FIRSTRAND BANK LIMITED - FRS101 - Notification of Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRS101 - Notification of Partial 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
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS101            ISIN: ZAG000111774
(FRB)

NOTIFICATION OF PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT 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 partial capital
reductions and accrued interest payments of the FRS101 notes.


Bond code:                                                    FRS101
ISIN:                                                         ZAG000111774
Nominal amount before reduction:                              R 19 109 000.00
Reduction of nominal amount:                                  R 9 750 000.00
Nominal amount after reduction:                               R 9 359 000.00
Settlement / redemption amount:                               R 11 276 793.67
Accrued interest amount:                                      R 37 705.94, included in the settlement
                                                              amount
Annualised interest rate:                                     2.250%
Interest rate for the period:                                 1.125%
Base CPI:                                                     62.5024697
Reference CPI:                                                115.0117758
Pay/settlement date of the redemption:                        5 March 2024
Effective date of the reduction in nominal amount:            8 March 2024
Record date (for purposes of STRATE):                         7 March 2024
Applicable formula:                                           (Aggregate Nominal Amount x CPI
                                                              Adjustment x Interest Rate) / 2, all definitions
                                                              used in this calculation as per the pricing
                                                              supplement
URL:                                                          https://www.firstrand.co.za/investors/debt-
                                                              investor-centre/jse-listed-instruments/

This reduction is due to the repurchase of the notes by FRB in accordance with the terms and conditions of
the notes.


6 March 2024

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

Date: 06-03-2024 10:20:00
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