FIRSTRAND BANK LIMITED - FRC256 FRC259 FRC260 - Notification of the Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRC256 FRC259 FRC260 - Notification of the Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC256       ISIN: ZAG000145806
Bond code: FRC259       ISIN: ZAG000147414
Bond code: FRC260       ISIN: ZAG000147596
(FRB)


NOTIFICATION OF THE CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED DEBT
SECURITIES

NOTIFICATION OF A FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, as amended and updated from time to time, bondholders are herewith advised of the full
capital reduction of the FRC259 notes.

Bond code:                                                        FRC259
ISIN:                                                             ZAG000147414

Nominal amount before reduction:                                  ZAR 50 000 000.00
Reduction of nominal amount:                                      ZAR 50 000 000.00
Nominal amount after reduction:                                   ZAR 0.00
Settlement / redemption amount:                                   ZAR 52 475 056.00
Pay date pursuant to the repurchase:                              11 July 2019
Effective date of the partial capital reduction:                  11 July 2019

Accrued interest amount:                                          ZAR 320 237.08, included in the settlement
                                                                  amount
Annualised interest rate:                                         3.337%
Interest period:                                                  6 May 2019 to 10 July 2019
Interest rate for the relevant interest period:                   0.6034%
Base CPI:                                                         103.0161290
Reference CPI:                                                    109.345160
Calculation of interest amount:                                   (Aggregate Nominal Amount x CPI
                                                                  Adjustment x Interest Rate) / 2, all definitions
                                                                  used in this calculation as per the pricing
                                                                  supplement

URL to the pricing supplement: https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx

The full capital reduction is due to the repurchase of the listed debt securities by FRB.


NOTIFICATION OF A FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, as amended and updated from time to time, bondholders are herewith advised of the full
capital reduction of the FRC260 notes.

Bond code:                                                        FRC260
ISIN:                                                             ZAG000147596

Nominal amount before reduction:                                  ZAR 50 000 000.00
Reduction of nominal amount:                                      ZAR 50 000 000.00
Nominal amount after reduction:                                   ZAR 0.00
Settlement / redemption amount:                                   ZAR 53 356 717.00
Pay date pursuant to the repurchase:                              11 July 2019
Effective date of the partial capital reduction:                  11 July 2019

Accrued interest amount:                                          ZAR 674 206.93, included in the settlement
                                                                  amount
Annualised interest rate:                                         3.455%
Interest period:                                                  27 February 2019 to 10 July 2019
Interest rate for the relevant interest period:                   1.2684%
Base CPI:                                                         103.083871
Reference CPI:                                                    109.58571
Calculation of interest amount:                                   (Aggregate Nominal Amount x CPI
                                                                  Adjustment x Interest Rate) / 2, all definitions
                                                                  used in this calculation as per the pricing
                                                                  supplement

URL to the pricing supplement: https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx

The full capital reduction is due to the repurchase of the listed debt securities by FRB.


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, as amended and updated from time to time, bondholders are herewith advised of the partial
capital reduction of the FRC256 notes.


Bond code:                                                         FRC256
ISIN:                                                              ZAG000145806
Amount before reduction:                                           ZAR 25 500 000.00
Reduction amount:                                                  ZAR 1 500 000.00
Amount after reduction:                                            ZAR 24 000 000.00
Pay date pursuant to the amortisation:                             17 July 2019
Effective date of the partial capital reduction:                   17 July 2019

The partial capital reduction is due to the amortisation of the listed debt securities by FRB.



10 July 2019

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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