FIRSTRAND LIMITED - Renewal of cautionary announcement

Renewal of cautionary announcement

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010753/06)
JSE ordinary share code: FSR
Ordinary share ISIN: ZAE000066304
JSE B preference share code: FSRP
B preference share ISIN: ZAE000060141
NSX ordinary share code: FST
LEI code: 529900XYOP8CUZU7R671
(FirstRand)

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code interest rate issuer: FRII
JSE company code debt issuer: FRD
JSE company code ETF issuer: FRLE
LEI code: ZAYQDKTCATIXF9OQY690

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcements released on the Stock Exchange News Service on
19 November 2019, 7 January 2020 and 18 February 2020, in which they were referred to the
corresponding announcements released by FirstRand’s largest shareholder, RMB Holdings Limited
(RMH) and RMH’s largest shareholder, Remgro Limited (Remgro), respectively.

RMH, in an announcement released on 31 March 2020, advised shareholders that, although it was still
committed to the restructure of its portfolio of assets and liabilities (the Restructuring), given the
unprecedented market turmoil being experienced in South Africa and globally as a result of COVID-19,
the RMH board is currently assessing the optimal timing and detailed transaction steps required to give
effect to the Restructuring.

In an announcement released on 31 March 2020, Remgro indicated that the Remgro board has
resolved that it will, subject to the relevant regulatory approvals, proceed with the full distribution of its
28.2% interest in RMH to its shareholders. The Remgro board has further resolved to retain its 3.9%
direct interest in FirstRand in order to provide additional balance sheet capacity to support growth in
Remgro’s existing portfolio and its ability to pursue new opportunities that may arise.

RMH and Remgro will publish separate announcements providing updates on or before 14 April 2020.

Accordingly, FirstRand shareholders are advised to continue to exercise caution when dealing in
FirstRand securities, until detailed announcements are made.

Sandton
31 March 2020

Financial adviser and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 31-03-2020 07:07:00
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