FIRSTRAND BANK LIMITED - FRPT01 - Notification of the Settlement of the FRPT01 Notes

FRPT01 - Notification of the Settlement of the FRPT01 Notes

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code debt issuer: FRD
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: FRPT01
ISIN: ZAE000205480
(FRB)


NOTIFICATION OF THE SETTLEMENT OF THE FRPT01 NOTES


SETTLEMENT OF THE FRPT01 NOTES

Noteholders are advised that the settlement of the FRPT01 notes, issued under the
ZAR30 000 000 000.00 Note Programme dated 29 November 2011, as amended from time to time, will
consist of a capital payment that will be determined in accordance with the following formula:

Pay-Out = (NPt/NPo x (1 + FFS/365)^365t) x N

         Where:
         NPt: Arithmetic average of the Fund Unit NAV on the 10 Exchange Business Days prior to the
         Maturity Date (Final NAV);
         NPo: Fund Unit NAV of R134.785;
         FFS: 150 bps;
         t: Time period between the Issue Date and the Maturity Date;
         N: Nominal Amount per Note,
all capitalised terms used in this formula are as per the FRPT01 applicable pricing supplement, (the
settlement amount).

The settlement amount will be determined on Wednesday, 10 June 2020 and a further announcement
confirming such amount will be released by 11h00 on the same date on the JSE Limited (JSE) Stock
Exchange News Service (SENS).


SALIENT DATES

The salient dates surrounding the settlement of the FRPT01 notes are as follows:

Capital Payment Event                                                                       Date
Last day to trade in the FRPT01 notes:                                      Tuesday, 2 June 2020
FRPT01 securities suspended on the JSE trading system:                    Wednesday, 3 June 2020
Record date to receive the settlement amount:                                Friday, 5 June 2020
Maturity date of the FRPT01 notes:                                          Tuesday, 9 June 2020
Final NAV announced on SENS by 11h00 on:                                 Wednesday, 10 June 2020
Payment of the settlement amount:                                         Thursday, 11 June 2020
Termination of listing of the FRPT01 notes on the JSE:                      Friday, 12 June 2020



For further information on the settlement of the FRPT01 notes, please contact:
Ettienne van Wyk
+27 11 269 9607


18 May 2020

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

Date: 18-05-2020 11:00:00
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