FIRSTRAND BANK LIMITED - FRII - Notification of Full Capital Reductions and Accrued Interest Payments of Listed Debt Securities

FRII - Notification of Full Capital Reductions and Accrued Interest Payments of Listed Debt Securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS81        ISIN: ZAG000100892
Bond code: FRS122       ISIN: ZAG000121062
Bond code: FRS134       ISIN: ZAG000126574
(FRB)

NOTIFICATION OF FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENTS OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB's R 60 000 000 000 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the full capital
reductions and accrued interest payments of the FRS81, FRS122 and FRS134 notes.


Bond code:                                              FRS81
ISIN:                                                   ZAG000100892
Nominal amount before reduction:                        R 20 000 000.00
Reduction of nominal amount:                            R 20 000 000.00
Nominal amount after reduction:                         R 0.00
Settlement / redemption amount:                         R 19 544 223.00
Accrued interest amount:                                R 270 423.08, included in the settlement
                                                        amount
Annualised interest rate:                               2.250%
Interest rate for the period:                           1.125%
Base CPI:                                               63.13
Reference CPI:                                          112.88

Bond code:                                              FRS122
ISIN:                                                   ZAG000121062
Nominal amount before reduction:                        R 5 000 000.00
Reduction of nominal amount:                            R 5 000 000.00
Nominal amount after reduction:                         R 0.00
Settlement / redemption amount:                         R 8 356 672.00
Accrued interest amount:                                R 15 165.79, included in the settlement amount
Annualised interest rate:                               2.000%
Interest rate for the period:                           1.000%
Base CPI:                                               62.50
Reference CPI:                                          115.01

Bond code:                                              FRS134
ISIN:                                                   ZAG000126574
Nominal amount before reduction:                        R 10 000 000.00
Reduction of nominal amount:                            R 10 000 000.00
Nominal amount after reduction:                         R 0.00
Settlement / redemption amount:                         R 10 585 123.00
Accrued interest amount:                                R 34 123.02, included in the settlement amount
Annualised interest rate:                               2.250%
Interest rate for the period:                           1.125%
Base CPI:                                               62.50
Reference CPI:                                          115.01


Pay date of the redemption:                             1 March 2024
Effective date of the reduction in nominal amount:      1 March 2024
Record date:                                            29 February 2024
Applicable formula:                                     (Aggregate Nominal Amount x CPI
                                                        Adjustment x Interest Rate) / 2, all definitions
                                                        used in this calculation as per the pricing
                                                        supplements
URL:                                                    https://www.firstrand.co.za/investors/debt-
                                                        investor-centre/jse-listed-instruments/

The full capital reductions are due to the early redemption of the listed debt securities of FRB in accordance
with the terms and conditions of the notes.


20 February 2024

Debt Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 20-02-2024 09:55:00
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