FIRSTRAND LIMITED - Directors acquire shares following vesting of Long Term Incentive Awards

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

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