FIRSTRAND BANK LIMITED - FRC274 - Notification of a Full Capital Reduction of Listed Debt Securities and Accrued Interest Payment

FRC274 - Notification of a Full Capital Reduction of Listed Debt Securities and Accrued Interest Payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC274
ISIN: ZAG000151952
(FRB)

NOTIFICATION OF A FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND
ACCRUED INTEREST PAYMENT

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000.00 note programme
dated 29 November 2011, as amended from time to time, noteholders are herewith advised of a full
capital reduction and accrued interest payment of the FRC274 notes.

Bond code:                                                          FRC274
ISIN:                                                               ZAG000151952

Amount before reduction:                                            ZAR 11 433 369.00
Reduction amount:                                                   ZAR 11 433 369.00
Amount after reduction:                                             ZAR 0.00
Record date:                                                        10 February 2021
Settlement / redemption amount:                                     ZAR 12 042 484.11
Pay date of the reduction and accrued interest:                     11 February 2021
Effective date of the reduction in nominal amount:                  11 February 2021

Accrued interest amount:                                            ZAR 310 047.81, included in the
                                                                    settlement amount
Annualised interest rate:                                           9.80%
Interest period:                                                    2 November 2020 to 10 February
                                                                    2021

The full capital reduction is due to the early redemption of the listed debt securities by the Issuer, done
via market repurchase, and is in line with the Terms and Conditions set out in the pricing supplement.

5 February 2021

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

Date: 05-02-2021 07:50:00
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