FIRSTRAND LIMITED - Quarterly disclosure on Basel II capital adequacy

Quarterly disclosure on Basel II capital adequacy

FirstRand Limited
(Incorporated in South Africa)
(Registration number 1966/010753/06)
JSE Ordinary Share Code: FSR
JSE ISIN: ZAE000066304
JSE "B" Preference Share Code: FSRP
JSE ISIN: ZAE000060141
NSX Ordinary Share Code: FST
(“FirstRand” or “the Company”)

QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY

FirstRand is a registered bank controlling company, therefore it
is required in terms of Pillar 3 of the Basel II Capital Accord,
to disclose quantitative information on its capital adequacy
ratios on a quarterly basis. The consolidated capital position of
FirstRand is set out below.

                                  September 2012    June 2012
                                  Rm         %   Rm         %
Primary capital
Ordinary share capital and
premium                             5,404              5,271
Qualifying reserves                53,268             53,267
Non-cumulative non-redeemable       4,519              4,519
preference shares
Non-controlling interests           2,628              2,767
Regulatory deductions against      (3,652)            (3,819)
primary capital
Total primary capital              62,167             62,005

Secondary capital
Subordinated debt instruments       6,989              6,973
Qualifying Upper Tier 2             1,064              1,045
instruments
Other qualifying reserves               187              215
Regulatory deductions against          (766)            (908)
secondary capital
Total secondary capital             7,474              7,325

Total regulatory capital           69,641             69,330

Minimum capital requirement per
risk type:
Credit Risk                        31,168             30,196
Operational Risk                    6,931              6,931
Market Risk                         1,557              1,507
Equity Investment Risk              3,782              3,861
Other assets                        2,538              2,294
Total minimum capital              45,976             44,789
requirement

Primary capital adequacy ratio                 12.8             13.2
Total capital adequacy ratio               14.4             14.7

Notes:
   - The figures above have not been reviewed and reported on by
     the Company’s external auditors.
   - Qualifying reserves exclude any unappropriated profits.
   - The minimum capital requirement excludes any Pillar 2b add-
     on.

Sandton
16 November 2012

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

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