FIRSTRAND BANK LIMITED - New Instrument Listing

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
('FRB')


LISTING OF NEW FINANCIAL INSTRUMENTS


The JSE Limited has granted FirstRand Bank Limited the listing of

its FRC148 Credit Linked Notes, in terms of its ZAR30,000,000,000
Note Programme dated 29 November 2011.

INSTRUMENT TYPE:              Credit Linked Notes
Total Notes in Issue:         R 3,003,225,000.00


Instrument Code:              FRC148
Nominal Issued:               R14,000,000.00
Issue Price:                  100%

Interest Rate:                9.575% (3 month Jibar of 5.075% as at

                              28 August 2012 plus 450 basis points)
Coupon Rate Indicator:        Credit Linked
Issue Date:                   30 August 2012
Interest Commencement Date:   30 August 2012
First Interest Date:          24 November 2012
Maturity Date:                24 February 2017

Last day to Register:         By 17:00 on 18 November, 18 February, 18
                              May and 18 August in each year
                              until Maturity Date

Books Close:                  19 November, 19 February, 19 May and

                              19 August in each year until Maturity
                              Date

Interest Payment Date:        24 November, 24 February, 24 May and 24

                              August until Maturity Date
ISIN:                         ZAG000099466

Business Day Convention:      Modified Following Business Day



The Notes will be immobilised in the Central Depository ('CSD') and

settlement will take place electronically in terms of JSE Rules.


This note has been privately placed by FirstRand Bank Limited. Any

prospective purchaser of the note should contact FirstRand Bank

Limited for details of the terms of the note.      In this regard,
prospective purchasers should be aware that:

1. The note issued is subject to the terms and conditions of the

pricing supplement agreed between the Issuer and the subscriber(s)

for the note and the Terms and Conditions of the Notes as set out in

the Programme Memorandum dated 29 November 2011 in respect of the
Issuer's Note Programme;



2. The performance of each note issued is linked to the performance

of an underlying third party entity and/or obligation stipulated in

the pricing supplement in respect of the note and accordingly, as

the prospective purchaser will assume credit exposure to both the

Issuer and such entity and/or obligation, the note is only suitable

for purchase by financially sophisticated investors after conducting

all relevant independent investigations. The risks pertaining to

credit-linked notes generally are more fully set out in the

Programme Memorandum. Copies of the Programme Memorandum are
available from the Issuer.


30 August 2012

Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)


Date: 30/08/2012 02:59:00 Supplied by www.sharenet.co.za                     
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