FIRSTRAND BANK LIMITED - FRS101 - Notification of the partial capital reduction and accrued interest payment of listed debt securities

FRS101 - Notification of the 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 THE PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF
LISTED DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 60 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the partial capital
reduction and accrued interest payment of the FRS101 notes.

Bond code:                                                        FRS101
ISIN:                                                             ZAG000111774
Nominal amount before reduction:                                  ZAR 20 000 000.00
Reduction of nominal amount:                                      ZAR 891 000.00
Nominal amount after reduction:                                   ZAR 19 109 000.00
Settlement / redemption amount:                                   ZAR 1 133 058.00
Pay date of the repurchase and accrued interest:                  9 November 2022
Effective date of the reduction in nominal amount:                9 November 2022

Accrued interest amount:                                          ZAR 9 318.00, included in the settlement
                                                                  amount
Annualised interest rate:                                         2.250%
Interest rate for the period:                                     1.125%
Reference CPI:                                                    105.8533
Base CPI:                                                         62.5025
Applicable formula:                                               (Aggregate Nominal Amount x CPI
                                                                  Adjustment x Interest Rate) / 2, all
                                                                  definitions used in this calculation are as per
                                                                  the pricing supplement
URL:                                                              https://www.firstrand.co.za/investors/debt-
                                                                  investor-centre/jse-listed-instruments/

This partial reduction is due to the repurchase of the listed debt securities by the Issuer, in accordance with the
terms and conditions of the FRS101 notes.



8 November 2022

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

Date: 08-11-2022 11:12:00
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