Directors acquire shares following vesting of Long Term Incentive Awards FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) ISIN: ZAE 000066304 Share Code: (JSE): FSR Share Code: (NSX): FST ("FSR") DIRECTORS ACQUIRE SHARES FOLLOWING VESTING OF LONG TERM INCENTIVE AWARDS In compliance with the JSE Limited Listings Requirements, the following information in respect of director’s dealings is disclosed. The transactions undertaken by FirstRand executive directors relate to long term incentive awards (CIP's) which have now vested according to FirstRand's Corporate Performance Targets which are set out below. The 2012 conditional incentive awards required fulfilment of the following performance targets: - normalised earnings growth which equals or exceeds nominal GDP; plus 3% on a cumulative basis over the life of the award; and - positive net income after cost of capital (NIACC) generated over the life of the award. These conditions were met in the financial years to 30 June 2013, 2014 and 2015. The 2013 awards, which represent the deferred portion of cash bonuses (BCIP), paid in 2013, have also vested. The restriction on the CIP's and BCIP's was lifted on 11 September 2015. Director : Johan Petrus Burger Company : FirstRand Limited Date of transaction : 23 September 2015 Nature of transaction : Off-market settlement of BCIP and CIP awards in shares (on-market purchase of shares by FSR, on behalf of participant) Class of securities : Ordinary shares Number of shares purchased and : 124 726 received Purchase price : R51.99809 Award date : 11 September 2013 Vesting date : 11 September 2015 Value of shares purchased and : R6 485 513.77 received Directors' interest : Shares transferred directly to associate (as detailed below) therefore from direct beneficial to held by an associate Clearance obtained : Yes Dealing by an associate: Director : Johan Petrus Burger Company : FirstRand Limited Date of transaction : 30 September 2015 Nature of transaction : Off-market transfer of shares directly into account held by an associate Associate name and relationship : Sirwinnie Jesse Burger (spouse) Class of securities : Ordinary shares in terms of the CIP Number of shares received : 124 726 Purchase price : R51.99809 Value of shares received : R6 485 513.77 Directors' interest : Held by an associate Clearance obtained : Yes Director : Hetash Surendrakumar Kellan Company : FirstRand Limited Date of transaction : 23 September 2015 Nature of transaction : Off-market settlement of BCIP and CIP award in shares (on market purchase of shares by FSR on behalf of director) Class of securities : Ordinary shares Number of shares purchased and : 56 304 received Purchase price : R51.99809 Award date : 11 September 2013 Vesting date : 11 September 2015 Value of shares purchased and : R2 927 700.46 received Directors' interest : Indirect beneficial Clearance obtained : Yes Sandton 30 September 2015 Sponsor RAND MERCHANT BANK (a division of the FirstRand Bank Limited Date: 30/09/2015 10:13:00 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.