FIRSTRAND LIMITED - Quarterly disclosure on Basel III Capital Adequacy

Quarterly disclosure on Basel III Capital Adequacy

FirstRand Limited
(Incorporated in South Africa)
(Registration number 1966/010753/06)
JSE Ordinary Share Code: FSR
JSE ISIN: ZAE000066304
JSE B Preference Share Code: FSRP
JSE ISIN: ZAE000060141
NSX Ordinary Share Code: FST
(FirstRand or the Company)

QUARTERLY DISCLOSURE ON BASEL III CAPITAL ADEQUACY

FirstRand is a registered bank controlling company, therefore it
is required in terms of Regulation 43 of the revised Regulations
of the Banks Act, 1990 (Act No. 94 of 1990) to disclose
quantitative information on its capital adequacy ratios on a
quarterly basis (Pillar 3 of the Basel Accord). The consolidated
capital position of FirstRand is set out below.

                                        Basel III       Basel 2.5
                                        March 2013      December 2012
                                        Rm       %      Rm       %
Common Equity Tier 1 capital
Ordinary share capital and premium      5 411           5 442
Qualifying reserves                     61 653          56 489
Non-controlling interests               2 385           2 705
Regulatory deductions against Common
Equity Tier 1 capital                   (1 506)         (3 260)
Total Common Equity Tier 1 capital      67 943          61 376

Total Additional Tier 1 capital         4 263           4 119

Total Tier 1 capital                    72 206          65 495

Tier 2 capital
Upper Tier 2 and Subordinated debt      7 363           8 228
instruments
Other qualifying reserves               191             201
Regulatory deductions against Tier 2
capital                                 -               (883)
Total Tier 2 capital                    7 554           7 546

Total qualifying capital and reserves   79 760          73 041

Minimum capital requirement per risk
type:
Credit Risk                             34 538          32 007
Operational Risk                        7 015           7 011
Market Risk                             918             1 253
Equity Investment Risk                  3 516           4 000
Other assets                            2 936           2 316
Total minimum capital requirement       48 923          46 587
Common Equity Tier 1 capital adequacy
ratio (%)                                        13.2              12.5
Tier 1 capital adequacy ratio (%)                14.0              13.4
Total capital adequacy ratio (%)                 15.5              14.9

Notes:
   - The figures above have not been reviewed and reported on by
     the Company’s external auditors.
   - Qualifying reserves exclude any unappropriated profits.
   - The minimum capital requirement excludes any bank specific
     individual capital requirement (ICR or Pillar 2b add-on).

Sandton
29 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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