FIRSTRAND BANK LIMITED - FRS192 - Notification of the Full Capital Reduction of Listed Debt Securities

FRS192 - Notification of the Full 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: FRS192
ISIN: ZAG000157850
(FRB)

NOTIFICATION OF THE FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the full capital reduction
of the FRS192 notes.


Bond code:                                                        FRS192
ISIN:                                                             ZAG000157850
Nominal amount before reduction:                                  ZAR 250 000 000.00
Reduction of nominal amount:                                      ZAR 250 000 000.00
Nominal amount after reduction:                                   ZAR 0.00
Settlement / redemption amount:                                   ZAR 251 914 364.00
Calculation of settlement amount:                                 The early redemption settlement amount is
                                                                  calculated by the calculation agent as per
                                                                  section 35 of the pricing supplement. The
                                                                  settlement value is comprised of the unwind
                                                                  value of the components of the note, being
                                                                  cash deposit and equity options. The index
                                                                  level applicable in this calculation is
                                                                  49,500.52.
Pay date of the repurchase:                                       4 March 2020
Effective date of the reduction in nominal amount:                6 March 2020
URL to the pricing supplements:                                   https://www.firstrand.co.za/investors/debt-
                                                                  investor-centre/jse-listed-instruments/


The full capital reduction is due to the repurchase of the listed debt securities by FRB.


5 March 2020


Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 05-03-2020 11:51:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.