FRC234 - Listing of New Instrument Update FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration No. 1929/001225/06) Company code: BIFR1 ISIN: ZAG000130816 (FRB) LISTING OF NEW INSTRUMENT The JSE Limited has granted FirstRand Bank Limited the listing of its FRC234 Senior Unsecured Unsubordinated Credit Linked Notes, in terms of its ZAR30 000 000 000 Note Programme dated 29 November 2011. INSTRUMENT TYPE: Credit Linked Note Total Notes in Issue: ZAR 14,185,269,058.00 Instrument Code: FRC234 Nominal Issued: R150,000,000.00 Issue Price: 100% Initial Coupon: 13.278% (3M JIBAR as at 28 October 2015 of 6.308% plus 697 basis points) Interest Rate: 3 Month JIBAR plus 697 basis points Coupon Rate Indicator: Credit Linked Notes Issue Date: 28 October 2015 Interest Commencement Date: 28 October 2015 First Interest Payment Date: 20 December 2015 Maturity Date: 20 December 2020 Last day to Register: By 17:00 on 14 December, 14 March, 14 June and 14 September each year until maturity Books Close: 15 December, 15 March, 15 June and 15 September each year until maturity Interest Payment Date: 20 December, 20 March, 20 June and 20 September each year until maturity ISIN: ZAG000130816 Business Day Convention: Modified Following Business Day The Notes will be immobilised in the Central Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. This note has been privately placed by FirstRand Bank Limited. Any prospective purchaser of the note should contact FirstRand Bank Limited for details of the terms of the note. In this regard, prospective purchasers should be aware that: 1. The note issued is subject to the terms and conditions of the pricing supplement agreed between the Issuer and the subscriber(s) for the note and the Terms and Conditions of the Notes as set out in the Programme Memorandum dated 29 November 2011 in respect of the Issuer’s Note Programme; 2. The performance of each note issued is linked to the performance of an underlying third party entity and/or obligation stipulated in the pricing supplement in respect of the note and accordingly, as the prospective purchaser will assume credit exposure to both the Issuer and such entity and/or obligation, the note is only suitable for purchase by financially sophisticated investors after conducting all relevant independent investigations. The risks pertaining to credit-linked notes generally are more fully set out in the Programme Memorandum. Copies of the Programme Memorandum are available from the Issuer. 28 October 2015 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 28/10/2015 10:45:00 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.