FIRSTRAND LIMITED - FirstRand's WesBank joins forces with Hollard to provide insurance related products to the motor market

FirstRand's WesBank joins forces with Hollard to provide insurance related products to the motor market

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

FirstRand's WesBank joins forces with Hollard to provide insurance related products to the motor market

FirstRand Limited today announced that its asset finance business WesBank has formalised its long-
standing relationship with the Hollard Insurance Company through the formation of a new holding
company, which will also include the acquisition of two other entities, namely Motorite and SMART.
WesBank will be the majority shareholder.

The objective of this initiative will be to offer the best value-added motor products in the market.
Motorite offers a variety of vehicle warranty and maintenance products, while SMART specialises in
body repair cover, and offers paint and dent protection policies.

By combining resources it is envisaged that going forward WesBank will be in a very strong position
to provide innovative and competitively priced solutions for customers, particularly given its unique
presence at point of sale.

Commenting on the transaction, Sizwe Nxasana CEO of FirstRand said that this was a key building
block in the Group’s stated strategy to grow its insurance revenues.

"We believe that FirstRand's customer-facing franchises can compete effectively in the insurance
market, by delivering innovative products through our well positioned distribution platforms.
WesBank has already partnered with Hollard for more than two decades and this venture will allow
WesBank to significantly boost its insurance related activities in the motor market."

The holding company intends to make additional bolt-on acquisitions, should further opportunities
present themselves in future.

All of the above transactions are subject to regulatory approvals with further announcements to
follow.


Sandton
22 June 2015

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

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