FIRSTRAND BANK LIMITED - FRS298 - Notification of a Partial Capital Reduction of Listed Debt Securities

FRS298 - Notification of a Partial Capital Reduction 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: FRS298       ISIN: ZAG000185679
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES


In accordance with the terms and conditions of FRB’s R60 000 000 000.00 note programme dated 29
November 2011, as amended or supplemented from time to time, noteholders are herewith advised of the
partial capital reduction of the FRS298 notes (the notes).

Bond code:                                                     FRS298
ISIN:                                                          ZAG000185679
Nominal amount before reduction:                               R115 000 000.00
Reduction in nominal amount:                                   R57 500 000.00
Nominal amount after reduction:                                R57 500 000.00
Settlement / redemption amount:                                R64 941 070.00, as determined in
                                                               accordance with line item 35 of the pricing
                                                               supplement
Pay date/early redemption date:                                29 September 2023
Record date (for STRATE purposes):                             28 September 2023
Effective date of reduction:                                   2 October 2023


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



28 September 2023

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

Date: 28-09-2023 10:46:00
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