporate activity is unlikely to pick up significantly. Retail and corporate bad debts are likely to increase further in the second half. Transactional volumes are also expected to remain at similar levels which will put pressure on the topline.



The group's strong balance sheet and the resilience and diversity of its diverse income streams should allow FirstRand to continue to deliver sustainable and superior returns to shareholders.

25-Feb-2016
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements, the following information is disclosed:



Leon Crouse has resigned as a non-executive director from the boards of FirstRand and FirstRand Bank with effect from 31 March 2016.
03-Feb-2016
(Official Notice)
Shareholders are advised that the salient dates for the twenty-third dividend declaration on the variable rate non-cumulative, non- redeemable B preference shares in FirstRand (?B preference shares?) for the period from 1 September 2015 to 29 February 2016 both days inclusive, in the gross amount of 366.51776 cents per B preference share, will be as follows:

* Last day to trade : Friday, 19 February 2016

* Shares commence trading ex B preference share dividend from the commencement of business on Monday, 22 February 2016

* Record date : Friday, 26 February 2016

* Payment date of B preference share dividend : Monday, 29 February 2016



B preference share certificates may not be dematerialised or rematerialised between Monday, 22 February 2016 and Friday, 26 February 2016, both days inclusive. In the event that there is a change to the prime rate between the B preference share dividend declaration date (the dividend declaration date) and the B preference share dividend payment date (the dividend payment date), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



Dividends tax amounting to 54.97766 cents per B Preference share, the total being R24 739 948.80 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax. The net dividend will therefore be 311.54010 cents per B preference share.



The issued share capital at the declaration date is 5 609 488 001 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
02-Dec-2015
(Official Notice)
Ordinary shareholders are advised that, at the 19th (nineteenth) annual general meeting (AGM) of FirstRand held on Tuesday, 1 December 2015, all of the resolutions set out in the notice of the AGM dated 9 September 2015 were passed, without modification, by the requisite majority of votes.
24-Nov-2015
(Official Notice)
18-Nov-2015
(Official Notice)
In accordance with Pillar 3 of the Basel Accord, Regulation 43(1)(e) of the Regulations relating to Banks requires the group to disclose quantitative information on its capital adequacy and liquidity ratios. Leverage is a supplementary measure to risk- based capital requirements and directive 4 of 2014 requires quarterly disclosure of the leverage position.



Capital adequacy

The capital positions (excluding unappropriated profits) for the group and bank at 30 September 2015 are set out in the relevant SENS note.



Liquidity

The liquidity coverage ratio (LCR) is the first minimum standard for funding and liquidity under the Basel III regime. The objective of the LCR is to promote short-term resilience of a bank?s liquidity risk profile by ensuring it has sufficient high quality liquid assets (HQLA) to survive a significant stress scenario for one month. Regulation 26(12)(a)(vi) requires banks to continuously meet their liquidity needs by calculating the LCR from 1 January 2015 on both a solo and consolidated basis; and directives 6 and 11 of 2014 require quarterly disclosure of the LCR. The LCR compliance is on a phased in basis, beginning with a 60% minimum requirement from 1 January 2015 with 10% incremental increases each year to 100% on 1 January 2019. The requirement effective 1 January 2016 will be 70%.



The average liquidity coverage ratios for the group and bank for the quarter ended 30 September 2015 are set out in the relevant SENS note.



FRB successfully applied for a committed liquidity facility (CLF) from the SARB as provided for under guidance note 8 of 2014 and 5 of 2015. The CLF was recognised as qualifying collateral for LCR purposes within our HQLA as required by the SARB.



The group manages the HQLA portfolio of level 1 and level 2 assets, together with the CLF and considers volatility in funding flows as determined by internal risk appetite. As a result, the group targets a buffer in excess of the regulatory minimum.



The group has in place strategies to reach the end-state LCR requirements in a sustainable manner.
06-Oct-2015
(Official Notice)
FirstRand Bank Ltd. is a wholly-owned subsidiary of FirstRand. FirstRand Bank Ltd. advised noteholder that FirstRand?s annual report is now available on the group?s website (http://www.firstrand.co.za/InvestorCentre/Pages/annual-reports-frb.aspx).
06-Oct-2015
(Official Notice)
Shareholders are advised that the annual integrated report incorporating the report of the directors, the audited financial statements for the year ended 30 June 2015, the audit committee report and the notice of the annual general meeting will be published on the FirstRand website, www.firstrand.co.za/InvestorCentre/Pages/annual-reports.aspx today, 6 October 2015. The summarised financial statements for the year ended 30 June 2015, together with the notice of annual general meeting will be distributed to shareholders on or about Friday, 23 October 2015. The documents contain no modifications to the audited results which were published on the Stock Exchange News Service of the JSE Limited on 10 September 2015.



Notice of AGM

Notice is hereby given that the nineteenth annual general meeting of FirstRand shareholders will be held at the Auditorium, FNB Conference and Learning Centre, 114 Grayston Drive, Sandton on Tuesday, 1 December 2015 at 09:00 to transact the business as stated in the annual general meeting notice which will be distributed together with the summarised financial statements for the year ended 30 June 2015.



Salient dates 2015

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting on Friday, 16 October

*Posting date on or about Friday, 23 October

*Last day to trade in order to be eligible to attend and vote at the annual general meeting on Friday, 13 November

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting on Friday, 20 November

*Forms of proxy for the annual general meeting to be lodged by 9am on* Friday, 27 November
10-Sep-2015
(C)
Net income from operations for the year ended 30 June 2015 shot up by 15% to R29.2 billion (2014: R25.3 billion). Profit for the year attributable to equity holders of the group rose by 17% to R21.9 billion (2014: R18.7 billion), while headline earnings per share grew by 12% to 381.4cps (2014: 340.4cps).



Dividend

The directors declared a cash dividend 117 cents per ordinary share out of income reserves for the year ended 30 June 2015.



Prospects

The year to June 2016 is expected to display more negative characteristics than the year under review. GDP will remain below trend due to both demand weakness and supply side constraints, particularly with regards to power. If the US recovery emerges as expected, the SARB may have to increase rates which will place further pressure on the South African consumer. Unemployment is trending upwards with retrenchments already announced in the mining and construction sectors.



Economic headwinds continue to increase and growth in the system is expected to be subdued. High levels of indebtedness remain in certain consumer segments, which means advances growth will stay at current levels or decline and corporate activity is unlikely to pick up significantly. Regulatory changes will negatively impact the profitability of certain retail lending and transactional business lines. The group believes its franchises have the appropriate strategies in place to produce resilient operational performances against this difficult economic backdrop. The strength of its balance sheet and the resilience of its diverse income streams should allow FirstRand to continue to deliver sustainable and superior returns to shareholders.
10-Sep-2015
(Official Notice)
FRB is a wholly-owned subsidiary of FirstRand. The group released its audited financial results on 10 September 2015.



Bondholders are advised that FRB?s audited financial results for the year ended 30 June 2015 are available on the group?s website (http://www.firstrand.co.za/InvestorCentre/Pages/financial- results.aspx). The financial results are also available for inspection at FRB?s registered office.
04-Sep-2015
(Official Notice)
In compliance with the JSE Ltd. Listings Requirements and pursuant to the SENS announcement released on 6 March 2015, the following information is disclosed:

Sizwe Errol Nxasana will resign as chief executive officer and executive director of FirstRand and FirstRand Bank with effect from 30 September 2015. Johan Petrus Burger will be appointed as chief executive officer of FirstRand and FirstRand Bank in place of Sizwe Errol Nxasana with effect from 1 October 2015.



Alan Patrick Pullinger will be appointed deputy chief executive officer and executive director of FirstRand and FirstRand Bank with effect from 1 October 2015.



In addition to the above:

Paballo Joel Makosholo will be appointed as a non-executive director of FirstRand and FirstRand Bank with effect from 1 October 2015.



Kgotso Buni Schoeman will resign as a non-executive director of FirstRand and FirstRand Bank with effect from 30 September 2015.
28-Jul-2015
(Official Notice)
Shareholders are advised that the salient dates for the twenty-first dividend declaration on the variable rate non-cumulative, non- redeemable B preference shares in FirstRand (?B preference shares?) for the period from 24 February 2015 to 31 August 2015 both days inclusive, in the gross amount of 363.93010 cents per B preference share, will be as follows:

*Last day to trade: Friday, 14 August 2015

*Shares commence trading ex the B preference share dividend from the commencement of business on: Monday, 17 August 2015

*Record date: Friday, 21 August 2015

*Payment date of the B preference share dividend: Monday, 24 August 2015



B preference share certificates may not be dematerialised or rematerialised between Monday, 17 August 2015 and Friday, 21 August 2015, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date (the dividend declaration date) and the B preference share dividend payment date (the dividend payment date), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



Dividends tax amounting to 54.58952 cents per B Preference share, the total being R24 565 281.75 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax. The net dividend will therefore be 309.34058 cents per B Preference share.



The issued share capital at the declaration date is 5 609 488 001 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
02-Jul-2015
(Official Notice)
FirstRand announced that it has acquired the remaining minority stake in DirectAxis (Pty) Ltd. (DirectAxis). FirstRand already held a majority 65.48% share in DirectAxis which provides marketing, acquisition, administration and collections services on behalf of WesBank?s personal loans division.



Commenting on the transaction, Johan Burger, Deputy Chief Executive Officer of FirstRand commented that FirstRand had acquired the remainder of DirectAxis in order to more effectively leverage the benefits of the direct channel and that this would be key to generating growth in cross sell opportunities.



The unsecured lending portfolios which DirectAxis manages on behalf of WesBank and other external parties are largely comprised of lending to the middle consumer market (LSM 7-10). The portfolios have proven to be resilient in difficult credit environments.



FirstRand said that the financial details of the Transaction would be outlined in its year end results announcement, scheduled to be published on 10 September 2015.
22-Jun-2015
(Official Notice)
FirstRand announced that its asset finance business WesBank has formalised its long- standing relationship with the Hollard Insurance Company through the formation of a new holding company, which will also include the acquisition of two other entities, namely Motorite and SMART. WesBank will be the majority shareholder.



The objective of this initiative will be to offer the best value-added motor products in the market. Motorite offers a variety of vehicle warranty and maintenance products, while SMART specialises in body repair cover, and offers paint and dent protection policies. By combining resources it is envisaged that going forward WesBank will be in a very strong position to provide innovative and competitively priced solutions for customers, particularly given its unique presence at point of sale.



The holding company intends to make additional bolt-on acquisitions, should further opportunities present themselves in future. All of the above transactions are subject to regulatory approvals with further announcements to follow.
27-May-2015
(Official Notice)
In accordance with Pillar 3 of the Basel Accord, Regulation 43(1)(e) of the Regulations relating to Banks requires the group to disclose quantitative information on its capital adequacy and liquidity ratios. Leverage is a supplementary measure to risk- based capital requirements and Directive 4 of 2014 requires quarterly disclosure of the leverage position. The figures below have not been reviewed and reported on by the group?s external auditors. FRB reflects solo supervision, i.e. excludes foreign branches and subsidiaries.



Capital adequacy

The capital positions (excluding unappropriated profits) for the group and bank at 31 March 2015 are set out in the relevant SENS note.



Liquidity

The liquidity coverage ratio (LCR) is the first minimum standard for funding and liquidity under the Basel III regime. The objective of the LCR is to promote short-term resilience of a bank?s liquidity risk profile by ensuring it has sufficient high quality liquid assets (HQLA) to survive a significant stress scenario for one month. Regulation 26(12)(a)(vi) requires banks to continuously meet their liquidity needs by calculating the LCR from 1 January 2015; and Directives 6 and 11 of 2014 require quarterly disclosure of the LCR. The LCR compliance is on a phased in basis, beginning with a 60% minimum requirement on 1 January 2015 with 10% incremental increases each year to 100% on 1 January 2019.



The group seeks to exceed the minimum LCR requirement with a sufficient buffer to allow for funding flow volatility as determined by its internal liquidity risk appetite. For the 2015 financial year, the group targets a minimum LCR of 70%. The bank has successfully applied for a committed liquidity facility (CLF) from the SARB as provided for under guidance notes 5 of 2012, 6 of 2013 and 8 of 2014, however, it is not able to recognise the CLF for LCR purposes until it has collateral as defined by the guidance notes to position against the facility. On positioning of collateral under the CLF, the LCR will exceed the group?s internal target.



To mitigate net cash outflows given balance sheet growth and to meet internal liquidity risk appetite, the group will continue to increase high quality liquid assets via the accumulation of level 1 and level 2 assets together with utilisation of the SARB CLF.
17-Apr-2015
(Official Notice)
FirstRand shareholders are referred to the SENS announcement of 6 March 2015 which outlined a number of planned management changes. These changes included the appointment of Alan Pullinger, currently the CEO of Rand Merchant Bank (RMB), as Group Deputy CEO effective 30 September 2015. The same announcement stated that a process had commenced to identify Alan Pullinger's successor at RMB and the appointment would be announced in due course.



This process has now been completed and FirstRand is pleased to announce that James Formby will be appointed CEO of RMB when Alan Pullinger moves to his Group position at the end of September 2015. In the meantime James Formby will take up the role of Deputy CEO of RMB with immediate effect to ensure an appropriate handover.



James Formby has been with RMB since 1997. He started his career as a transactor in Corporate Finance and was appointed Deputy Head of the Investment Banking division in 2009. Most recently he has been Head of Coverage and therefore instrumental in the successful execution of RMB's broader corporate and investment banking strategy.



RMB is fortunate to have the necessary depth and quality of management to enable a sustainable succession process.
27-Mar-2015
(Official Notice)
FRB is a wholly-owned subsidiary of FirstRand Limited (FSR or the group). The group released its unaudited interim financial results on 10 March 2015. Bondholders are advised that FRB?s unaudited condensed financial results for the six months ended 31 December 2014 are now available on the group?s website (www.firstrand.co.za/investorcentre/pages/interim-results.aspx). The interim financial results are also available for inspection at FRB?s registered office.
10-Mar-2015
(C)
Income from operations grew by 14% to R33.6 billion (R29.6 billion) and net income from operations jumped 14% to R14.2 billion (R12.5 billion). Profit attributable to ordinary shareholders increased by 17% to 10.3 billion (R8.8 billion). In addition, headline earnings per share came in 12% higher at 180.5 cents per share (160.5 cents per share).



Dividend

The directors have declared a gross cash dividend of 93 cents per ordinary share out of income reserves for the six months ended 31 December 2014.



B preference shares

Dividends on the B preference shares are calculated at a rate of 75.56% of the prime lending rate of FNB, a division of FirstRand Bank Ltd.



Prospects

In the medium term GDP growth in South Africa is expected to gradually increase, but remain below trend due to both demand weakness and supply side constraints, particularly with regards to power. If the US recovery continues as expected, the SARB may have to increase rates, which will place further pressure on the South African consumer.



Whilst FirstRand currently does not expect rates to move in the second half of its financial year to 30 June 2015, economic headwinds are increasing and growth in the system remains very subdued. High levels of indebtedness remain in certain segments of the consumer market, which means advances growth should stay at current levels and corporate activity is unlikely to pick up significantly. The marked fall in the oil price in recent months, however, could provide impetus for a downtrend in consumer inflation.



FirstRand believes its franchises have the appropriate strategies in place to produce resilient operational performances against this difficult economic backdrop. The strength of its balance sheet and the quality of its diverse income streams should allow FirstRand to continue to deliver sustainable and superior returns to shareholders.
06-Mar-2015
(Official Notice)
Shareholders are advised of the following executive changes within the Group, effective 30 September 2015:

* Sizwe Nxasana will retire as CEO after 9 years at FirstRand.

* Johan Burger, currently Group Deputy CEO will be appointed Group CEO.

* Alan Pullinger, currently CEO of Rand Merchant Bank (?RMB?) will be appointed Group Deputy CEO.



Sizwe Nxasana is retiring as Chief Executive Officer, after 9 years at the helm of the Group. His decision follows a succession process which started at the beginning of 2014 and which has resulted in stable leadership teams now having been established at all of the Group?s operating franchises. Sizwe believes that, given the 5 years he has served in his current role as CEO of the Group, with 4 years served as the CEO of FirstRand Bank, and in light of FirstRand's progress in implementing its strategy, it is time for him to step down.



Johan Burger has been deputy CEO of FirstRand since 2013, prior to which he was Group Chief Operations Officer from 2009 as well as Group Chief Financial Officer from 2002. He started his career with RMB in 1987 and has, in partnership with Sizwe, driven the Group?s growth strategy over the past 5 years. Johan has a deep understanding of FirstRand?s operations and the board believes that he is the ideal candidate to lead the Group.



Alan Pullinger joined the Group in 1998 and has been the CEO of RMB since 2008, overseeing a successful restructuring of the business model. This has enabled RMB to evolve into a leading African corporate and investment bank with a portfolio of high quality businesses with sustainable earnings streams. The process to find a successor CEO of RMB has commenced and the appointment will be announced in due course.



The Group is fortunate to have the necessary depth and quality of management to enable a sustainable succession process and seamless handover of responsibilities.
06-Mar-2015
(Official Notice)
Notice is hereby given that the directors of FirstRand declare an interim ordinary cash dividend for the six month period ended 31 December 2014 in line with the salient dates outlined below. The dividend amount will be announced together with the interim results announcement, which is planned for release on the Stock Exchange News Service (SENS) of the JSE on Tuesday, 10 March 2015.



The interim ordinary cash dividend will be declared from income reserves and the company will utilise secondary tax on companies' credits amounting to 4.29048 cents per share.



The salient dates for the interim ordinary dividend will be as follows:

*Finalisation date: ordinary dividend and interim results announcement on SENS -- Tuesday, 10 March 2015

*Last day to trade cum-dividend -- Friday, 20 March 2015

*Shares commence trading ex-dividend -- Monday, 23 March 2015

*Record date -- Friday, 27 March 2015

*Payment date -- Monday, 30 March 2015



Share certificates may not be dematerialised or rematerialised between Monday, 23 March 2015 and Friday, 27 March 2015, both days inclusive.
04-Feb-2015
(Official Notice)
27-Jan-2015
(Official Notice)
Shareholders are advised that the salient dates for the twenty-first dividend declaration on the variable rate non-cumulative, non- redeemable B preference shares in FirstRand ("B preference shares") for the period from 26 August 2014 to 23 February 2015 both days inclusive, in the gross amount of 348.50760 cents per B preference share, will be as follows:

* Last day to trade : Friday, 13 February 2015

* Shares commence trading ex the B preference share dividend from the commencement of business on Monday, 16 February 2015

* Record date : Friday, 20 February 2015

* Payment date of the B preference share dividend : Monday, 23 February 2015



B preference share certificates may not be dematerialised or rematerialised between Monday, 16 February 2015 and Friday, 20 February 2015, both days inclusive. In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



The Group has utilized secondary tax on companies' credits amounting to 230.37698 cents per B Preference share, the total being R103 669 641.06. As a consequence, dividends tax amounting to 17.71959 cents per B Preference share, the total being R7 973 816.84 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax. The net dividend will therefore be 330.78801 cents per B Preference share.



The issued share capital at the declaration date is 5 609 488 001 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
21-Jan-2015
(Official Notice)
The JSE Ltd. has granted FirstRand Bank Ltd. approval for the listing of a further 6 079 Krugerrand Custodial Certificates which will be listed on the "Exchange Traded Funds" sector of the JSE under the alpha code "KCCGLD" and ISIN Code ZAE000195830 with effect from the commencement of business on Friday, 23 January 2015 and traded through any authorised user of the JSE.



*Instrument Number: 46802

*Alpha Code: KCCGLD

*ISIN: ZAE000195830

*Issue Size (Units): 6 079

*Issue Price (ZAR / Unit): 15 272.81

*Denomination: One ounce Krugerrand coin

*Issue Date: Friday, 23 January 2015

*Maturity Date: 10 November 2024

*Contact: +27 11 269 9140 for more information.
21-Jan-2015
(Official Notice)
Shareholders are referred to the announcement released on SENS on 20 January 2015 regarding the offering of up to 102 132 143 FirstRand ordinary shares (the ?FirstRand Offer?) and a concurrent offering of up to 23 804 003 MMI Holdings Ltd. (?MMI?) ordinary shares (the ?MMI Offer?) (together, the ?Offers?).



FirstRand announced that the Offers have been successfully priced and closed. 102 132 143 FirstRand shares were placed with qualifying institutional investors at a price of R46.00 per share. 23 804 003 MMI shares were placed with qualifying institutional investors at a price of R28.50 per share. Settlement and trading in the FirstRand and MMI shares is expected to commence at 09:00 on Wednesday, 28 January 2015.



FirstRand will apply for admission of 35 420 014 new FirstRand ordinary shares to trading on the Main Board of the JSE. Subject to the approval of the JSE, it is expected that listing of these shares will take place on Wednesday, 28 January 2015.
20-Jan-2015
(Official Notice)
31-Dec-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on 13 October 2014 and in the press on 14 October 2014 relating to the specific repurchases of FirstRand ordinary shares (?shares?) arising from the maturity of the staff and director components of FirstRand?s 2005 Black Economic Empowerment (?BEE?) transaction. Shareholders are advised that a total of 51 504 919 ordinary shares, 7 605 905 shares and 4 762 878 shares were repurchased at R48.92 per share by FirstRand on 31 December 2014 from the FirstRand Black Employee Trust (?FRBET?), the FirstRand Black Non-executive Directors Trust (?FRBNEDT?) and the FirstRand Staff Assistance Trust (?FRSAT?) (together referred to as ?the trusts?) respectively.



The BEE participants in the FirstRand Empowerment Trust (?FRET?) have agreed to hold their FirstRand shares until 31 December 2018 or an earlier date should there be finalisation of legislation relating to BEE ownership. In the meantime the FRET participants will have the ability to dispose of a limited number of shares to settle specific obligations.



The remaining shares held by the FRBET and FRBNEDT have been distributed to the participants thereof (?the Trust Distributions?) and the trusts have been wound up.
03-Dec-2014
(Official Notice)
Ordinary shareholders are advised that, at the 18th (eighteenth) annual general meeting (AGM) of FirstRand held on Tuesday, 2 December 2014, all of the resolutions set out in the notice of the AGM dated 8 September 2014 were passed, without modification, by the requisite majority of votes.



Shareholders are further advised that Jurie Bester retired from the boards of directors (the boards) of FirstRand and FirstRand Bank Ltd. at the conclusion of each company's AGM.
19-Nov-2014
(Official Notice)
In terms of Regulation 43(1)(e) of the Regulations relating to Banks, the Group is required to disclose quantitative information on its capital adequacy ratios on a quarterly basis. This is in accordance with Pillar 3 of the Basel Accord.



The consolidated capital positions of the Group and the Bank at 30 September 2014 are set out in the relevant SENS note.
13-Oct-2014
(Official Notice)
09-Oct-2014
(Media Comment)
Business Report announced that FirstRand plans to raise as much as USD500 million from investors and Swiss private banks for a property fund focused on the African continent. Asset manager Ashburton Investments will start raising funds when its existing property fund is 75% invested. Chief Executive of Ashburton, Boshoff Grobler, said that investors are looking for growth in their portfolios, pushing them into Africa. FirstRand chief executive Sizwe Nxasana said it was attracting more client from Africa's growing middle class. " Increasingly, as Africa sees the growth of the middle and upper classes, they are going to need specialist investment management companies such as Ashburton".
18-Sep-2014
(Media Comment)
Business Day announced that FNB launched a programme to support enterprise development. Head of FNB enterprise development Heather Lowe said that the aim was to give SMEs access to markets and that the budget for the development is R200 million.
09-Sep-2014
(C)
Net income from operations for the year ended 30 June 2014 shot up by 27% to R25.3 billion (2013: R19.9 billion). Profit for the year attributable to equity holders of the Group rose by 24% to R18.7 billion (2013: R15.1 billion), while headline earnings per share grew by 22% to 340.4cps (2013: 279.6cps).



Dividend

The directors declared a final dividend of 97cps. The years total dividend comes to 174cps.



Prospects

South Africa is currently in an interest rate hiking cycle which will place further pressure on the South African consumer. The Group believes that its strategy to grow customers, drive NIR and exercise discipline in its credit origination strategies in the retail market places it in a strong position to weather the difficult credit cycle as it continues to emerge over the next 12 to 18 months.



Economic headwinds are increasing and growth in the system continues to slow. The Group believes its franchises have the appropriate strategies in place to deliver good operational performances. The strength of its balance sheet and the resilience of its diverse income streams should allow FirstRand to deliver sustainable and superior returns to shareholders.
05-Sep-2014
(Official Notice)
FirstRand's board is pleased to advise the following change to the board:



Mr Russell Mark Loubser has been appointed as an independent non-executive director of FirstRand Limited and its wholly- owned subsidiary, FirstRand Bank Ltd., with effect from 5 September 2014.

02-Sep-2014
(Official Notice)
The tables below provide guidance for the increases in the Group's HEPS, EPS and diluted normalised EPS for the year ended 30 June 2014.



Shareholders were previously advised of changes in accounting policies as a result of the adoption of new and revised IFRS standards. These changes resulted in the restatement of prior period comparatives. The earnings guidance provided below is based on both a previously reported and restated basis.



As previously communicated to shareholders, FirstRand considers diluted normalised EPS to most accurately represent operational performance.



For the year ended 30 June 2013 (As reported) and Guidance increase for year ended 30 June 2014

*Headline EPS Basic (IFRS) -- 276.70; 21 - 23%

*Actual EPS Basic (IFRS) -- 266.20; 24 - 26%

*Diluted normalised EPS -- 271.80; 20 - 22%



For the year ended 30 June 2013 (As restated) and Guidance increase for year ended 30 June 2014

*Headline EPS Basic (IFRS) -- 279.6; 21 - 23%

*Actual EPS Basic (IFRS) -- 269.7; 24 - 26%

*Diluted normalised EPS -- 273.5; 20 - 22%



FirstRand's results for the year ended 30 June 2014 are expected to be released on SENS on Tuesday, 9 September 2014.
24-Jul-2014
(Official Notice)
Shareholders are advised that the salient dates for the twentieth dividend declaration on the variable rate non-cumulative, non- redeemable B preference shares in FirstRand (B preference shares) for the period from 25 February 2014 to 25 August 2014 both days inclusive, in the gross amount of 341.10690 cents per B preference share, will be as follows:



*Last day to trade - Friday, 15 August 2014

*Shares commence trading ex the B preference share dividend from the commencement of business on - Monday, 18 August 2014

*Record date - Friday, 22 August 2014

*Payment date of the B preference share dividend - Monday, 25 August 2014



B preference share certificates may not be dematerialised or rematerialised between Monday, 18 August 2014 and Friday, 22 August 2014, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date (the dividend declaration date) and the B preference share dividend payment date (the dividend payment date), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



The Group has utilized secondary tax on companies? credits amounting to 188.91869 cents per B Preference share, the total being R85 013 409.94. As a consequence, dividends tax amounting to 22.82823 cents per B Preference share, the total being R10 272 703.50 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax. The net dividend will therefore be 318.27867 cents per B Preference share.



The issued share capital at the declaration date is 5 637 941 689 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
19-Jun-2014
(Official Notice)
Noteholders are referred to the announcement issued by Standard and Poor's (S-P) on 18 June 2014, in which the agency announced that following the lowering of its foreign currency ratings on the Republic of South Africa it had downgraded by one notch the long- and short-term counterparty credit ratings of four large South African banks, including FirstRand Bank Ltd. (FRB), to 'BBB-/A-3' from 'BBB/A-2', which remains investment grade.



It is standard practice for a holding company (in this case FirstRand or FSR) to be rated at least one notch lower than the operating company (in this case FRB). Therefore, S-P also downgraded FSR to 'BB+/B' from 'BBB-/A-3', however, it is important to note that the FirstRand Group issues debt out of FRB, the credit counterparty. No debt is issued at an FSR level.



Please refer to the S-P press release for any further information.
21-May-2014
(Official Notice)
Shareholders are advised that at the general meeting of FirstRand ordinary shareholders held on Wednesday, 21 May 2014 at 09:00, all of the ordinary resolutions as set out in the Notice of General Meeting incorporated in the Circular dated 11 April 2014 were passed, without modification, by the requisite majority of votes.
11-Apr-2014
(Official Notice)
Notice is hereby given that a general meeting of FirstRand ordinary shareholders ("General Meeting") will be held at the Willow Room, Ground Floor, 4 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton on Wednesday, 21 May 2014 at 09:00 to transact the business as stated in the General Meeting notice forming part of the circular to be posted to the ordinary shareholders today, 11 April 2014 ("Circular").



The purpose of this meeting is to:

*To approve as an ordinary resolution the proposed amendments to the FirstRand Black Employee Trust deed;

*To approve as an ordinary resolution the proposed amendments to the FirstRand Black Non-Executive Directors Trust deed;

*To approve as an ordinary resolution that any director of the Company be and is authorised to do all such things and sign all such documents as may be necessary for or incidental to the implementation of the resolutions passed at this General Meeting.



Salient Dates

*Record date for the posting of the Circular on Friday, 4 April 2014

*Circular posted to the Ordinary Shareholders Friday, 11 April 2014

*Last day to trade in order to be eligible to vote at the General Meeting on Friday, 9 May 2014

*Record date in order to vote at the General Meeting on Friday, 16 May 2014

*Forms of proxy to be received by 09h00 on* Monday, 19 May 2014

*any proxies not lodged by this time must be handed to the chairman of the general meeting immediately prior to the annual general meeting.



Documents available for inspection

All documents or copies thereof will be available for inspection during normal business hours at the Registered Office, from the date of this Circular up to and including the date of the General Meeting.
04-Mar-2014
(C)
Income from operations grew by 16% to R29.6 billion (R25.4 billion) and net income from operations jumped 25% to R12.5 billion (R10.0 billion). Profit attributable to ordinary shareholders increased by 24% to 8.8 billion (R7.1 billion). In addition, headline earnings per share were 21% higher at 160.5 cents per share (132.8 cents per share).



Cash dividend declarations

Ordinary shares

The directors have declared a gross cash dividend totalling 77.0 cents per ordinary share out of income reserves for the six months ended 31 December 2013.



B preference shares

Dividends on the B preference shares are calculated at a rate of 75.56% of the prime lending rate of FNB, a division of FirstRand Bank Limited.



Prospects

South Africa's dependence on foreign capital flows to fund the wide current account deficit continues to introduce uncertainty and vulnerability to the macroeconomic outlook. This was illustrated by the recent rapid exchange rate depreciation and the South African Reserve Bank's (SARB) decision to hike the repo rate by 50 bps in January 2014.



GDP growth has to date been supported by wage inflation, consumption and government spending and these trends are all slowing down. Manufacturing, exports and investments will provide some underpin to growth, however, South Africa has now entered an interest rate hiking cycle which will place further pressure on the South African consumer.



The Group believes that its strategy to grow customers, drive NIR and exercise discipline in its credit origination strategies in the retail market, particularly over the past 18 months will place it in a strong position to weather what is expected to be a difficult domestic credit cycle.



The franchises are expected to continue to show good operational performances and expectations remain unchanged for the second half of the year.
25-Feb-2014
(Official Notice)
The table below provides guidance for the increases in the group's HEPS, EPS and diluted normalised EPS, based on both an actual and restated basis. The restatements relate to the adoption of certain new IFRS statements.



As previously communicated to shareholders, FirstRand considers diluted normalised EPS from continuing operations to most accurately represent operational performance.



For the 6 months to 31 Dec 2012 and Guidance increase for 6 months to 31 Dec 2013

*Headline EPS (IFRS) -- 131.7; 20 - 22%

*Actual EPS (IFRS) -- 128.5; 24 - 26%

*Diluted normalised EPS -- 128.0; 19 - 21%



FirstRand's results for the six months to 31st December 2013 are expected to be released on SENS on Tuesday 4th March 2014.
06-Feb-2014
(Media Comment)
Business Day reported that FirstRand CEO Sizwe Nxasana said the group is inclined to start banks from scratch but has not dismissed acquiring new business in the rest of Africa. The group has R10 billion to invest over the next two years to develop into Africa. Mr Nxasana added that FirstRand will continue to take calculated steps in acquiring business on the continent to safeguard return on equity.
28-Jan-2014
(Official Notice)
Shareholders are advised that the salient dates for the nineteenth dividend declaration on the variable rate non-cumulative, non- redeemable B preference shares in FirstRand ("B preference shares") for the period from 27 August 2013 to 24 February 2014 both days inclusive, in the gross amount of 320.25100 cents per B preference share, will be as follows:



*Last day to trade -- Friday, 14 February 2014

*Shares commence trading ex the B preference share dividend from the commencement of business on Monday, 17 February 2014

*Record date -- Friday, 21 February 2014

*Payment date of the B preference share dividend -- Monday, 24 February 2014



B preference share certificates may not be dematerialised or rematerialised between Monday, 17 February 2014 and Friday, 21 February 2014, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date (the dividend declaration date) and the B preference share dividend payment date (the dividend payment date), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



The group has utilized secondary tax on companies' credits amounting to 230.80915 cents per B Preference share, the total being R103 864 118.62. As a consequence, dividends tax amounting to 13.41628 cents per B Preference share, the total being R6 037 324.71 will be deducted from this preference dividend for all B preference shareholders who are subject to dividends withholding tax. The net dividend will therefore be 306.83472 cents per B Preference share.



The issued share capital at the declaration date is 5 637 941 689 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.
03-Dec-2013
(Official Notice)
At the 17th (seventeenth) annual general meeting of the shareholders of FirstRand held today, 3 December 2013, all of the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.



Change to the company secretary

Following Mr Bruce Unser's retirement and consequent resignation as company secretary, Mrs Carnita Low has been appointed as company secretary of FirstRand with effect from 6 January 2014.
28-Oct-2013
(Official Notice)
Shareholders are referred to the announcement released on SENS on 8 October 2013 confirming that the annual report and notice of annual general meeting for the year ending 30 June 2013 had been published on the FSR website, www.firstrand.co.za/InvestorCentre/Pages/annual- reports.aspx.



In this regard, shareholders are advised that the notice of annual general meeting, as published on the website with the annual integrated report 2013, has been substituted to take account of a modification to ordinary resolution no 4.



In addition, this modification has been incorporated into the annual general meeting notice contained in the summarised financial statements which FSR has today commenced mailing to shareholders. The summarised financial statements are also available on the FSR website.
08-Oct-2013
(Official Notice)
Shareholders are advised that the annual integrated report incorporating the report of the directors, the audited financial statements for the year ending 30 June 2013, the audit committee report, and the notice of the annual general meeting will be published on the FSR website, www.firstrand.co.za/InvestorCentre/Pages/annual-reports.aspx on Tuesday, 8 October 2013. The summarised financial statements 2013, together with the notice of annual general meeting will be distributed to shareholders on or about Friday, 25 October 2013. The documents contain no modifications to the audited results which were published on SENS on 10 September 2013.



Notice of the annual general meeting

Notice is hereby given that the seventeenth annual general meeting of FSR shareholders will be held at the Auditorium, FNB Conference and Learning Centre, 114 Grayston Drive, Sandton on Tuesday, 3 December 2013 at 09h00 to transact the business as stated in the annual general meeting notice which will be mailed together with the summarised financial statements 2013.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 18 October 2013

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 15 November 2013

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 22 November 2013

*Forms of proxy for the annual general meeting to be lodged by 09h00 on* -- Friday, 29 November 2013

*any proxies not lodged by this time must be handed to the chairman of the annual general meeting immediately prior to the annual general meeting.
11-Sep-2013
(Media Comment)
Business Day reported that financial services group FirstRand has set aside R10 billion over the next two years to expand further into Africa through small acquisitions and greenfields operations. CEO Sizwe Nxasana said the group was taking a long-term approach to the rest of Africa, focusing on scaling up smaller operations and making small acquisitions. Over the next year, FirstRand plans to scale up its operations in Mozambique, Zambia, Tanzania, Nigeria and India.
11-Sep-2013
(Official Notice)
FirstRand informed shareholders that the Group has made the following new appointments:

* Johan Burger, currently FirstRand Group Financial Director and Group COO is appointed Group Deputy CEO, effective 1 October 2013, but will retain the Group Financial Director role until 31 December 2013.

* Effective 1 October 2013, Harry Kellan, currently CFO of FNB is appointed CFO of FirstRand Bank and Jaco van Wyk is appointed Group Head of Finance. This follows Alan Hedding's retirement as CFO of FirstRand Bank and Group Head of Finance (effective 30 September 2013). In addition to his role as FirstRand Bank CFO, Harry Kellan will be appointed Group Financial Director from 1 January 2014.

* Brian Riley retires as CEO of WesBank on 31 December 2013 and Chris de Kock, currently General Manager: Sales and Marketing at WesBank, has been appointed WesBank CEO from 1 January 2014.
10-Sep-2013
(C)
Net interest income before impairment of advances increased by 13% to R24.7 billion (2012: R21.9 billion). Income from operations rose by 11% to R51.5 billion (2012: R46.3 billion), while profit attributable to ordinary equity holders was 10% higher at R14.5 billion (2012: R13.2 billion). Furthermore, headline earnings per share shot up by 20% to 276.7 cents per ordinary share (2012: 231.5 cents per ordinary share).



Cash dividend declarations

The directors have declared a final dividend of 81 cents per ordinary share resulting in an annual gross cash dividends totalling 136.0 cents per ordinary share out of income reserves for the year ended 30 June 2013.



Prospects

The difficult macroeconomic environment is expected to continue in the current financial year. Despite this, the Group expects to continue to produce good organic growth. FNB's focus on customer acquisition and driving transactional revenues across its platforms is expected to drive NIR growth, as will RMB's client activities both in the domestic market and the rest of Africa. Investment in stated growth opportunities will continue, which will result in some cost pressure although sustained revenue growth should result in positive operating jaws. With respect to advances growth, new business volumes in the vehicle and asset finance and personal loans lending books are expected to moderate further. Corporate advances are expected to remain healthy.
03-Sep-2013
(Official Notice)
The table below provides guidance for the increases in the Group's HEPS, EPS and diluted normalised EPS. As previously communicated to shareholders, FirstRand considers diluted normalised EPS from continuing operations to most accurately represent operational performance.

For the twelve months to 30 June 2012 - guidance increase for twelve months to 30 June 2013:

* Headline EPS (IFRS): 231.5 - 19 - 21%

* Actual EPS (IFRS): 241.7 - 9 - 11%

* Diluted normalised EPS: 225.8 - 19 - 21%



FirstRand's results for the twelve months to June 2013 are expected to be released on SENS on Tuesday 10th September 2013.
01-Aug-2013
(Official Notice)
Shareholders are advised that the salient dates for the eighteenth dividend declaration on the variable rate non- cumulative, non-redeemable B preference shares in FirstRand (B preference shares) for the period from 25 February 2013 to 26 August 2013 both days inclusive, in the amount of 320.25100 cents per B preference share, will be as follows:

*Last day to trade Friday, 16 August 2013

*Shares commence trading ex the B preference share dividend from the commencement of business on Monday, 19 August 2013

*Record date Friday, 23 August 2013

*Payment date of the B preference share dividend Monday, 26 August 2013



B preference share certificates may not be dematerialised or rematerialised between Monday, 19 August 2013 and Friday, 23 August 2013, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date (the dividend declaration date) and the B preference share dividend payment date (the dividend payment date), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



The Company has utilized secondary tax on companies? credits amounting to 244.38759 cents per B Preference share, the total being R109 974 413.76. As a consequence, dividends tax amounting to 11.37951 cents per B Preference share will be deducted from this preference dividend for all shareholders who are subject to dividends withholding tax. The net dividend will therefore be 308.87149 cents per B Preference share. The issued share capital at the declaration date is 5 637 941 689 ordinary shares of one cent each and 45 000 000 B preference shares of one cent each.

09-Jul-2013
(Official Notice)
Mr Peter Cooper has been appointed as an alternate non- executive director of FirstRand and its wholly-owned subsidiary, FirstRand Bank Ltd., with effect from 9 July 2013.
27-May-2013
(Official Notice)
The following information is disclosed:

*Ronald Keith (Tim) Store, having reached retirement age, will retire from the board of FirstRand on 31 May 2013.
22-May-2013
(Official Notice)
FirstRand advised shareholders that Dr Michael Jordaan will step down as Chief Executive Officer of its FNB Division at the end of 2013 and that Mr Jacques Celliers has been appointed to succeed him. FirstRand expects Dr Jordaan to continue his involvement with the Group in a non-executive capacity on its various boards and committees.
05-Mar-2013
(C)
Net interest income before impairment of advances jumped 18% to R12.4 billion (R10.5 billion) and income from operations grew 17% to R25.9 billion (R22.1 billion). Profit for the period attributable to ordinary equity holders rose 16% to R7.0 billion (R6.1 billion). Furthermore, headline earnings per share increased by 27% to 131.7 cents per share (103.3 cents per share).



Dividend

Ordinary shares

The directors have declared a gross cash dividend totalling 55.0 cents per ordinary share out of income reserves for the six months ended 31 December 2012.



B preference shares

Dividends on the B preference shares were calculated at a rate of 75.56% of the prime lending rate of FNB, a division of FirstRand. For the period 28 August 2012 - 25 February 2013 a dividend of 320.3 cents per B preference share were declared and paid.



Prospects

The difficult macroeconomic environment is expected to continue for the rest of the financial year. Despite this, the group expects to continue to produce good organic growth. FNB's focus on customer acquisition and driving transactional revenues across its platforms will drive NIR growth, as will RMB's client activities. With respect to advances growth, new business volumes in the retail lending books are expected to moderate in the second half, a trend that is already manifesting on a rolling six-month basis. Corporate advances are expected to remain robust at RMB.



Ongoing investment in stated growth opportunities will continue, which will result in cost pressure although strong revenue growth should result in positive operating jaws.
25-Feb-2013
(Official Notice)
The table below sets out guidance for the increase in the group's earnings per share (EPS), headline EPS and diluted normalised EPS. As previously communicated to shareholders, FirstRand considers diluted normalised EPS from continuing operations to most accurately represent operational performance.

*Basic EPS(IFRS) -- 111.1 (Dec 2011) ; 14-19% (Dec 2012 guidance increase)

*Basic Headline EPS(IFRS) -- 103.3 (Dec 2011) ; 24-29% (Dec 2012 guidance increase)

*Diluted normalised EPS -- 102.4 (Dec 2011) ; 22-27% (Dec 2012 guidance increase)



FirstRand's results for the six months ended December 2012 will be released on SENS on Tuesday 5th March 2013.
11-Feb-2013
(Media Comment)
According to Business Day, following the official opening of Rand Merchant Bank (RMB) Nigeria, RMB anticipates opening a permanent franchise in Ghana. In 2012, FirstRand acquired a 75% stake in Merchant Bank Ghana, allowing First National Bank and RMB a platform to feature their products and services.
01-Feb-2013
(Official Notice)
Shareholders of B Pref shares are advised that the directors have declared dividend number 17 for the period 28 August 2012 to 25 February 2013, both days inclusive, in the amount of 320.25019 cents per B Pref share.



The salient dates for this dividend are as follows:

* Last day to trade: Friday, 15 February 2013

* Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 18 February 2013

* Record date: Friday, 22 February 2013

* Payment date of the B preference share dividend: Monday, 25 February 2013



B preference share certificates may not be dematerialised or rematerialised between Monday, 18 February 2013 and Friday, 22 February 2013, both days inclusive. In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



The effect of the aforementioned will be that the B preference share dividend will not be adjusted for any changes in the prime rate between the dividend declaration date and the dividend payment date. The Company has utilized secondary tax on companies? credits amounting to 320.25019 cents per share. As a consequence, no dividends tax will be deducted from this preference dividend.
19-Dec-2012
(Official Notice)
Mr Grant Glenn Gelink, has been appointed as a non-executive director of FirstRand and its wholly-owned subsidiary, FirstRand Bank Limited, with effect from 1 January 2013.
29-Nov-2012
(Official Notice)
At the 16th (sixteenth) annual general meeting of the shareholders of FirstRand held today, 29 November 2012, all the ordinary and special resolutions proposed were approved by the requisite majority of votes.



The special resolution amending FirstRand's Memorandum of Incorporation, which is required to be registered, will be lodged for registration in due course with the Companies and Intellectual Property Commission.
26-Nov-2012
(Media Comment)
According to Business Report, UK-based cellphone payment innovator mPowa and South Africa's First National Bank (FNB) will jointly introduce a new cellphone payment device to the bank's merchant services offering in the near future. mPowa's tools and software will enable FNB to customise the look and identity of its services. Jacques Celliers, FNB's chief executive of business banking said the new technology will allow customers to accept card payments anywhere, anytime.
16-Nov-2012
(Official Notice)
FirstRand is a registered bank controlling company, therefore it is required in terms of Pillar 3 of the Basel II Capital Accord, to disclose quantitative information on its capital adequacy ratios on a quarterly basis. The report can be found on FirstRand's website.
26-Oct-2012
(Media Comment)
Business Day reported that FirstRand's Indian retail banking unit, which was launched in April, has so far signed about 700 new individual clients and is pushing to grow its corporate book to as much as USD100 million by the end of 2012. The unit's only branch is in Mumbai, and looks set to achieve its business targets despite intense competition in India's banking sector, which has more than 200 banks. FirstRand is the first African financial group to open a retail bank in India. The unit's head, Bobby Madhav, said in an interview that FirstRand Bank India was not aiming to overtake larger rivals, but wanted to steadily expand its footprint by initially targeting eight Indian states.
24-Oct-2012
(Official Notice)
Mr JJ (Jannie) Durand, CEO of Remgro Ltd., has been appointed as a non-executive director of Firstrand and its wholly-owned subsidiary, FirstRand Bank Ltd., with effect from 23 October 2012.
24-Oct-2012
(Official Notice)
Shareholders were advised that the annual integrated report incorporating the report of the directors, the audited financial statements for the year ending 30 June 2012 and the audit committee report will be distributed to shareholders on or about Friday, 26 October 2012 and contain no modifications to the audited results which were published on SENS on 11 September 2012.



Notice of the annual general meeting

Notice was given that the sixteenth annual general meeting of FSR shareholders will be held at Auditorium, FNB Conference and Learning Centre, 114 Grayston Drive, Sandton on Thursday, 29 November 2012 at 09h00 to transact the business as stated in the annual general meeting notice which will be mailed together with the annual integrated report.



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of annual general meeting -- Friday, 19 October 2012

*Last day to trade in order to be eligible to attend and vote at the annual general meeting -- Friday, 16 November 2012

*Record date to determine which shareholders are entitled to attend and vote at the annual general meeting -- Friday, 23 November 2012

*Forms of proxy for the annual general meeting Tuesday*, to be lodged by 09h00 on 27 November 2012



The annual integrated report and notice of the annual general meeting will also be published on the FSR website, www.firstrand.co.za, filed in the Investor Centre folder, on Friday, 26 October 2012.
04-Oct-2012
(Media Comment)
Business Report noted that a property unit of FirstRand's investment banking arm has raised USD250 million (R2.1 billion) to develop real estate in West Africa. RMB Westport said in a statement that the money will be used to supply the "strong demand for high-grade retail and commercial property." Nigeria, Ghana and Angola have been earmarked as countries by the unit in which to build retail and commercial property.
11-Sep-2012
(C)
Interest income rose 8% to R41.3 billion (2011: R38.2 billion) whilst income form operations jumped 7% to R46.3 billion (2011: R43.2 billion). Net attributable profit to ordinary equityholders fell 34% to R13.2 billion (2011: R20.1 billion). In addition, headline earnings from continuing operations shot up 33% to 231.5cps (2011:174.7cps).



Dividend

The board have declared a final ordinary dividend of 58cps.



Prospects

The macro environment will remain challenging during the 2013 financial year. The global economy is likely to register sub-trend growth and will continue to face significant downside risk. This means economic activity in South Africa will remain under pressure.



GDP growth is currently expected to be 2.5% for the 2012/2013 financial year, and, although interest rates are expected to remain flat for the rest of the year, there is downside risk if economic growth slows further.



Lower levels of real wage increases will negatively impact consumer spending and growth in retail advances is likely to remain subdued, with mortgage lending expected to continue to lag nominal GDP growth. In addition, given the high levels of recent growth in unsecured and short-term advances in the system, this is also likely to moderate. Corporate lending is expected to remain muted as business confidence has not fully recovered. If, however, the proposed government and public sector infrastructure plans are implemented, this may provide some underpin to growth in advances.



Within the context of these challenges, FirstRand expects to continue to produce good organic growth. Achieving revenue growth remains a challenge, but the group's franchises have compelling strategies to grow the topline. FNB's focus on acquiring core transactional accounts will continue to drive NIR growth, as will RMB's increasing client activities. Achieving a sustainable ROE and cost-to-income ratio will remain a balancing act between investment and cost management.



GDP growth in sub-Saharan Africa is expected to further strengthen and the group will continue to build on its progress in developing the appropriate entry strategies and operating platforms in those countries identified as priorities for expansion.
04-Sep-2012
(Official Notice)
As previously communicated to shareholders, FirstRand considers diluted normalised earnings per share from continuing operations to most accurately represent operational performance and this is expected for the twelve months to June 2012 to increase by between 22% and 27% from 179.4 cents in the comparative period.



Headline earnings

Headline earnings are expected to increase by between 24% and 29% from 183.1 cents per share in the comparative period.



Non recurring prior period events

As a result of the unbundling of the Momentum Group, which was effective 30 November 2010, a significant non-recurring gain arose as a dividend in specie to FirstRand shareholders at fair value in terms of IFRIC 17: Distributions of Non-Cash Assets to Owners. This once-off gain was disclosed in the group's income statement for the twelve months to June 2011. As this gain does not arise from the performance of the group's continuing operations, it does not recur in the income statement for the year ended 30 June 2012.



Consequently if this item is excluded, earnings per share for the year ended 30 June 2012 will not differ by more than 20% from the previous comparative period.



FirstRand's results for the year to June 2012 will be released on SENS on or about Tuesday 11th September 2012.
07-Aug-2012
(Official Notice)
Shareholders are advised that the salient dates for the sixteenth dividend declaration on the variable rate non-cumulative, non- redeemable B preference shares in FirstRand ("B preference shares") for the period from 28 February 2012 to 27 August 2012 both days inclusive, in the amount of 333.08504 cents per B preference share, will be as follows:

* Last day to trade : Friday, 17 August 2012

* Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 20 August 2012

* Record date : Friday, 24 August 2012

* Payment date of the B preference share dividend : Monday, 27 August 2012



The board of FirstRand proposed to shareholders that the "B" preference dividend for each of the "B" preference shares would be calculated in arrears with effect from the last Monday in August 2012 at a rate of 75.56% (previously 68%) of FirstRand Bank Ltd.'s minimum overdraft rate. The proposal was approved by shareholders on 23 May 2012.



In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date.



The effect of the aforementioned will be that the B preference share dividend will not be adjusted for any changes in the prime rate between the dividend declaration date and the dividend payment date. The company has utilized secondary tax on companies' credits amounting to 333.08504 cents per share. As a consequence, no dividends tax will be deducted from this preference dividend.
09-Jul-2012
(Media Comment)
A surge in unsecured lending and strong vehicles sales is expected to fuel FirstRand's full year earnings, according to Business Day. Analysts predict earnings growth on continuing operations of between 16% and 22% with Rand Merchant bank (RMB), reflecting moderate improvement from the 14% decline in earnings reported in the interim results in February. In the year to June last year, FirstRand announced normalised earnings of R10.1 billion, a rise of 22% over the previous year's figure. FirstRand's CEO, Sizwe Nxasana, is expected to layout progress the group has made to grow its African retail and investment banking franchise as well as make acquisitions in Ghana and Nigeria. Faizal Moolla, banking analyst at Avior Research, said FirstRand is a top choice for banking stocks this year.
27-Jun-2012
(Media Comment)
Business Report noted that FirstRand's bad debts were not expected to rise in the second half of the 2011 financial year. The stability of its bad debts was indicated by Michael Jordaan, CEO of FirstRand's First National Bank division.
21-Jun-2012
(Media Comment)
Business Day noted that shares in FirstRand rose 19c or 0.69% on Wednesday, 20 June 2012, to close at R27.79 after the company said it was involved in talks to buy a bank in Ghana. Ghana's government said FirstRand was involved in talks about the sale of Merchant Bank Ghana.
11-Jun-2012
(Media Comment)
According to Business Day, analysts expect FirstRand to register strong growth and return on equity. Adrian Cloete, equity analyst at Cadiz Asset management, said FirstRand has the leading return on equity and that it would not be easy for the other banks to beat FirstRand's return on equity in the medium term. Revenue from investment and corporate banking activities is driving earnings for FirstRand. Through its subsidiary, FNB, FirstRand tops the competition for growth in unsecured lending said Faizal Moolla, banking analyst at Avior Research.
24-May-2012
(Official Notice)
At the combined general meeting of the ordinary and preference shareholders of FirstRand held on 23 May 2012, all the ordinary and special resolutions proposed at this meeting were approved by the requisite majority of votes. Additionally, at the separate general meeting of the "B" Preference shareholders of FirstRand held on 23 May 2012, all the resolutions proposed at this meeting were approved by the requisite majority of votes.
24-May-2012
(Official Notice)
FirstRand is a registered bank controlling company, therefore it is required in terms of Pillar 3 of the Basel II Capital Accord, to disclose quantitative information on its capital adequacy ratios on a quarterly basis. It can be found on FirstRand's website.
03-May-2012
(Official Notice)
The board wished to advise of the passing of Mr MH (Thys) Visser, non-executive director, following a motor car accident on 26 April 2012.
20-Apr-2012
(Official Notice)
Notice was given that the general meeting of the holders of variable rate, non-cumulative, non-redeemable, "B" preference shares ("B Pref Shares") will be held in the Willow Room, Ground Floor, 4 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton on Wednesday, 23 May 2012 at 11h15 or immediately after the ordinary shareholders' meeting to be held on the same date at the same place at 11h00, whichever is later, to transact the business as stated in the general meeting notice to be posted to shareholders on or about 24 April 2012.



The purpose of this meeting is to:

*approve the adoption of the revised Memorandum Of Incorporation ("MOI") (which, inter alia, incorporates an amendment to the terms attaching to the preference shares, being a change in the dividend rate ("the preference share amendment")); and

*approve the preference share amendment made to the current MOI (this matter will be voted on by way of a separate resolution in order to allow this resolution to only become effective, should the resolution pertaining to the approval of the adoption of the revised MOI not be passed).



Salient dates

*Record date to determine which B Pref shareholders are entitled to receive the notice of general meeting -- Friday, 13 April 2012

*Last day to trade in order to be eligible to attend and vote at the general meeting Friday, 11 May 2012

*Record date to determine which B Pref shareholders are entitled to attend and vote at the general meeting Friday, 18 May 2012

*Forms of proxy for the general meeting to be lodged by 11h15 on Monday, 21 May 2012
20-Apr-2012
(Official Notice)
Notice was given that the combined general meeting of ordinary shareholders and preference shareholders ("shareholders") will be held in the Willow Room, Ground Floor, 4 Merchant Place, corner Fredman Drive and Rivonia Road, Sandton on Wednesday, 23 May 2012 at 11h00 to transact the business as stated in the combined general meeting notice to be posted to shareholders on or about 24 April 2012. The purpose of this meeting is to:

*approve the amendment of certain of the provisions of the FirstRand Conditional Share Plan 2009;

*adopt the revised Memorandum Of Incorporation ("MOI") (which, inter alia, incorporates an amendment to the terms attaching to the preference shares, being a change in the dividend rate (the preference share amendment)); and

*approve the preference share amendment by amending the current MOI (this matter will be voted on by way of a separate resolution in order to allow this resolution to only become effective should the resolution pertaining to the adoption of the revised MOI not be passed).



Salient dates

*Record date to determine which shareholders are entitled to receive the notice of combined general meeting -- Friday, 13 April 2012

*Last day to trade in order to be eligible to attend and vote at the combined general meeting -- Friday, 11 May 2012

*Record date to determine which shareholders are entitled to attend and vote at the combined general meeting -- Friday, 18 May 2012

*Forms of proxy for the combined general meeting to be lodged by 11h00 -- Monday, 21 May 2012
05-Apr-2012
(Media Comment)
According to Business Day, FirstRand's decision to discontinue proprietary trading activities may release up to R2.8 billion. Research company, Afrifocus, says the freed up capital will provide FirstRand with extra firepower to fund organic growth.
15-Mar-2012
(Official Notice)
B preference shareholders are referred to the SENS announcements released by FirstRand on 27 February 2007 and 1 March 2007 ("the 2007 SENS announcements") dealing with the proposed changes to secondary tax on companies ("STC") and the introduction of dividend tax and the manner in which these changes impact the B preference shareholders. In the 2007 SENS announcements, FirstRand communicated the intention to gross-up the dividend on the B preference shares by the commensurate benefit that FirstRand would obtain as a result of such changes made to STC and/or Dividend Tax.



The board of FirstRand has agreed to propose to shareholders that the "B" preference dividend for each of the "B" preference shares will be calculated in arrear with effect from the last Monday in August 2012 at a rate of 75,56% (currently 68%) of FirstRand Bank Ltd.'s minimum overdraft rate. The effect of the proposal, if approved by shareholders, is that the preference dividend that will be paid in August 2012, and in respect of the dividend periods thereafter, will be calculated at the revised rate. The proposed gross-up is in terms of the preferences, rights, limitations and other terms associated with the "B" preference shares. In order to amend the dividend rate as stated above, an amendment to the company's memorandum of incorporation will be proposed to shareholders at a general meeting planned to take place in May 2012. The amendment will require the approval of the B preference shareholders at a separate class meeting, which will follow the general meeting. The amendment will also require the approval of the Bank Supervision Department of the SA Reserve Bank. Notices of these meetings will be dispatched to shareholders in due course.
29-Feb-2012
(Media Comment)
Business Day reported that First Rand has benefited from advances growth by its key banking unit, First National Bank(FNB) and vehicle financier Wesbank, with FNB ramping up market share in the unsecured and consumer lending segment. FirstRand CEO Sizwe Nxasana indicated that the group's performance will continue to depend on growth strategies and macroeconomic conditions, which he notes will be subdued.
28-Feb-2012
(C)
23-Feb-2012
(Official Notice)
As previously communicated to shareholders FirstRand considers diluted normalised earnings per share from continuing operations to most accurately represent operational performance and this is expected for the six months to December 2011 to increase by between 24% and 28% from 81.1 cents (adjusted from 84.3 cents to exclude OUsurance for the six months to December 2010) in the comparative period.



Non-recuring prior period events

Shareholders are reminded that in the six month reporting period ended 31 December 2010 FirstRand distributed its interest in MMI Holdings Ltd. to shareholders as a dividend in specie. This action gave rise to a significant non-recurring increase, in terms of IFRIC 17, in earnings per share for the six months reporting period to 31 December 2010 and was disclosed in the group's income statement. As this gain does not arise from the performance of the group's continuing operations, it does not recur in the income statement for the six months to December 2011. Consequently, if this item is excluded, earnings per share for the six months to December 2011 will not differ by more than 20% from the previous comparative period. Headline earnings per share will also not differ by more than 20% from the comparative period. FirstRand's interim results for the six months ended 31 December 2011 will be released on SENS on Tuesday 28 February 2012.
03-Feb-2012
(Official Notice)
Shareholders are advised that the salient dates for the fifteenth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares") for the period 30 August 2011 to 27 February 2012 both days inclusive, in the amount of 305.162 cents per B preference share, will be as follows:

*Last day to trade -- Friday, 17 February 2012

*Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 20 February 2012

*Record date -- Friday, 24 February 2012

*Payment date of the B preference share dividend -- Monday, 27 February 2012



B preference share certificates may not be dematerialised or rematerialised between Monday, 20 February 2012 and Friday, 24 February 2012, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date. The effect of the aforementioned will be that the B preference share dividend will not be adjusted for any changes in the prime rate between the dividend declaration date and the dividend payment date.
02-Dec-2011
(Official Notice)
At the fifteenth annual general meeting of the shareholders of FirstRand held on 1 December 2011 all of the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. The business regarding B Preference shares, was withdrawn as there is no intention to issue the unissued B Preference shares at this time. Hence ordinary resolution number 6B was withdrawn in its entirety. All reference to B Preference shares contained in ordinary resolution number seven was withdrawn prior to the resolution being approved.
09-Nov-2011
(Media Comment)
Business Day quoted FirstRand CEO, Sizwe Nxasana, as saying that the bank was more likely to make an acquisition in Nigeria than start from scratch in the country. Mr Nxasana implies in FirstRand's annual report that he wants to take advantage of the expected consolidation of Nigeria's fragmented banking system and acquire a bank that would like an alliance with a stronger rival. FirstRand's continued interest in Nigeria comes despite the group's failed attempt to buy Sterling Bank.
03-Nov-2011
(Official Notice)
Shareholders were advised that the FirstRand annual financial statements will be posted to shareholders by 3 November 2011 and available on the group's website on 3 November 2011. These statements contain no modifications to the audited results which were published on SENS on 13 September 2011.



Notice of the annual general meeting

Notice is hereby given that the 15th annual general meeting of FirstRand shareholders will be held at the Auditorium, WesBank Offices, Enterprise Road, Fairland on Thursday, 1 December 2011 at 09h00 to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
04-Oct-2011
(Media Comment)
Business Day reported that FirstRand's dream of becoming the operator of the fifth-largest bank in Zambia was hanging by a thread after the government cancelled its purchase of a leading bank in that country. New Zambian leader Michael Sata has ordered his finance minister, Alexander Chikwanda, to cancel the sale of Finance Bank to FNB Zambia for USD5.4 million and return it to controlling owner Rajan Mahtani. FirstRand acquired the bank in September as part of the group's strategy to expand on the continent. But now Mr Sata has fired Zambia's central bank governor, who would have approved the sale. Mr Sata, who had already warned Chinese investors to comply with Zambian law or risk losing their licenses, claimed the sale was being cancelled because there was "no document of (the) sale". FNB CEO Michael Jordaan has denied that the purchase of the bank was irregular.
03-Oct-2011
(Official Notice)
FirstRand advised having received confirmation from the Registrar of Banks, of the appointment of Mrs Mary Sina Bomela to the board as a non-executive director with effect from 24 September 2011. Mrs Bomela joins the board as a shareholder representative of Mineworkers Investment Company, replacing Mr Paul Nkuna who resigned from the board on 31 July 2011.
26-Sep-2011
(Media Comment)
According to Business Day, Firstrand group non-executive chairman Laurie Dippenaar has ruled out acquisitions by the group in SA's banking sector, but sees opportunities for organic and acquisitive growth elsewhere in Africa and Asia. Mr Dippenaar also warned last week of "strong headwinds" buffeting SA as it feels the effects of economic and debt problems in the US and Europe. "There is no scope for acquisitions in SA (in the banking sector), and even if they were, we would get into regulatory challenges, "Mr Dippenaar said in a rare interview with Business Day. "We can still do acquisitions in Africa and we are interested in India."

14-Sep-2011
(Media Comment)
Business Report highlighted that FirstRand said it had enough cash for acquisitions and organic growth despite declaring a special dividend of 70c for the year to June. Group CEO Sizwe Nxasana said that FirstRand had enough for growth strategies. FirstRand's performance was boosted by an increase in normalised earnings. In addition to the special dividend, the ordinary dividend increased 27% to 81c from 64c.
13-Sep-2011
(C)
08-Sep-2011
(Official Notice)
Shareholders are reminded that as a result of the unbundling of the Momentum Group, which was effective 30 November 2010, a significant non- recurring gain arose as a dividend in specie to FirstRand shareholders at fair value in terms of IFRIC 17 Distributions of Non-Cash Assets to Owners.



Also as previously advised, the Group disposed of its 45% share in OUTsurance Holdings to Rand Merchant Insurance Holdings Limited. The gain on sale of this investment is excluded from headline earnings in terms of Circular 3/2009. These gains impact basic earnings per share, and in accordance with the Listing Requirements of the JSE Limited, shareholders are advised that basic earnings per share ("EPS") for the twelve months ended 30 June 2011 will increase by between 110% and 115% from the EPS of the previous corresponding reporting period.



These gains did not arise from the performance of the group's continuing operations, but from the unbundling of Momentum and the disposal of OUTsurance and therefore does not impact either headline or normalised earnings. The annual results for the twelve months ended 30 June 2011 will be released on SENS on or about 13 September 2011. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the group's external auditors.
04-Aug-2011
(Official Notice)
Shareholders are advised that the salient dates for the fourteenth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares") for the period 1 March 2011 to 29 August 2011 both days inclusive, in the amount of 305.162 cents per B preference share, will be as follows:

*Last day to trade -- Friday, 19 August 2011

*Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 22 August 2011

*Record date -- Friday, 26 August 2011

*Payment date of the B preference share dividend -- Monday, 29 August 2011
03-Aug-2011
(Official Notice)
Mr Aser Paul Nkuna, a shareholder representative of FirstRand empowerment partner, Mineworkers Investment Company ("MIC"), has indicated his intention to retire during 2012. He has therefore resigned as a non-executive director from the board of FirstRand with effect from 31 July 2011. A representative of MIC will replace Mr Nkuna once the necessary approval processes have been completed.
05-Jul-2011
(Official Notice)
21-Jun-2011
(Official Notice)
Further to the announcement released by FirstRand on 15 December 2010, shareholders are advised that the implementation of the sale by FirstRand of its 45% effective interest in OUTsurance Holdings Ltd ("OUTsurance") to Rand Merchant Insurance Holdings Ltd (the "sale") has been completed. The effective date of the sale is 4 May 2011. The agreed sale consideration of R 3 750 million for the 45% effective interest in OUTsurance was adjusted for, inter alia, an interim dividend payment and interest accrued on the sale consideration, resulting in a final sale consideration of R 3 640 million. FirstRand also sold the preference shares held by the FirstRand group in OUTsurance for a sale consideration of R401 million.
03-Jun-2011
(Official Notice)
FirstRand shareholders ("Shareholders") are referred to the announcement dated 14 April 2011 regarding discussions between FirstRand and Sterling Bank plc ("Sterling"). FirstRand would like to advise Shareholders that FirstRand and Sterling ("the Parties") have agreed to terminate discussions regarding the acquisition by FirstRand of a majority shareholding in Sterling as the Parties have been unable to agree mutually acceptable terms. FirstRand continues to believe that Nigeria is a key market for FirstRand's African expansion given the strong underlying growth prospects in the Nigerian financial services sector and will continue to evaluate options regarding the Company's entry into Nigeria.
14-Apr-2011
(Official Notice)
Shareholders of FirstRand are advised that, in line with its strategic intent to be the African financial services group of choice, FirstRand is considering potential acquisition opportunities in certain African countries which are expected to produce strong domestic growth and are well positioned to capture the trade and investment flows between Africa and Asia. In line with this strategy, FirstRand has entered into discussions with Sterling Bank plc ("Sterling") Nigeria which, if successfully concluded, will result in a subscription or acquisition by FirstRand of a majority shareholding in Sterling (the "proposed transaction").



Rationale

Nigeria is a key market for FirstRand's African expansion given the strong underlying growth prospects in the Nigerian financial services sector. FirstRand is interested in investing in a well established banking platform in Nigeria. Sterling has a national footprint in Nigeria with 99 branches nationwide and it passed the Central Bank of Nigeria's special audit of the Nigerian banking sector in 2009.



Conditions to the proposed transaction

Should the discussions progress to a binding offer, such offer will be subject to a number of conditions precedent including inter alias the approval by the South African Registrar of Banks and the Central Bank of Nigeria.



Further announcements

A further announcement will be made should the discussions either progress to a formal offer or terminate. While the proposed transaction is strategically significant, FirstRand does not believe that the proposed transaction, if successfully concluded, will have a material effect on the FirstRand share price.

14-Apr-2011
(Media Comment)
Business Day reported that Nigeria's Sterling Bank has confirmed that that FirstRand is considering investing in it. FirstRand wants to grow in Africa and has targeted Nigeria as a growth market. The bank is believed to be willing to spend up to USD400 million. FirstRand investor relations director, Sam Moss, declined to comment on the speculation.
17-Mar-2011
(Media Comment)
Business Report noted that FirstRand was in advanced talks to make an investment in Nigeria's Sterling Bank. Reuters reported that FirstRand was interested in entering Nigeria's market through a strategic alliance with a healthy local bank and spend as much USD400 million to fund any such deal.
09-Mar-2011
(Media Comment)
Business Day highlighted that Firstrand has brought the curtain down on the banking reporting season after CEO Sizwe Nxasana predicted it would continue to surprise investors with good results. Mr Nxasana reported on Firstrand's expansion in Africa. In addition to the improving results of FNB Africa, which operates in six markets in the region. The group is eyeing growth in several countries, these include Nigeria, Ghana, Tanzania and Angola.
08-Mar-2011
(Media Comment)
Business Day reported that FirstRand became the second banking group to fall foul of the JSE's listing rules when its shares were temporarily suspended in afternoon trading. This was after its half-year results to the end of December were published by Reuters a day earlier than planned. The group, which has been scheduled to release the results on the JSE's SENS news service on the morning of the 8th of March, said it did not know how the results were accessed by the news agency. A Reuters representative in the agency's editorial department said that it found the results posted on FirsRand's website. FirstRand group CEO Sizwe Nxasana said the incident was "very unfortunate" and that a full investigation was underway.
07-Mar-2011
(C)
Total income/net income from operations rose by 22% to R7.3 billion (R5.9 billion). Net attributable profit soared by more than 100% to R12.1 billion (R4.5 billion). In addition, headline earnings from continuous operations jumped by 18% to 86.4cps (73.5cps).



Dividend

An ordinary interim dividend of 35cps and preference dividend has been declared previously for the period to 31 December 2010.



Prospects

Given that the current South African economic environment is recovering at a very subdued rate, achieving material revenue growth in the medium term will remain challenging. However, although some potential regulatory risk exists with regards to the debt counselling process, the retail credit markets are expected to continue to improve and in the second half of the year this will provide support to the earnings of FNB and WesBank. Growth in retail advances will remain low as levels of consumer indebtedness are still at historic highs. Corporate balance sheets remain strong and have weathered the cycle well. However, given current levels of corporate capacity, investment opportunities will be limited and growth in corporate advances is expected to remain subdued.



In line with its strategy the group will continue to invest in its infrastructure in South Africa and grow its footprint and client franchise in other selected African markets. Given these investment strategies and the expected ongoing pressures on revenue growth, the group's operating franchises continue to focus on efficiencies. The group believes its franchises are well positioned to benefit from the improving cycle and deliver on the overall growth strategy.
02-Mar-2011
(Official Notice)
With reference to the SENS announcement released on 3 December 2010, as a result of the unbundling of the Momentum Group, which was effective 30 November 2010, a significant non-recurring gain arose as a dividend in specie to FirstRand shareholders at fair value in terms of IFRIC 17 Distributions of Non-Cash Assets to Owners. This gain impacts basic earnings per share, and in accordance with the Listing Requirements of the JSE Ltd, shareholders are advised that basic earnings per share ("EPS") for the six months ended 31 December 2010 will increase by between 260% and 270% from the EPS of the previous corresponding reporting period. This gain did not arise from the performance of the Group's continuing operations, but from the unbundling of Momentum and therefore does not impact either headline or normalised earnings. The interim results for the six months ended 31 December 2010 will be released on SENS on or about 8 March 2011.
03-Feb-2011
(Official Notice)
Shareholders are advised that the salient dates for the thirteenth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares"), in the amount of 313.545 cents per B preference share, will be as follows:

* Last day to trade on Friday, 18 February 2011

* Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 21 February 2011

* Record date on Friday, 25 February 2011

* Payment date of the B preference share dividend on Monday, 28 February 2011.



B preference share certificates may not be dematerialised or rematerialised between Monday, 21 February 2011 and Friday, 25 February 2011, both days inclusive. In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date. The effect of the aforementioned will be that the B preference share dividend will not be adjusted for any changes in the prime rate between the dividend declaration date and the dividend payment date.
01-Feb-2011
(Media Comment)
Business Day reported that FirstRand will explore opportunities to expand its presence in India where the government has decided to provide greater access for foreign-owned financial firms to its vast unbanked market. According to CEO Sizwe Nxasana said while it was still early days, he saw the possibility of FirstRand's operating units such as First National Bank and Wesbank benefiting from the opening up of the Indian market. The group already operates a unit called FirstRand India which is focused mostly on trade finance and commodities trading. India's finance ministry and the central bank have asked foreign banks to identify opportunities in the segment. India is pursuing a similar strategy to that of the South African government, which has challenged banks to expand into the unbanked market of about 13 million people.
21 Jan 2011 08:22:53
(Media Comment)
According to Business Report, FirstRand's FNB was growing at a steady rate, adding six new branches a month. FNB CE Michael Jordaan said the bank's mass Mzansi accounts for low-income earners were the main contributor to growth. FNB has also experienced a modest but consistent increase in staff numbers, from 26 062 people in 1988 to 28 500 employees in 2010.
15 Dec 2010 11:27:29
(Official Notice)
15 Dec 2010 11:13:32
(Official Notice)
06-Dec-2010
(Permanent)
FirstRand Ltd's historical share prices have been adjusted after the merger of Momentum with Metropolitan and the subsequent unbundling of the group's interest in the merged entity (MMI Holdings) on 6 December 2010. Ordinary shareholders received 16.8766 new shares in MMI Holdings for every 100 ordinary shares held at the unbundling record date.
03 Dec 2010 14:53:58
(Official Notice)
At the fourteenth annual general meeting of the shareholders of FirstRand held on Thursday, 2 December 2010 all of the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
03 Dec 2010 14:46:37
(Official Notice)
FirstRand Ltd's basic earnings per share for the six months ended 31 December 2010 are expected to improve by at least 20%. This is due to the significant gain arising from the unbundling of Momentum Group Ltd as a dividend in specie to its shareholders at fair value in terms of IFRIC 17 Distributions of Non-Cash Assets to Owners.



As a result of this fair value gain and in accordance with the JSE Limited ("JSE") Listing Requirements, the group is required to issue a trading statement. However, as it is quite early in the reporting period, FirstRand cannot with reasonable certainty, quantify the extent of the impact of the fair value gain resulting from the Momentum unbundling within the 20% range required by the JSE Listing Requirements.



Headline earnings per share are not impacted by this fair value gain as it is excluded from headline earnings in terms of Circular 03/09 Headline Earnings. It is anticipated that the group will provide a further update for the six months ended 31 December 2010 closer to the release of its interim results on or about 8 March 2011. The forecast financial information on which this trading statement is based has not been reviewed and reported on by FirstRand's external auditors.

18 Nov 2010 15:39:54
(Official Notice)
18 Nov 2010 08:57:58
(Media Comment)
Business Day indicated that FirstRand has declared its intention of becoming the African financial services group of choice. CEO Sizwe Nxasana says this will be achieved by dominating the South African market and competing on the continent where local and global rivals are also trawling for new opportunities. Mr Nxasana added that expanding in Africa remains key to the growth of FirstRand in the coming year, and the strategy was already gaining traction. Business plans in Nigeria, Zambia, Angola, and Tanzania are on track and China- Africa corridor strategy has resulted in a number of transactions and a healthy pipeline deal.
12 Nov 2010 10:43:40
(Official Notice)
10 Nov 2010 08:11:36
(Official Notice)
With regard to the audited results for the year ended 30 June 2010, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 10 November 2010 and posted on FirstRand's website (www.firstrand.co.za) on 12 November 2010 and contains no modifications to the audited results which were published on SENS on 14 September 2010.



Notice of the annual general meeting

Notice was given that the fourteenth annual general meeting of FirstRand shareholders will be held at 9:00 on Thursday, 2 December 2010, in the Auditorium, FNB Conference and Learning Centre, 114 Grayston Drive, Sandown, Sandton to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.
01 Nov 2010 08:00:42
(Official Notice)
Shareholders of FirstRand and Metropolitan are referred to the announcement released on SENS on 28 September 2010 wherein shareholders were advised that all the resolutions required to implement the merger of Metropolitan and Momentum (the "merger") and the subsequent unbundling by FirstRand of its entire holding of shares in Metropolitan (the "Unbundling") had been approved by Metropolitan and FirstRand shareholders, respectively. The merger and the unbundling are collectively hereinafter referred to as the "transaction".



Shareholders of FirstRand and Metropolitan are advised that certain procedural conditions precedent have not yet been fulfilled as some outstanding regulatory matters must still be finalised. Accordingly, FirstRand, Metropolitan and Momentum have agreed to extend the date for the fulfilment of the conditions precedent to 30 November 2010, whereafter a further announcement will be released.

28 Sep 2010 13:57:36
(Official Notice)
22 Sep 2010 13:07:17
(Official Notice)
15 Sep 2010 09:56:09
(Media Comment)
Business Report noted FirstRand CE, Sizwe Nxasana's, comment that the group would carefully consider a "sensible offer" from a foreign bank. However, Nxasana added that FirstRand had not been approached by any foreign bank or approached one itself. There was speculation that Citigroup was interested in FirstRand, but this has now ended due the US bank's financial troubles. However, China Construction Bank ("CCB") could still be a contender and FirstRand has a strategic co-operation deal with CCB in Africa.
14 Sep 2010 08:15:15
(C)
Interest and similar income declined by 25% to R38.8 billion (R51.7 billion). However, income from operations rose by 28% to R37.6 billion (R29.3 billion) and net attributable profit jumped by 45% to R9.4 billion (R6.5 billion). In addition, headline earnings per share grew by 35% to 180.1cps (133.3cps).



Dividend

A final ordinary dividend of 43cps has been declared.



Outlook

The South African external economic environment looks to have stabilised and whilst revenue growth in the medium term will remain challenging, the retail credit environment is expected to continue to improve. Bad debts will further unwind, which will provide support to the current earnings recovery in the group's retail franchises, however growth in retail advances will remain extremely low as levels of consumer indebtedness are still at historic highs. Corporate balance sheets remain strong and have weathered the cycle well, however in the current environment investment opportunities are limited and therefore growth in corporate advances will remain subdued. The group continues to invest in its infrastructure in South Africa, particularly where significant growth opportunities have been identified, and is growing its footprint and client franchise in other selected African markets. Notwithstanding these investment strategies, given the anticipated pressures on topline growth, the group's operating franchises continue to concentrate on cost efficiency. The combination of the current growth strategy and the quality of its underlying client franchises will allow the group to take full advantage of any major improvements in the cycle.
26 Aug 2010 12:31:56
(Official Notice)
25 Aug 2010 08:05:21
(Media Comment)
According to Business Day, analysts have questioned whether FirstRand can continue to go it alone and whether the group might also want to have a big-name foreign bank behind it. Analysts say FirstRand has three options:

*to remain locally owned;

*to agree to a minority investment by a foreign bank; or

*to go the same route as Nedbank and Absa and have a foreign bank with global reach acquire a majority stake in the group.



However, CEO Sizwe Nxasana, said he did not agree that FirstRand could not survive on its own. The group intends to continue expanding in Africa and will unlock value by splitting into separate insurance and banking entities.
05 Aug 2010 12:10:17
(Media Comment)
According to the Financial Mail, FirstRand is a logical choice for a foreign shareholder, with little foreign shareholding in its mix. The group will also look more attractive now that Momentum is going to be unbundled. RMBH COO, Peter Cooper, says the creation of RMBH Banking and the streamlining of FirstRand should definitely attract more interest from international portfolio investors. Cooper also added that if there was a bid for ownership of FirstRand, RMB Holdings Ltd ("RMBH") would take its obligations very seriously as it is the major shareholder in FirstRand. Chris Steward, head of financials at Investec Asset Management, commented that he would encourage foreign banks to wait for the Momentum unbundling and then to look at FirstRand as an alternative to Nedbank Group Ltd.
05 Aug 2010 09:59:13
(Official Notice)
Shareholders are advised that the salient dates for dividend number twelve on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares"), in the amount of 354.997 cents per B preference share, will be as follows:

*Last day to trade "cum" the B preference share dividend -- Friday, 20 August 2010

*Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 23 August 2010

*Record date -- Friday, 27 August 2010

*Payment date of the B preference share dividend -- Monday, 30 August 2010



B preference share certificates may not be dematerialised or rematerialised between Monday, 23 August 2010 and Friday, 27 August 2010, both days inclusive. In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date. The effect of the aforementioned will be that the B preference share dividend will not be adjusted for any changes in the prime rate between the dividend declaration date and the dividend payment date. Preference shareholders are reminded that B preference shares (FSRP) now include the preference shares that were previously designated as B1 preference shares (FSPP).
02 Aug 2010 17:36:49
(Official Notice)
Further to the joint cautionary announcements released on SENS on 31 March 2010, 17 May 2010 and 15 June 2010 regarding the proposed merger of Metropolitan Holdings Ltd ("Metropolitan") and Momentum, shareholders of FirstRand and Metropolitan are advised that discussions relating to the merger have not yet been finalised. Shareholders are accordingly advised to continue exercising caution when dealing in FirstRand and Metropolitan shares until a further announcement is made.
01 Jul 2010 16:55:51
(Official Notice)
Mr DJA Craig, Mrs G Moloi and Mr KC Shubane have resigned as non-executive directors from the board of FirstRand Ltd with effect from 1 July 2010. Mr JJH Bester, Mr WR Jardine and Mrs EG Matenge-Sebesho have been appointed as non-executive directors to the board of FirstRand Ltd with effect from 1 July 2010.
24 Jun 2010 11:36:53
(Media Comment)
Business Day reported that, FNB expects to grow its cellphone banking business in Africa and steal a march on competitors as it develops a cost-effective delivery channel to reach mainstream customers. FirstRand CEO Sizwe Nxasana said it did not need a rocket scientist to realise that cellphone penetration and growth rates in Africa were exceeding the pace at which banks were penetrating markets, particularly the mainstream market.
23 Jun 2010 08:56:34
(Media Comment)
Business Day reported that FirstRand was not necessarily going after size through its international expansion but wanted to focus on developing profitable and sustainable businesses. CEO Sizwe Nxasana said that FirstRand will be methodical in its expansion and would consolidate gains made in identified markets before moving to the next opportunity.
15 Jun 2010 12:01:47
(Official Notice)
Shareholders are referred to the cautionary announcements dated 31 March 2010 and 17 May 2010 wherein shareholders of FirstRand and Metropolitan were advised of the proposed merger and that the due diligence investigations and regulatory approval processes were still underway. The due diligence investigation and negotiations are progressing well and will be completed shortly following which an announcement containing further details about the proposed merger will be released. Shareholders are accordingly advised to continue to exercise caution when dealing in FirstRand and Metropolitan shares until the aforementioned announcement is made.
10 Jun 2010 11:11:40
(Official Notice)
When announcing results for the six month period to December 2009, FirstRand indicated to shareholders that the group expected its operating environment to remain challenging for the remainder of the financial year to June 2010. As expected, revenue from banking activities remained under pressure. Net interest income in particular continued to be subdued as a result of low levels of borrowing due to the continued high indebtedness levels amongst retail customers. Corporate lending also remained at relatively low levels. Although decreasing interest rates have provided some relief to households, the negative endowment income on deposits and capital has been significant.



Bad debts have continued to reduce in line with expectations. The group previously indicated to shareholders a credit loss ratio range of 140bps to 150bps for the year to June 2010 (compared to 181bps in the year to June 2009) and now expects to report at the bottom end of this range. As a result of the improvement in bad debts; WesBank's earnings have recovered strongly, the losses at FNB Homeloans are reducing significantly and FNB Card has returned to profitability. The Equity Trading division of RMB division will be profitable for the twelve months to June 2010, representing a significant turnaround from the losses of R782 million incurred in the comparative year.



Momentum Group Ltd ("Momentum") has benefited from an improvement in equity markets and a strong performance from FNB Life. The recently announced listing of Life Healthcare Group Holdings Ltd ("Life Healthcare") has resulted in RMB and Momentum disposing of their respective shareholdings. The RMB shareholding represented an investment by its private equity division and this realisation will result in a net profit of approximately R800 million which will be included in the normalised earnings of FirstRand. The Momentum shareholding is held in policyholder portfolios, and as such will have no direct impact on group earnings. The table below shows the guidance for the increase in the group's earnings per share ("EPS"), headline earnings per share ("HEPS") and diluted normalised EPS for the year to June 2010.
01 Jun 2010 10:44:54
(Official Notice)
In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Mr Bruce William Unser, currently company secretary of FirstRand Bank Holdings Limited, has been appointed company secretary of FirstRand Limited following the retirement of Mr Adrian Herbert Arnott as company secretary, with effect from 1 June 2010.
18 May 2010 14:30:48
(Official Notice)
17 May 2010 09:09:21
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 31 March 2010 and in the press on 1 April 2010 wherein shareholders of FirstRand and Metropolitan were advised that FirstRand, Metropolitan and Momentum have reached an agreement for the merger of Momentum and Metropolitan ("proposed merger"), which transaction may have a material effect on FirstRand and Metropolitan shares. The due diligence investigations and regulatory approval processes are still underway and shareholders are accordingly advised to continue to exercise caution when dealing in FirstRand and Metropolitan shares until further announcements in this regard are made.
08 Apr 2010 15:40:27
(Official Notice)
31 Mar 2010 09:03:45
(Official Notice)
09 Mar 2010 08:24:30
(C)
Net interest income after impairment of advances increased slightly to R9.3 billion (R9.2 billion) and income from operations was up by 19% to R21.3 billion (R17.9 billion). Net income attributable to ordinary shareholders rose by 5% to R4.5 billion (R4.3 billion). However, headline earnings on a per share basis fell by 2% to 85.5cps (87.6cps).



Dividend

An ordinary interim dividend of 34cps has been declared. A preference share dividend of 342.3c was declared on 27 January 2010.



Outlook

The anticipated modest growth in the South African economy will be driven mainly by further investment by government and some improvement in consumption levels. Whilst this will not drive significant growth in advances, as levels of consumer indebtedness are still at historic highs, FirstRand does expect this increased economic activity to benefit its banking franchises. Some risks remain in the corporate sector, however balance sheets have proved to be extremely resilient in this cycle. Whilst significant defaults are unlikely, business volumes overall will remain subdued. The recovery in equity markets is expected to continue to benefit Momentum. However, given that the recovery appears to be gradual, pressure on disposable income will remain. The group's balance sheet remains robust from both a capital and funding perspective which will allow the operating franchises to continue to take advantage of an improving cycle.
27 Jan 2010 10:03:12
(Official Notice)
Shareholders are advised that the salient dates for the eleventh dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares"), in the amount of 342.329 cents per B preference share, will be as follows:

* Last day to trade: Friday, 12 February 2010

* Shares commence trading "ex" the B preference share dividend from the commencement of business on: Monday, 15 February 2010

* Record date: Friday, 19 February 2010

* Payment date of the B preference share dividend: Monday, 22 February 2010

* B preference share certificates may not be dematerialised or rematerialised between Monday, 15 February 2010 and Friday, 19 February 2010, both days inclusive.



In the event that there is a change to the prime rate between the B preference share dividend declaration date ("the dividend declaration date") and the B preference share dividend payment date ("the dividend payment date"), the prevailing prime rate at the dividend declaration date will be applied from the dividend declaration date to the dividend payment date. The effect of the aforementioned will be that the B preference share dividend will not be adjusted for any changes in the prime rate between the dividend declaration date and the dividend payment date. Preference shareholders are reminded that B preference shares (FSRP) now include the preference shares that were previously designated as B1 preference shares.
12 Jan 2010 08:09:44
(Media Comment)
Business Day reported that FirstRand is interested in buying one of Nigeria's nine failed banks that the country's central bank rescued in 2009. Interested banks were required by the Nigerian Central bank to register their interest in the troubled banks by mid-December 2008. FirstRand MD, Sizwe Nxasana, said the group did register an interest, but could not mention the name of the bank.
23 Dec 2009 15:01:25
(Official Notice)
Shareholders are referred to the announcement released on SENS on 25 November 2009 regarding the results of the annual general meeting and salient dates for the re-designation of the B1 preference shares as B preference shares ("the re- designation"). The special resolution relating to the re-designation has been registered with the Companies and Intellectual Property Registration Office ("CIPRO") and therefore the dates relating to the re-designation are confirmed to be as follows:

*Last date to trade in B1 preference shares to be eligible for the proposed re-designation on Thursday, 31 December 2009

*B1 preference shares suspended on the JSE from commencement of trading on Monday, 4 January 2009

*Commencement of trading of the re- designated B preference shares under ISIN ZAE000060141 (Share code: FSRP) on Monday, 4 January 2009

*Form of surrender to be submitted by no later than 12:00 on Friday, 8 January 2009

*Record date for the proposed re-designation on Friday, 8 January 2009

*B preference share certificates posted to B1 preference shareholders who hold their shares in certificated form (provided that old share certificate/s have been surrendered to the transfer secretaries by 12:00 on record date) on Monday, 11 January 2009

*B preference shares credited to dematerialised B1 preference shareholders accounts held at their CSDP or broker and share balances updated on Monday, 11 January 2009

*Listing of B1 preference shares on the JSE terminated at commencement of trading on Monday, 11 January 2009
07 Dec 2009 08:56:17
(Media Comment)
Business Report highlighted concerns regarding FirstRand's expansion into Africa. The head of Sanlam Investment Management Global, Kokkie Kooyman, expressed concern over the lack of quality assets available for acquisition, regulatory issues in some of the markets, and the sourcing of talent to carry out company operations. Despite these issues, Sizwe Nxasana, chief executive- designate and Sam Ross, director of business relations at FirstRand, are confident in the company's primary entry strategy into new African territories.
26 Nov 2009 11:48:27
(Official Notice)
FirstRand advised of the retirement of Dr F van Zyl Slabbert as an independent non-executive director with effect from 25 November 2009.
25 Nov 2009 18:20:26
(Official Notice)
30 Oct 2009 14:56:59
(Official Notice)
With regard to the audited results for the year ended 30 June 2009, shareholders are advised that the annual financial statements will be distributed to shareholders on or about 2 November 2009 and contain no modifications to the audited results which were published on SENS on 15 September 2009.



Notice of the annual general meeting

Notice is hereby given that the twelfth annual general meeting of FirstRand shareholders will be held at 9:00 on Wednesday, 25 November 2009, in the Auditorium, WesBank Offices, Enterprise Road, Fairlands to transact the business as stated in the annual general meeting notice forming part of the annual financial statements.



Shareholders and other interested parties are advised that the annual financial statements in respect of the year ended 30 June 2009 will be available on the FirstRand website (www.firstrand.co.za) on 5 November 2009.
22 Sep 2009 13:41:07
(Official Notice)
15 Sep 2009 08:33:43
(C)
05 Aug 2009 11:06:55
(Official Notice)
Shareholders are advised that the salient dates for the tenth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares"), in the amount of 423.09 cents per B preference share, will be as follows:

*Last day to trade -- Friday, 21 August 2009

*Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 24 August 2009

*Record date -- Friday, 28 August 2009

*Payment date of the B preference share dividend -- Monday, 31 August 2009
05 Aug 2009 11:04:02
(Official Notice)
Shareholders are advised that the salient dates for the ninth dividend declaration on the variable rate non-cumulative, non-redeemable B1 preference shares in FirstRand ("B1 preference shares"), in the amount of 423.09 cents per B1 preference share, will be as follows:

*Last day to trade -- Friday, 21 August 2009

*Shares commence trading "ex" the B1 preference share dividend from the commencement of business on Monday, 24 August 2009

*Record date -- Friday, 28 August 2009

*Payment date of the B1 preference share dividend -- Monday, 31 August 2009
31 Jul 2009 12:28:57
(Media Comment)
Business Report noted that FirstRand has entered into a partnership with China Construction Bank ("CCB"). The agreement aims to help both companies win investment, corporate and project finance deals in Africa.
24 Jul 2009 11:58:08
(Media Comment)
Finweek reported that FirstRand's life assurance subsidiary, Momentum, is going out of its way to raise its public profile, leading to speculation it could be seeking to break away from the group. If it did, Momentum would be following in the footsteps of Discovery Holdings Ltd, which also split away from controlling shareholder FirstRand. However, FirstRand's new COO, Johan Burger, denied that the group has any plans to unbundle Momentum. In addition, Momentum sees growth opportunities by piggybacking on fellow FirstRand subsidiary, First National Bank's, planned African expansion and CEO Nicolaas Kruger said he is happy to remain part of the broader group and just wants to garner more visibility for Momentum.
02 Jul 2009 08:16:58
(Media Comment)
FirstRand CEO-designate, Sizwe Nxasana, says that the group's new business model will not dent the company's character. Sizwe believes that "the whole of FirstRand is enthused by the new strategy ... we will retain the owner-manager culture, and continue driving entrepreneurship." However Sanlam Investment Management banks analyst, Patrice Rassou, said in the Financial Mail that the group is "taking on less risk, especially in the areas where they used to be strong: trading activities." The concern is that FirstRand will lose its entrepreneurial culture if there is stronger central management.
23 Jun 2009 08:12:10
(Official Notice)
09 Jun 2009 12:12:17
(Official Notice)
Sizwe Nxasana, CEO of FirstRand Bank Ltd, will succeed Paul Harris by also becoming CEO of FirstRand Ltd when, as previously indicated, Harris retires on 31 December 2009. FirstRand also announced that Johan Burger has been appointed chief operating officer of FirstRand with immediate effect. He will retain his position as financial director of FirstRand.
19 May 2009 14:40:48
(Media Comment)
Business Day noted that FirstRand has become the first African bank obtain a banking licence in India. The CE of FirstRand's banking division, Sizwe Nxasana commented that although starting a new business was always challenging, FirstRand saw more "opportunities than challenges" and that India had the potential to make a sizeable contribution to the group over time.
19 Mar 2009 09:25:50
(Media Comment)
According to the Financial Mail, FirstRand, which was once the golden boy of banking stocks, is now the weakest of the big four banks. FirstRand's interim results to December 2008, highlighted a number of big losses: R219 million from Rand Merchant Bank ("RMB") as a result of the Dealstream collapse, R798 million at RMB's equities trading division, and a R555 million hit from betting on Japanese property and Indian stocks.



Observers, including an unnamed bank analyst, says FirstRand lost its shine by making mistakes in the worst times, whereas Sanlam Investment Management Global's veteran bank analyst, Kokkie Kooyman, commented that RMB became too aggressive in some areas. In addition, Kooyman, is not alone when he pointed out that the group's decentralised structure "may have led to top management becoming too removed from what was happening on the ground".

Nevertheless, Kooyman still believes that ultimately the market has it wrong, and that FirstRand will come bouncing back. The group is also possibly in a transition phase, with CEO Paul Harris due to step down in December 2009. This may weaken its "owner-manager" culture, as Harris is one of the three founders and largest shareholders in the group.
18 Mar 2009 08:21:04
(Media Comment)
According to Business Report, FirstRand and Old Mutual plc will be among the largest losers when the Public Investment Corporation switches R90 billion to black-owned money managers in April 2009. FirstRand CE, Paul Harris, has said that its RMB Asset Management unit will lose as much as R20 billion in assets.
10 Mar 2009 11:29:33
(C)
03 Feb 2009 09:45:01
(Media Comment)
According to Finweek, FirstRand subsidiary OUTsurance's decision to enter the Australian short-term insurance market has led people to ask if the company will succeed in Australia where others have failed. OUTsurance's decision to set up a business in Australia, comes soon after the withdrawal from that country of another FirstRand subsidiary, WesBank. However, FirstRand is betting that OUTsurance will have a better chance at making it. OUTsurance intends to use the internet as its primary delivery platform in Australia, unlike in South Africa where it relies on call centres. The company also plans to give cash bank to those who don't claim, as it does locally. OUTsurance CEO Willem Roos expects to break even within four years.
30 Jan 2009 14:03:08
(Official Notice)
Shareholders are advised that the salient dates for the ninth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("B preference shares"), in the amount of 518.940 cents per B preference share, will be as follows:

Last day to trade - Friday, 13 February 2009

Shares commence trading "ex" the B preference share dividend from the commencement of business on - Monday, 16 February 2009

Record date - Friday, 20 February 2009

Payment date of the B preference share dividend - Monday, 23 February 2009

30 Jan 2009 13:44:55
(Official Notice)
Shareholders are advised that the salient dates for the eighth dividend declaration on the variable rate non-cumulative, non-redeemable B1 preference shares in FirstRand, in the amount of 518.940 cents per B1 preference share, will be as follows:

Last day to trade - Friday, 13 February 2009

Shares commence trading "ex" the B1 preference share dividend from the commencement of business on - Monday, 16 February 2009

Record date - Friday, 20 February 2009

Payment date of the B1 preference share dividend - Monday, 23 February 2009

20 Jan 2009 09:12:23
(Media Comment)
Business Report noted that FirstRand has been granted a banking licence in Zambia. Michael Jordaan, the CE of FirstRand's banking unit, First National Bank, said that the bank planned to open its doors in the country later in 2009.
09 Dec 2008 09:52:25
(Media Comment)
Finweek reported that for the first time since its inception, pressure is building on FirstRand to change its business strategy. The group's decentralised business model is now been criticised and its risk processes have come under scrutiny since massive trading losses were revealed at RMB. Citigroup analyst Henry Hall commented that FirstRand has lost its way and needs to find a new strategy. Hall says that a "new strategic direction is needed".
04 Dec 2008 16:18:03
(Official Notice)
Mr GT Ferreira has retired as chairman and a director and has been replaced as chairman by Mr Laurie Dippenaar with effect from 28 November 2008. The following new appointments to the board are advised Dr Jan Hendrik van Greuning (Independent Non-Executive Director), Mr Deepak Premnarayen (Non-Executive Director), Mr Johannes Petrus Burger (Financial Director), Mr Visser is the Chief Executive Officer of Remgro Limited where he has worked since 1980. The appointments of Messrs van Greuning, Premnarayen and Burger are effective from 1 January 2009 while the appointment of Mr Visser is effective from 1 April 2009.
03 Dec 2008 09:15:15
(Official Notice)
RMB Corporate Finance is authorised to announce that FirstRand has issued a further 111 471 ordinary shares as a result of the final conversion of preference shares under the FirstRand Outperformance Share Incentive Scheme. The JSE Ltd has granted a listing of the 111 471 additional ordinary shares in the capital of FirstRand with effect from Tuesday 2 December 2008. These new FirstRand ordinary shares arise from the conversion of redeemable, convertible preference shares previously issued by the company to selected staff members under the outperformance scheme. Under the scheme, incentive shares accrue to participants in terms of a formula based on the level of out- performance achieved by the FirstRand ordinary share price relative to the Fini 15 Index. This index forms part of the "FTSE-JSE Africa Index Series" administered by the JSE and is composed of the fifteen largest listed financial services organisations in South Africa. As such, the index reflects the share price performance of FirstRand's peer group. This issue is the last in terms of the scheme which was started in October 2002 and is now ended.
02 Dec 2008 09:16:27
(Official Notice)
27 Nov 2008 12:11:30
(Official Notice)
At the eleventh annual general meeting of the shareholders of FirstRand held on 27 November 2008, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office ("CIPRO") in due course.
26 Nov 2008 16:51:38
(Official Notice)
FirstRand announced that EB Nieuwoudt has resigned as CEO of its insurance subsidiary the Momentum Group and Nicolaas Kruger, currently the CFO of Momentum, has been appointed as his replacement effective 1 January 2009.
03 Nov 2008 12:11:23
(Official Notice)
With regard to the audited results for the year ended 30 June 2008, shareholders are advised that the annual financial statements will be available on the company's website (www.firstrand.co.za) on Tuesday, 4 November 2008.
30 Oct 2008 08:51:31
(Media Comment)
Business Report noted that as part of FirstRand's international strategy, Rand Merchant Bank ("RMB") was looking to expand its physical presence in a few select African countries. RMB recently acted as a co-advisor on a Nigerian toll road.
09 Oct 2008 09:42:17
(Official Notice)
25 Sep 2008 09:34:57
(Media Comment)
The Financial Mail reported that rating agency Fitch downgraded FirstRand Bank's long-term foreign currency credit rating from A- to BBB+. Even though banking registrar Errol Kruger criticised Fitch's timing amid global financial turmoil, FirstRand shrugged off the announcement by climbing 6.1% on the day of its release. The lower rating was caused by FirstRand's disappointing year-end results and was attacked by Kruger for been based on information that was already largely out of date.
16 Sep 2008 08:56:53
(C)
FirstRand`s diverse portfolio of banking businesses provided some protection from the difficulties in the trading portfolios, but the size of the trading losses combined with the significant increases in retail bad debts resulted in the group?s continuing operations (pro forma) earnings declining 8% to R10.4 billion, with a normalised return on equity ("ROE") of 22%. The Banking Group reported a 13% reduction in normalised earnings from R10.1 billion to R8.8 billion and a ROE of 20%. The Momentum Group increased normalised earnings 20% from R1.7 billion to R2 billion and delivered an excellent ROE of 30%. The performance of the Momentum Group reflects the remarkable resilience of the business given the difficult trading environment. This is a result of Momentum`s strong market position with the high end customer. In addition, its conservative capital management strategy immunises Momentum against volatility in equity markets. EPS was reported at 204.2c and HEPS at 187.9c.



Dividend

A final ordinary cash dividend of 38.25cps was declared for the period.



Prospects

Looking forward, it is expected that credit market conditions will continue to be challenging. Factors such as the impact of the recent electricity price changes and the new municipal rate structures currently being introduced will add to consumers` cash flow pressures. Further increases in arrears, non performing loans and impairment charges for bad debts are forecast for the aggregate credit portfolio. The group believes that given the current uncertain market conditions it would not be appropriate to provide short and medium term earnings growth targets until stability returns to the macro environment and financial markets. The board, however, remains committed to delivering superior real returns to shareholders over the longer term.
12 Sep 2008 12:33:26
(Official Notice)
FirstRand advises the following changes to the board:

Retirements with effect from 11 September 2008:

* Denis Martin Falck (non-executive director)

* Robert Albert Williams (independent non-executive director)

Appointment with effect from 16 September 2008:

* Leon Crouse (non-executive director)
02 Sep 2008 11:22:39
(Official Notice)
This voluntary trading update follows the previous update issued by FirstRand on 30 May 2008. In that update the group highlighted to shareholders that the deteriorating macro conditions, both domestically and globally, would result in a more challenging operating environment for its banking businesses. At the time, the group stated that, to the year to June 2008, bad debt levels in its retail portfolios were trending up rapidly and bad debts in total would be between 130 and 145bps, this remains unchanged but is expected to be at the lower end of the range.



WesBank has decided to write down in the current year all the operating assets associated with the exit from its lending businesses in Australia. This, combined with a further increase in its bad debt levels has resulted in a further reduction in WesBank's earnings. The group still expects the net result from the planned sale of Worldmark to largely off-set the losses incurred from its Australian investments but the full extent will only be reflected in the financial year to June 2009.



The group also decided to accelerate the process of de-risking and scaling back Rand Merchant Bank's (RMB) international equity portfolio, given the worsening market conditions. This resulted in a further write-down of the carrying values of certain assets.



These additional write-downs were not anticipated at the time of the issue of the 30 May 2008 trading update. In addition, certain private equity disposals, that were expected to receive approval from the Competition Tribunal in the year to June 2008, were only finalised in July 2008. As a result the anticipated earnings from these disposals are not included in RMB's June 2008 results. The above issues have further negatively impacted the group's earnings for the financial year to 30 June 2008. Accordingly shareholders are advised that FirstRand's 2008 actual earnings per share (2007 - 222.9cps: R11.5 billion), actual headline earnings per share (2007 - 210.2cps: R10.8 billion) and diluted pro forma normalised earnings per share, following the unbundling of Discovery (2007 - 200.6cps: R11.3 billion) are all expected to be lower than the previous year, but by not more than 10%.
14 Aug 2008 09:10:12
(Media Comment)
The Financial Mail reported that banking registrar Errol Kruger is not taking rumours of FirstRand facing a looming bad debt crunch lightly. However Kruger said that he has spoken to FirstRand and can say that "there's no problem with them reneging on their loans, and their debts are in line with other banks". Part of the speculation arose after subsidiary First National Bank ("FNB") wrote to 2 600 customers saying that it would "reassess" or withdraw home loans it had recently granted. FNB CEO Michael Jordaan also says there is no problem and has defended the bank's actions, even though none of its competitors have acted in the same way. One theory suggests that the bank is now aware of bad debts and the effect they will have on FirstRand's interim results, and is trying to limit the damage.
04 Aug 2008 08:33:07
(Media Comment)
Business Day noted that the CEO of FirstRand's Rand Merchant Bank subsidiary, Michael Pfaff, has decided to step down "in the near future". Pfaff said that "we have seen through this crisis", but "we still haven't announced who my successor will be".
01 Aug 2008 12:00:28
(Official Notice)
Shareholders are advised that the salient dates for the eighth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand (B preference shares), in the amount of 511.3 cents per B preference share, will be as follows:

*Last day to trade Friday, 15 August 2008

*Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 18 August 2008

*Record date Friday, 22 August 2008

*Payment date of the B preference share dividend Monday, 25 August 2008
08 Jul 2008 07:46:01
(Media Comment)
According to Business Report, FirstRand is investigating growth opportunities in India and Brazil. CE Paul Harris said the group would like to establish "greenfields" operations in the two countries. Spokesman Sam Moss added that subsidiary WesBank was looking at asset finance opportunities in Brazil.
30 May 2008 13:09:23
(Official Notice)
The Group indicated at the announcement of its interim results that its revised estimate for bad debts for the year to June 2008 would be between 120 and 130 basis points, which was predicated on unchanged interest rates for the remainder of the financial year. The interest rate increase in April will now result in a further 10 to 15 bps increase on the base case estimate, with a revised range of 130 to 145bps for the year. This deterioration is in line with the portfolio bad debt sensitivity analysis previously presented and was anticipated across all retail portfolios.



Details of FirstRand`s results for the financial year ended 30 June 2008 are expected to be released on SENS and published in the press on or about 16 September 2008.
30 May 2008 12:24:27
(Official Notice)
Mr Kgotso Schoeman has been appointed to the board of FirstRand as a non-executive director with effect from 29 May 2008. He replaces Mr Yunus Mahomed who died on 6 January 2008.
30 May 2008 12:20:28
(Official Notice)
In terms of Pillar 3 under Basel II, the banking group is required to disclose quantitative information on its capital adequacy ratios on a quarterly basis. The consolidated capital position of the banking group at the end of the first quarter is set out below.

March 2008

*Total primary capital (Tier 1); R38 921m; 10.9%

*Total secondary capital (Tier 2); R7 510m; 2.1%

*Total regulatory capital; R46 431m; 13.0%

Total capital requirement in terms of Basel II R34 773m
21 May 2008 10:59:53
(Official Notice)
FirstRand has issued a further 812 442 ordinary shares as a result of a conversion of preference shares under the FirstRand Outperformance Share Incentive Scheme. The JSE has granted a listing of the 812 442 additional ordinary shares in the capital of FirstRand with effect from Wednesday, 21 May, 2008.
07 Apr 2008 07:59:56
(Media Comment)
Business Day noted that FirstRand has denied reports that the group plans to dispose of a 20% stake in FNB to China Development Bank. FirstRand's shares rose 3.56% to R17.45 on Friday, 4 April 2007, on the news before closing at R16.93.
03 Apr 2008 11:12:11
(Official Notice)
FirstRand confirms that it has received a pre-tax gain of USD123 million from its shareholding in Visa Inc following the issue of shares to FNB, a division of FirstRand Bank (the Bank) as part of VISA`s recent IPO on the New York Stock Exchange. The gain represents USD69 million from the sale of 56% of the Bank`s total shareholding and USD54 million is the fair value of the remaining portion, within which the Bank remains locked for a 3 year period.
04 Mar 2008 09:34:45
(C)
For the six months to 31 December 2007 the FirstRand Group grew pro forma normalised earnings 12% and achieved a pro forma normalised return on equity of 26%. FirstRand Banking Group contributed 10% growth in earnings from R4.8 billion to R5.3 billion and an ROE of 27% with the Momentum Group increasing earnings 19% from R768 million to R913 million and an ROE of 31%. For the first time since its formation the banking group?s performance did not exceed the group?s targeted earnings growth of 10% above inflation, although the ROE at 27% continued to exceed its targeted ROE of 10% above the weighted average cost of capital. Momentum delivered ahead of both targets. The performance of the group?s banking operations was impacted by:

* increased levels of consumer indebtedness which pushed bad debts to much higher levels than previously experienced (particularly in WesBank, HomeLoans and Card); and

* losses in the investment bank?s Equity Trading Division, as well as the high base achieved by RMB in the previous period.



Dividends

An ordinary cash dividend of 44.25 cents was declared for the period under review.



Prospects

The group anticipates that, given the continuing volatility in global and local capital markets, combined with rising inflation and interest rates, the second half of the financial year will continue to represent a challenging operating environment. Consumer spending and credit extension is expected to slow further, and bad debts could also continue to increase. The corporate sector is expected to remain resilient due to anticipated public sector investment combined with private fixed investment, however, trading activities may continue to be impacted by market turmoil and uncertainty. Against this background, the group remains cautious regarding earnings prospects for the year to June 2008.
22 Feb 2008 16:36:40
(Official Notice)
Ms Tandi Nzimande is appointed to the board of FirstRand as a non-executive director with effect from 28 February 2008. Ms Nzimande replaces Ms Sonja Sebotsa who resigned as a director on 31 December 2007.
13 Feb 2008 12:51:04
(Media Comment)
Finweek reported that losses at RMB's trading desk of R750 million paled in comparison with market speculation that losses were in the region of R750 million. This was the reason that investors breathed a sigh of relief, even though the loss amounted to more than half of the R1.4 billion in trading profits that was made in 2006. However, the losses would have a negative effect on FirstRand's earnings.
01 Feb 2008 13:44:01
(Official Notice)
On a pro-forma basis, FirstRand's normalised earnings (94.3cps), following the unbundling of Discovery, are expected to grow between 9% and 14% for the six month period to 31 December 2007.



First National Bank continues to show strong organic growth particularly benefiting from its position in the corporate and commercial segments. Vehicle and asset finance is a cyclical, interest rate sensitive business and therefore WesBank's earnings have been negatively impacted by the slower asset growth and higher bad debts characteristic of the current cycle. Rand Merchant Bank's (RMB) earnings are expected to increase between 5% and 10% over the comparative period, despite the previous high base created in the six months to December 2006 when RMB's profits increased by 75%. This good performance is due to the diverse nature of RMB's portfolio of businesses, with the Private Equity, Investment Banking and Treasury divisions showing strong growth for the period. The Equity Trading division was not immune to dislocations in the international equity markets and incurred losses of approximately R750 million before tax. These losses were incurred within the bank's risk management framework and have not impacted the overall profitability of RMB and FirstRand.



None of the group's banking businesses have been directly impacted by the sub-prime issues in the global capital markets. The group's insurance subsidiary, Momentum, will show a satisfactory increase in earnings.
01 Feb 2008 10:47:09
(Official Notice)
Shareholders are advised that the salient dates for the sixth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand, in the amount of 477.770 cents per B1 preference share, will be as follows:

*Last day to trade Friday, 15 February 2008

*Shares commence trading "ex" the B1 preference share dividend from the commencement of business on Monday, 18 February 2008

*Record date Friday, 22 February 2008

Payment date of the B1 preference share dividend Monday, 25 February 2008

B1 Preference share certificates may not be dematerialised or rematerialised between Monday, 18 February 2008 and Friday, 22 February 2008, both days inclusive.
01 Feb 2008 10:44:50
(Official Notice)
Shareholders are advised that the salient dates for the seventh dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand, in the amount of 477.770 cents per B preference share, will be as follows:

*Last day to trade Friday, 15 February 2008

*Shares commence trading "ex" the B preference share dividend from the commencement of business on Monday, 18 February 2008

*Record date Friday, 22 February 2008

*Payment date of the B preference share dividend Monday, 25 February 2008

B Preference share certificates may not be dematerialised or rematerialised between Monday, 18 February 2008 and Friday, 22 February 2008, both days inclusive.
03 Aug 2006 09:12:39
(Official Notice)
Shareholders are advised that the salient dates for the third dividend declaration in respect of the variable rate non-cumulative, non-redeemable B1 preference shares in FirstRand ("B1 preference shares"), in the amount of 363c per preference share, will be as follows:

*Last day to trade Friday, 18 August 2006

*Shares commence trading "ex" the preference share dividend from the commencement of business on Monday, 21 August 2006

*Record date Friday, 25 August 2006

*Payment date of the preference share dividend Monday, 28 August 2006
03 Aug 2006 09:10:01
(Official Notice)
Shareholders are advised that the salient dates for the fourth dividend declaration on the variable rate non-cumulative, non-redeemable B preference shares in FirstRand ("preference shares"), in the amount of 363c per preference share, will be as follows:

*Last day to trade Friday, 18 August 2006

*Shares commence trading "ex" the preference share dividend from the commencement of business on Monday, 21 August 2006

*Record date Friday, 25 August 2006

*Payment date of the preference share dividend Monday, 28 August 2006

28 Jul 2006 08:57:27
(Media Comment)
Fitch has downgraded FirstRand's outlook. Rising interest rates affecting non-performing loans was the reason for the downgrade.
26 Jul 2006 09:00:09
(Media Comment)
Business Day noted that FirstRand is to open an office in the United Arab Emirates. The group received regulatory approval and planed to expand into commodity and project finance.
05 Jul 2006 10:34:36
(Media Comment)
FirstRand was judged as the number one company ranked by net profit in a Financial Mail publication, Top Companies 2006.
19 Jun 2006 09:51:16
(Official Notice)
First National Bank ("FNB"), a division of FirstRand Bank, a wholly owned subsidiary of FirstRand, today announced that it will refund those ex-Saambou customers who were over charged interest on their home loans prior to the acquisition of the Saambou home loans book by FNB in 2002. FNB will pay out a total of R154 million to the 50 000 ex-Saambou customers affected. This pay-out will have no impact on the FirstRand financial results for the year-ended 30 June 2006 as it has been covered in terms of warranties put in place when the transaction was completed.
04 May 2006 16:25:12
(Official Notice)
FirstRand regards private equity to be a core component of its investment banking business. Accordingly, FirstRand does not agree with the interpretation by the Accounting Practices Committee ("APC") with respect to equity accounted private equity investments. FirstRand believes that the interpretation contradicts the intention in calculating headline earnings, which exclude profits and losses on disposal of businesses, in the context of a private equity business. It should also be noted the APC and SAICA are currently researching the usefulness of headline earnings as a measure of a company's performance and its relevance in the light of the increased emphasis which accounting standards place on fair value. The new interpretation will impact headline earnings and headline earnings per share going forward. It does not impact on the group's normalised headline earnings or normalised headline earnings per share. In addition to the disclosure of headline earnings as required by SAICA, FirstRand will continue to disclose normalised headline earnings and normalised headline earnings per share information, which includes the profits or losses on disposal of private equity investments. FirstRand will continue with its policy of using normalised headline earnings as the basis for dividend payments.
20 Apr 2006 15:02:24
(Official Notice)
Momentum, a wholly owned subsidiary of FirstRand, today announced that it is issuing a subordinated unsecured bond. The bond issue of R1 billion was three times oversubscribed and will be issued at 70 basis points above the benchmark risk free interest rate. The proceeds of the bond issue will qualify as regulatory capital. The bond issue forms part of Momentum's capital management strategy to diversify capital sources and reduce the cost of capital. The bond is due on 15 March 2020 and will be callable by Momentum from 15 September 2015. The coupon rate will be fixed at 8.5% payable semi-annually up to 15 March 2015. Thereafter the coupon will become floating at three month JIBAR plus 180% of the credit spread at issue, payable quarterly.
05 Apr 2006 15:09:00
(Official Notice)
FirstRand has issued a further 19 088 035 ordinary shares as a result of a conversion of preference shares under the FirstRand Out-performance Share Incentive Scheme. The JSE has granted a listing of the 19 088 035 additional ordinary shares in the capital of FirstRand with effect from Wednesday, 5 April 2006.



These new FirstRand ordinary shares arise from the conversion of redeemable, convertible preference shares previously issued by the company to selected staff members under the out-performance scheme. The rules of the out-performance scheme were approved by FirstRand's shareholders and are incorporated in its Articles of Association.



Under the scheme, incentive shares accrue to participants in terms of a formula based on the level of out-performance achieved by the FirstRand ordinary share price relative to the Fini 15 Index. This index forms part of the "FTSE-JSE Africa Index Series" administered by the JSE and is composed of the fifteen largest listed financial services organisations in South Africa. As such, the index reflects the share price performance of FirstRand's peer group. For the bulk of the preference shares that now fall due for conversion, the performance measurement period was from end June 1999 to end December 2005. In this period, the weighted average FirstRand share price increased by 171% while the Fini 15 Index grew by 67%. In the context of FirstRand's market capitalisation, the out-performance value that was created for shareholders (relative to their Fini 15 peers) amounted to some R37 billion, relative to FirstRand's market capitalisation at end December 2005 of R96 billion. Of this value, approximately 1% accrued to the participants and resulted in 19.1 million FirstRand shares being awarded to them. It is these FirstRand shares that are now being listed on the JSE.
28 Feb 2006 11:18:16
(C)
23 Feb 2006 16:44:16
(Official Notice)
Mr Sizwe Errol Nxasana has been appointed as a director of FirstRand, with effect from 22 February 2006. Mr Nxasana is the Chief Executive Officer of FirstRand Bank Holdings and FirstRand Bank, a position he assumed on 1 January 2006.
14 Feb 2006 14:00:22
(Official Notice)
The salient dates for the second dividend declaration in respect of the non-cumulative, variable rate non-redeemable B1 preference shares in FirstRand ("B1 preference shares"), in the amount of 356 cents per B1 preference share, will be as follows:

*Last day to trade Friday, 17 February 2006

*Shares commence trading "ex" the B1 preference share dividend from the commencement of business on Monday, 20 February 2006

*Payment date of the B1 preference share dividend Monday, 27 February 2006
14 Feb 2006 13:58:06
(Official Notice)
The salient dates for the third dividend declaration on the non-cumulative, variable rate non-redeemable B preference shares in FirstRand, in the amount of 356c per preference share, will be as follows:

*Last day to trade Friday, 17 February 2006

*Shares commence trading "ex" the preference share dividend from the commencement of business on Monday, 20 February 2006

*Payment date of the preference share Monday, 27 February 2006 dividend
13 Feb 2006 10:43:31
(Media Comment)
Business Day noted, on 13 February 2006, that FirstRand Bank had borrowed USD320 million from 16 foreign banks. The loan was part of general funding requirements.
13 Dec 2005 14:13:13
(Official Notice)
Momentum refers to the respective press announcements of the Minister of Finance and the LOA issued on Monday 12 December 2005, regarding the intention to implement minimum standards on early termination values on savings and retirement annuity products. The cost to Momentum of the improvement in values, both retrospectively and prospectively, is estimated to be between R225 million and R250 million (before tax), which includes an allowance for implementation costs. These amounts include the estimated impact of Sage Life policies, but exclude any earnings benefit arising from the Sage acquisition. An amount of R100 million has already been provided towards an improvement in early termination values in Momentum's results for the year ended 30 June 2005. The incremental cost of between R125 million and R150 million will be provided for in the six-month period to 31 December 2005. The incremental cost represents approximately 0.8% of Momentum's embedded value, comprising Momentum's published embedded value at 30 June 2005, plus that of Sage Group published at 31 December 2004. On the assumption that the additional provision was provided for from earnings at 30 June 2005, Momentum's headline earnings would have decreased by between 7.3% and 8.8%. On the same basis the impact on FirstRand Ltd would have been a reduction in headline earnings of between 1.2% and 1.4%. The information set out in this announcement is based on estimates and has not been subject to review or audit by the auditors of FirstRand.
02 Dec 2005 12:33:26
(D)
25 Nov 2005 17:10:55
(2)
22 Nov 2005 17:15:01
(Official Notice)
At the annual general meeting of FirstRand held on 22 November 2005, the requisite majority of shareholders approved all the ordinary and special resolutions proposed at the meeting.
21 Nov 2005 14:47:11
(Official Notice)
Fitch Ratings has, on 21 November 2005, assigned Momentum Group Ltd, a wholly-owned subsidiary of FirstRand, a National Insurer Financial Strength Rating of `AA+(zaf)" and a National Long-term rating of `AA(zaf)". The Outlooks for both ratings are Stable. Fitch believes that Momentum's capitalisation level is strong; the published statutory capital adequacy requirement (CAR) cover was 2.2x at YE05, up from 2.0x at YE04. Following the acquisition of Sage Group and the issue of perpetual preference shares, Fitch expects CAR cover to remain within the target range of 1.8x to 2.0x.
31 Oct 2005 16:40:06
(Official Notice)
With regard to the audited results for the year ended 30 June 2005, shareholders are advised that the annual financial statements have been posted to shareholders today, 31 October 2005 and contain no modifications to the audited results which were released on SENS on 20 September 2005. The eighth annual general meeting of FirstRand shareholders will be held at 09:00 on Tuesday 22 November 2005 in the auditorium, FNB Training Centre, Grayston Drive, Sandton.
26 Oct 2005 13:04:23
(Official Notice)
FirstRand, on 26 October 05, issued R1billion Subordinated Unsecured Callable Bonds, through its wholly-owned subsidiary FirstRand Bank Ltd, FirstRand Bank Ltd Subordinated Unsecured Callable Bonds (TIER II) - FRB03, under their Domestic Medium-term Note Programme dated 24 February 2004. The bonds will be immobilised in the Central Securities Depository ("CSD") and settlement will take place electronically in terms of BESA Rules. All transactions effective during the period of pre-issued trading will settle on the same terms as all other transactions in listed financial instruments. These bonds qualify as Tier II Capital and the proceeds will be utilised to fund the strong advances growth experienced by WesBank and FNB Homeloans. The group believes that this debt capital is an efficient means to fund this growth.
27 Sep 2005 12:58:21
(Media Comment)
According to Business Day, FNB has launched a new account that aims to provide Muslim customers with full service transactional banking. FNB aims to tap into the USD200bn worldwide market by basing its services on the Islamic sharia code. The code prevents Muslims from receiving or paying interest on their money and in order to accommodate this principle, customers are made shareholders of the WesBank Islamic Vehicle Finance business. Customers would therefore earn dividends based on the performance of the business instead of interest on their bank balances.

21 Sep 2005 12:37:15
(Media Comment)
Momentum told Business Report that it would launch a short-term insurance offering in January 2006, following a new insurance license that had been awarded to the company. Momentum Short Term Insurance as it will be known, will offer personal and commercial insurance products to clients who prefer to work through a broker.

20 Sep 2005 09:55:21
(C)
15 Sep 2005 10:26:10
(Official Notice)
12 Sep 2005 11:26:30
(Official Notice)
FirstRand was expecting a foreign currency translation loss for the year (refer to the trading statement on SENS of 3 June 2005). However the actual rand:USD rate at 30 June 2004 has resulted in a foreign currency translation profit for the year. In the comparative period in 2004 the group incurred a foreign currency translation loss of R370 million. The group`s headline earnings per share (which includes foreign currency translation gains or losses) and fully diluted headline earnings per share for the financial year ending 30 June 2005 are expected to exceed the comparative period by between 25% to 35% as opposed to between 20% and 25% as reported. Attributable earnings will exceed that of the corresponding reporting period by between 35% and 45% as opposed to between 25% and 30%. Included in the attributable earnings is a transfer from currency translation reserves of R346 million arising from the disposal of Ansbacher Holdings Ltd. This amount is excluded from the calculation of headline earnings.

10 Aug 2005 16:07:05
(Official Notice)
FirstRand shareholders and other interested parties are advised that FirstRand has been able to fulfil the minimum spread requirement of 50 public preference shareholders, excluding employees and their associates. Consequently, the outstanding condition precedent in respect of the listing of 15 000 000 variable rate non-cumulative non-redeemable B1 preference shares (`B1 preference shares`) on the JSE has been fulfilled. Accordingly, the listing of the B1 preference shares will commence at 09:00 on Thursday 11 August 2005 under the abbreviated name FR B1PREF and share code FSPP.
10 Aug 2005 13:28:05
(Official Notice)
Momentum has agreed to sell its 34% shareholding in African Life to Sanlam at a price of R882m which represents R22.50 per share. In a separate transaction Momentum also announced that they have made an offer to acquire African Life Health (ALH) from African Life for R175m. Hillie Meyer, managing director of Momentum commented: `We have indicated over the last two years that we are sellers of our stake in African Life. We are very satisfied with the transactions we concluded and believe this has resulted in an attractive outcome for all shareholders`.



When asked why Momentum wanted to sell its shareholding in African Life, Meyer said that Momentum operates in the upper income market in South Africa and that within the FirstRand group there are other opportunities to reach the middle and lower end of the market. `Momentum is currently involved in such an initiative with FNB, so strategically it is just the best move for us` Meyer commented. `The acquisition of ALH is complimentary to our current strategy and positioning in the health industry,` said Meyer. `ALH has a footprint in market segments where Momentum would like to have a presence, for example local governments, the emerging market as well as Africa`. With this transaction Momentum will entrench its position as a significant player in the health industry and maximise economies of scale by servicing various health market segments. Peter Botha, MD of ALH said that Momentum and ALH share a strategic vision of consolidating the market and growth by acquisition. `This is a win-win deal for both parties concerned. Momentum gives ALH access to a large capital base and ALH gives Momentum access to new market segments. Our clients can look forward to become part of one of the most innovative and successful companies in the market and have access to its range of products` said Botha.



The acquisition of ALH will more than double the number of principal members under Momentum`s administration from 105 000 to more than 240 000. Both transactions are subject to regulatory approvals, including that of the Competition Commission.
04 Aug 2005 10:07:56
(Official Notice)
15 Jul 2005 16:53:17
(Official Notice)
In reaction to the on-going media speculation, FirstRand wishes to inform shareholders that the group is not engaged in talks with US based Citigroup. As consistently stated FirstRand confirms that, from time to time, it has discussions with international banks. Discussions that warrant formal notification to shareholders will be dealt with appropriately.
15 Jul 2005 11:00:04
(Media Comment)
Laurie Dippenaar, chief executive officer of FirstRand, confirmed that the group was in talks with international bankers including Citigroup, HSBC and Standard Chartered. An analyst told Business Day that he doubted whether Standard Chartered would purchase the group citing its acquisition in Korea as a drawback.
13 Jul 2005 09:46:41
(Media Comment)
Business Day said that FirstRand`s share price rose 4.71% on 12 July 05 on reaction to a report that Citigroup may offer to purchase First National Bank.
13 Jun 2005 11:48:56
(Official Notice)
Following consultation with the South African Reserve Bank, FirstRand has discontinued the practice of off-setting certain advances in DI Reports. This change will affect, in particular, the amounts relating to individual deposit accounts and credit card advances reflected in Section DI 900 with effect from April 2005. The result of this change is that the amounts reflected in the DI reports for each of the above two categories will increase by approximately R1bn. This is a reporting change, which will impact on market share statistics but has no impact on earnings per share.
06 Jun 2005 09:36:24
(Media Comment)
Commenting on an invitation by FirstRand to international banks to discuss a tie-up Laurie Dippenaar, chief executive of the banking group, told Business Report, `We will consider a tie-up if it will make us a better bank and it increases shareholder value. It must make business sense. We have an open mind about this.`

03 Jun 2005 09:17:43
(Official Notice)
FirstRand shareholders are advised that the group`s headline earnings per share (which includes translation gains or losses) and fully diluted headline earnings per share for the financial year ending 30 June 2005 are expected to exceed the comparative period by between 20% and 25%.

This is due to the following primary reasons:

*FirstRand`s businesses are benefiting from the favourable operating environment for financial services;

*The significant currency translation loss (R370 million), incurred during the 2004 financial year, is not expected to re-occur in the 2005 financial year given the current rand:US dollar exchange rate.

FirstRand has previously announced that it had disposed of its wholly-owned subsidiary, Ansbacher Holdings Ltd. Included in the attributable earnings is a transfer from currency translation reserves of R396 million arising from this disposal. This amount is excluded from the calculation of headline earnings. As a consequence, attributable earnings will exceed that of the corresponding reporting period by between 25% and 30%. The financial information on which this trading statement is based has not been reviewed and reported on by the company`s auditors. The full details of the financial results will be released on SENS on 20 September 2005.
25 Sep 2003 11:28:17
(Permanent)
The introduction of AC133 and the change in accounting policies to consolidate share trusts, means that the results for 2003 are not comparable with 2002. Investors are referred to the FirstRand website.
13-Sep-2016
(X)
FirstRand Ltd.provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers through its portfolio of marketleading franchises; First National Bank (FNB), the retail and commercial bank, Rand Merchant Bank (RMB), the corporate and investment bank, WesBank, an instalment finance provider, and Ashburton Investments, the Group?s recently established investment management business.



The Group is predominantly South African based, it has subsidiaries in Namibia, Botswana, Zambia, Mozambique, Tanzania, Nigeria, Swaziland and Lesotho. FirstRand Bank has branches in India and the United Kingdom, and representative offices in Dubai, Kenya, Angola and China.


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