FIRSTRAND BANK LIMITED - GSETNC GSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

GSETNC GSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: GSETNC         ISIN: ZAE000293569
Alpha code: GSETNQ         ISIN: ZAE000293577
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the GSETNC and GSETNQ exchange traded notes (ETNs) are advised that on Tuesday, 29
June 2021, Goldman Sachs Group Inc paid a dividend of $1.25 per share. As per published guidance,
this dividend was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US
closing price on Wednesday, 30 June 2021. The result of the synthetic dividend reinvestment is to
increase the fractional number of shares each ETN references and no distribution or payment will be
made.

Dividend amount          $1.25/share
Effective tax rate       50%
Reinvestment amount      $0.625/share
Reinvestment price       $379.53/share

The daily published net asset value (NAV) has already been updated to include the effect of the dividend
being paid, which can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/



1 July 2021

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

Date: 01-07-2021 12:34:00
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