FIRSTRAND BANK LIMITED - FRC251 - Notice to FRC251 Noteholders in respect of a Reference Obligation Early Redemption Event

FRC251 - Notice to FRC251 Noteholders in respect of a Reference Obligation Early Redemption Event

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC251
ISIN: ZAG000141813
(FRB or the Issuer)


NOTICE TO FRC251 NOTEHOLDERS IN RESPECT OF A REFERENCE OBLIGATION EARLY
REDEMPTION EVENT

This notice is delivered by FirstRand Bank Limited to each holder (collectively, the noteholders) of the
FRC251 notes (the notes), issued under the ZAR30,000,000,000 Note Programme dated 29 November
2011, as amended and/or supplemented from time to time, (the programme) in respect of a Reference
Obligation Early Redemption Event, pursuant to paragraph 29(e) of the FRC251 applicable pricing
supplement dated 26 January 2017 (the pricing supplement) and condition 22.1 of the programme.

Unless otherwise defined, words and expressions used in this notice will bear the same meanings as
in the programme, read with the pricing supplement for the notes.

Noteholders are referred to the announcement released on the JSE Limited Stock Exchange News
Service (SENS) on 1 October 2021 by MTN Group Limited (MTN group), in respect of the early
redemption of the US$500,000,000 principal amount of 5.373% guaranteed notes (the guaranteed
notes) by MTN (Mauritius) Investments Limited (MTN Mauritius). The investor notice released by MTN
Mauritius is available on the MTN group website at www.mtn.co.za.

As a result of the early redemption of the reference obligation, FRB hereby gives notice to the
noteholders of the early full capital redemption of the notes, in accordance with paragraph 29(e) of the
pricing supplement and the terms and conditions of the programme. The early redemption date will be
Monday, 8 November 2021.

Bond code:                                                       FRC251
ISIN:                                                            ZAG000141813
Nominal amount before reduction:                                 ZAR 52 000 000.00
Reduction in nominal amount:                                     ZAR 52 000 000.00
Nominal amount after reduction:                                  ZAR 0.00
Record date:                                                     Friday, 5 November 2021
Pay date/early redemption date:                                  Monday, 8 November 2021

The settlement/early redemption and accrued interest payment amounts will be provided once
determined and a further SENS announcement released in this regard.

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

This notice is also being delivered to the CSD, for dissemination by them to the Participants and
noteholders, in accordance with condition 22.1 of the programme.


29 October 2021

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

Date: 29-10-2021 10:36:00
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