FIRSTRAND BANK LIMITED - Notice to Elect No Payment of Interest in Terms of Paragraph 22(J) for the Applicable Pricing Supplements

Notice to Elect No Payment of Interest in Terms of Paragraph 22(J) for the Applicable Pricing Supplements

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN: ZAG000093501
ISIN: ZAG000093576
ISIN: ZAG000093998
ISIN: ZAG000093956
ISIN: ZAG000094871
ISIN: ZAG000099466
(FRB)

NOTICE TO ELECT NO PAYMENT OF INTEREST IN TERMS OF
PARAGRAPH 22(J) FOR THE APPLICABLE PRICING SUPPLEMENTS


1. In terms of this notice the Issuer of the Applicable Pricing
   Supplements issued under the FirstRand Limited ZAR30,000,000,000
   Note Programme (the Programme) established pursuant to a programme
   memorandum dated 29 November 2011 (the Programme Memorandum)
   elects to make no Interest Payment on the next Interest Payment
   Date, which is 24 August 2015 to any Noteholders of:

   1.1   applicable pricing supplement dated 29 February 2012 (the
         FRC99 Applicable Pricing Supplement) in relation to the
         issue of ZAR3,000,000 Credit Linked Notes with Scheduled
         Termination Date of 24 February 2017 (Stock Code FRC99)
         (the FRC99 Notes);
   1.2   applicable pricing supplement dated 2 March 2012 (the
         FRC101 Applicable Pricing Supplement) in relation to the
         issue of ZAR16,000,000 Credit Linked Notes with Scheduled
         Termination Date of 24 February 2017 (Stock Code FRC101)
         (the FRC101 Notes);
   1.3   applicable pricing supplement dated 19 March 2012 (the
         FRC105 Applicable Pricing Supplement) in relation to the
         issue of ZAR8,000,000 Credit Linked Notes with Scheduled
         Termination Date of 24 February 2017 (Stock Code FRC105)
         (the FRC105 Notes);
   1.4   applicable pricing supplement dated 16 March 2012 (the
         FRC106 Applicable Pricing Supplement) in relation to the
         issue of ZAR1,500,000 Credit Linked Notes with Scheduled
         Termination Date of 24 February 2017 (Stock Code FRC106)
         (the FRC106 Notes);
   1.5   applicable pricing supplement dated 19 April 2012 (the
         FRC108 Applicable Pricing Supplement) in relation to the
         issue of ZAR100,000,000 Credit Linked Notes with Scheduled
         Termination Date of 24 February 2017 (Stock Code FRC108)
         (the FRC108 Notes);
   1.6   applicable pricing supplement dated 28 August 2012 (the
         FRC148 Applicable Pricing Supplement) in relation to the
         issue of ZAR14,000,000 Credit Linked Notes with Scheduled
         Termination Date of 24 February 2017 (Stock Code FRC148)
         (the FRC148 Notes);

The FRC99 Notes, the FRC101 Notes, the FRC105 Notes, the FRC106
Notes, the FRC108 Notes and the FRC148 Notes, together constituting
the Notes and the FRC99 Applicable Pricing Supplement, the FRC101
Applicable Pricing Supplement, the FRC105 Applicable Pricing
Supplement, the FRC106 Applicable Pricing Supplement, the FRC108
Applicable Pricing Supplement and the FRC148 Applicable Pricing
Supplement,   together   constituting   the    Applicable   Pricing
Supplements.

2. Capitalised terms used herein which are not otherwise defined
   shall bear the meaning ascribed thereto in the Terms and
   Conditions (read together with the Additional Terms and Conditions
   of Credit-Linked Notes (the Credit-Linked Annex)) where the
   context requires.

22 May 2015

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

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