FIRSTRAND BANK LIMITED - FRPT01 - Notification of the Settlement Amount of the FRPT01 Notes

FRPT01 - Notification of the Settlement Amount of the FRPT01 Notes

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code debt issuer: FRD
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: FRPT01
ISIN: ZAE000205480
(FRB)


NOTIFICATION OF THE SETTLEMENT AMOUNT OF THE FRPT01 NOTES


SETTLEMENT OF THE FRPT01 NOTES

Noteholders are advised that the settlement of the FRPT01 notes, issued under the
ZAR30 000 000 000.00 Note Programme dated 29 November 2011, as amended from time to time, will
consist of a capital payment that has been determined in accordance with the following formula:

Pay-Out = (NPt/NPo x (1 + FFS/365)^365t) x N

         Where:
         NPt: R138.582;
         NPo: Fund Unit NAV of R134.785;
         FFS: 150 bps;
         t: Time period between the Issue Date and the Maturity Date;
         N: Nominal Amount per Note,
all capitalised terms used in this formula are as per the FRPT01 applicable pricing supplement, (the
settlement amount).

The settlement amount is R 1 506.53 per unit (150 653 cents per unit), with 735 690 units in issue. The
total settlement amount is ZAR 1 108 339 055.70.


SALIENT DATES

The salient dates surrounding the settlement of the FRPT01 notes are as follows:

Capital Payment Event                                                                          Date
Payment of the settlement amount:                                            Thursday, 11 June 2020
Termination of listing of the FRPT01 notes on the JSE:                         Friday, 12 June 2020



For further information on the settlement of the FRPT01 notes, please contact:
 Ettienne van Wyk
 +27 11 269 9607


10 June 2020

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

Date: 10-06-2020 08:00:00
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