FIRSTRAND BANK LIMITED - Interest Rate Reset - FRC99, FRC101, FRC105, FRC106, FRC108, FRC148&FRC187

Interest Rate Reset - FRC99, FRC101, FRC105, FRC106, FRC108, FRC148&FRC187

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001224/06)
Company code: BIFR1
(“FRB”)


INTEREST RATE RESET ANNOUNCEMENT

FRC101         11.395% p.a. (5.72% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014
FRC105         11.075% p.a. (5.40% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014
FRC106         11.075% p.a. (5.40% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014
FRC108         10.885% p.a. (5.21% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014
FRC148         10.175% p.a. (4.50% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014
FRC99          11.475% p.a. (5.80% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014
FRC187         13.675% p.a. (8.00% over 3 month Jibar of 5.675%)
               for the period 24 February 2014 to 25 May 2014,
               payable on 26 May 2014 (Modified Following*)
               Next reset: 26 May 2014

JIBAR rate as at 24 February 2014: 3 Month 5.675%

*When the Interest Payment Date falls on a non business day one of
the following Date Convention will be applied, as specified for each
individual bond:

1. Following – This means that the interest will be paid on the
first business day after the weekend or public holiday.

2. Modified Following – This means that the interest will be paid on
the first business day after the weekend or public holiday. However,
if the first business day after the weekend or public holiday falls
in a new calendar month the last business day before the weekend /
public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
business day before the weekend or public holiday.


24 February 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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