FIRSTRAND LIMITED - Quarterly disclosure on Basel III capital adequacy

Quarterly disclosure on Basel III capital adequacy

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

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code: BIFR1
(FRB or the Bank)

QUARTERLY DISCLOSURE ON BASEL III CAPITAL ADEQUACY

In terms of Regulation 43 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 FirstRand Group and the
Bank at 30 September 2013 are set out below.

                                             FSR             FRB

                                                 Rm           Rm
Common Equity Tier 1 capital
Ordinary share capital and premium           5 764          15 308
Qualifying reserves                         66 611          36 571
Non-controlling interests                      688               -
Regulatory deductions                      (1 770)           (514)
Total Common Equity Tier 1 capital          71 293          51 365

Total Additional Tier 1 capital              5 602           2 700

Total Tier 1 capital                        76 895          54 065

Tier 2 capital
Tier 2 instruments                           7 340          6 856
Other qualifying reserves                      259             22
Regulatory deductions                            -          (158)

Total Tier 2 capital                         7 599           6 720

Total qualifying capital and reserves       84 494          60 785
Minimum capital requirement per risk
type:
Credit risk                                 33 785          29 318
Counterparty credit risk                     1 024             990
Operational risk                             7 906           6 125
Market risk                                    974             838
Equity investment risk                       3 906           1 037
Other assets                                 2 813           1 817
Total minimum capital requirement           50 408          40 125

Common Equity Tier 1 capital adequacy
ratio (%)                                     13.4            12.2
Tier 1 capital adequacy ratio (%)             14.5            12.8
Total capital adequacy ratio (%)              15.9            14.4

Notes:
   - The figures above have not been reviewed and reported on by
     the Group’s external auditors.
   - Qualifying reserves exclude any unappropriated profits.
   - The minimum capital requirement excludes any bank-specific
     individual capital requirement.

Sandton
25 November 2013

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

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