FIRSTRAND BANK LIMITED - Final Dividend Declaration and Redemption of Class A Preference Shares

Final Dividend Declaration and Redemption of Class A Preference Shares

FIRSTRAND BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code debt issuer: FRD
LEI: ZAYQDKTCATIXF9OQY690
Stock code: FRBP01
ISIN: ZAE000279469
Income tax number: 9475070711
(FRB)

FINAL DIVIDEND DECLARATION OF 16 254.45205 CENTS PER CLASS A CUMULATIVE, REDEEMABLE,
NON-PARTICIPATING PREFERENCE SHARE AND REDEMPTION OF CLASS A PREFERENCE SHARES

The salient dates for the seventh and final dividend declaration on the Class A cumulative, redeemable, non-
participating preference shares in FRB (Class A preference shares) for the period from 25 July 2022 to
30 October 2022, both days inclusive, are outlined in the table below. A final dividend in the gross amount of 16
254.45205 cents per Class A preference share has been declared. The salient dates for the capital repayment
of the Class A preference shares, with a gross redemption amount of R10 000 per Class A preference share
amounting to a total gross redemption amount of R2 809 million, are also outlined below.


 Last day to trade cum-dividend and capital repayment                   Tuesday, 25 October 2022

 Class A preference shares suspended on the JSE trading engine        Wednesday, 26 October 2022

 Record date to receive the dividend and capital repayment               Friday, 28 October 2022

 Payment date of the dividend and the final redemption amount            Monday, 31 October 2022

 Listing of Class A preference shares terminated                        Tuesday, 1 November 2022


Class A preference share certificates may not be dematerialised or rematerialised after Tuesday,
25 October 2022.

In the event that there is a change in the prime rate between the dividend declaration date and the dividend
payment date, the prevailing prime rate at the dividend declaration date will be applied from the dividend
declaration date to the dividend payment date.

Dividend tax amounting to 3 250.89041 cents per Class A preference share, totalling R9 131 751.16 will be
deducted from this preference dividend for any Class A preference shareholders who are subject to dividend
withholding tax of 20%. The net dividend will therefore be 13 003.56164 cents per Class A preference share.

The Class A preference share dividend is declared out of income reserves and will not reduce the contributed
tax capital of FRB, as defined in section 1 of the Income Tax Act, No. 58 of 1962.
The redemption of the Class A preference shares will be paid out of share capital and share premium and does
reduce the contributed tax capital of FRB, as defined in section 1 of the Income Tax Act, No. 58 of 1962.

FRB’s issued share capital at the declaration date is 1 866 836 ordinary shares of two rand each and
280 900 Class A preference shares of one hundredth of a cent each.

Sandton
6 October 2022

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

Date: 06-10-2022 08:00:00
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