FIRSTRAND BANK LIMITED - FRS85 - Notification of a Partial Capital Reduction and Accrued Interest Payment

FRS85 - Notification of a Partial Capital Reduction and Accrued Interest Payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS85
ISIN: ZAG000104985
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, bondholders are herewith advised of the partial capital reduction of the FRS85 notes and
the accrued interest paid thereon.


Bond code:                                                         FRS85
ISIN:                                                              ZAG000104985
Effective date:                                                    14 November 2018

Nominal amount before reduction:                                   ZAR 100 000 000.00
Reduction of nominal amount:                                       ZAR  50 000 000.00
Nominal amount after reduction:                                    ZAR  50 000 000.00
Settlement amount:                                                 ZAR  61 930 510.00

Accrued interest amount:                                           ZAR 405 740.00, included in the settlement
                                                                   amount
Annualised interest rate:                                          2.00% per annum

Interest rate for the relevant interest period:                    1.00%
Interest period:                                                   31 July 2018 to 14 November 2018
Calculation of interest amount:                                    (Nominal Amount * CPI Adjustment * Yield) /
                                                                   2, all definitions used in this calculation as
                                                                   per the pricing supplement

URL to the pricing supplement: https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx


The partial capital reduction is due to the repurchase of the listed debt securities by the issuer.


13 November 2018

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

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