FIRSTRAND LIMITED - Voluntary update to shareholders on the UK motor commission matter

Voluntary update to shareholders on the UK motor commission matter

FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE share code: FSR; ISIN: ZAE000066304
NSX share code: FST
JSE company code interest rate issuer: FSDI
LEI: 529900XYOP8CUZU7R671
(FirstRand or the group)

Voluntary update to shareholders on the UK motor commission matter

FirstRand has committed to keeping shareholders updated on all material developments relating to
the UK motor commission matter.

Following a process of engaging with industry bodies and regulators, the group has decided not to
legally challenge the UK Financial Conduct Authority's proposed redress scheme.

FirstRand continues to regard the scheme as unfair and disproportionate and whilst there are legal
grounds for challenge, without the participation of a meaningful cohort of other UK lenders such an
undertaking by the group would not be in the best interest of its shareholders, particularly
considering the level of on-going uncertainty pursuing a legal challenge would create.

Sandton
28 April 2026

Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Debt sponsor
FirstRand Bank Limited

Date: 28-04-2026 02:34:00
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