Senior executive changes at FirstRand Limited FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE Share code: FSR ISIN: ZAE000066304 JSE "B" Preference Share Code: FSRP ISIN: ZAE000060141 NSX Ordinary Share Code: FST Senior executive changes at FirstRand Limited FirstRand Limited advises shareholders that Dr Michael Jordaan will step down as Chief Executive Officer of its FNB Division at the end of 2013 and that Mr Jacques Celliers has been appointed to succeed him. Dr Jordaan first indicated to the FirstRand Board in 2010 his intention to step down at the end of 2013 to spend more time with his family. At that point, as CEO of FNB for 10 years, he would have achieved the strategic and operational objectives that he had set out for the business at the beginning of his tenure. Mr Celliers (41), a member of the FNB Executive Committee, graduated as an Engineer from the University of Stellenbosch in 1994. In 1998 he completed an MBA at the University of Cape Town's Graduate School of Business and was an exchange student at Wharton College, University of Pennsylvania in the USA. He is currently the CEO of FNB Business Banking and Head of FNB’s India expansion. The necessary regulatory process with the Registrar of Banks has been concluded. In his 12 years at FNB Mr Celliers has managed a number of initiatives particularly focusing on innovative entry strategies in certain new markets that FNB identified for expansion and joint ventures. Prior to being appointed CEO of Business Banking he ran FNB Credit Card and FNB Retail Foreign Exchange. The Board is confident that the FNB management team, under the leadership of Mr. Celliers, will continue on its successful strategic growth path. During his career at FNB Mr. Celliers has demonstrated a unique ability to bring innovative thinking to both the strategic opportunities and operational challenges of retail and commercial banking. FirstRand thanks Dr Jordaan for his tenure at FNB where he oversaw a period of significant growth in profits, innovation and excellent returns to shareholders. Over the past nine years, FNB’s earnings have grown at an annual compound growth rate of 15%. FirstRand expects Dr Jordaan to continue his involvement with the Group in a non-executive capacity on its various boards and committees. Sandton 22 May 2013 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 22/05/2013 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.