FRC236 and FRC237 - Listing of New Instruments FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration No. 1929/001225/06) Company code: BIFR1 ISIN FRC236: ZAG000135211 ISIN FRC237: ZAG000135203 (FRB) LISTING OF NEW INSTRUMENTS The JSE Limited has granted FirstRand Bank Limited the listing of its FRC236 and FRC237 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 14 233 909 058.00 Instrument Code: FRC236 Nominal Issued: R3,200,000.00 Issue Price: 100% Interest Rate: 17.867% (3 Month JIBAR on 13 April 2016 of 7.267% plus 1060 basis points) Coupon Rate Indicator: Credit Linked Notes Issue Date: 13 April 2016 Interest Commencement Date: 13 April 2016 First Interest Payment Date: 8 May 2016 Maturity Date: 8 February 2020 Last day to Register: By 17:00 on 3 February, 3 May, 3 August and 3 November each year until maturity Books Close: 4 February, 4 May, 4 August and 4 November in each year until maturity Interest Payment Date: 8 February, 8 May, 8 August and 8 November in each year until maturity ISIN: ZAG000135211 Business Day Convention: Modified Following Business Day Instrument Code: FRC237 Nominal Issued: R1,200,000.00 Issue Price: 100% Interest Rate: 20.167% (3 Month JIBAR on 13 April 2016 of 7.267% plus 1290 basis points) Coupon Rate Indicator: Credit Linked Notes Issue Date: 13 April 2016 Interest Commencement Date: 13 April 2016 First Interest Payment Date: 19 April 2016 Maturity Date: 19 October 2020 Last day to Register: By 17:00 on 14 January, 14 April, 14 July and 14 October each year until maturity Books Close: 15 January, 15 April, 15 July and 15 October in each year until maturity Interest Payment Date: 19 April, 19 July, 19 October and 19 January in each year until maturity ISIN: ZAG000135203 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. 13 April 2016 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 13/04/2016 02:35:00 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.