Dealings in securities by directors 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" or “FirstRand”) DEALINGS IN SECURITIES BY DIRECTORS 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 which have now settled according to the appropriate performance targets detailed in the Bonus Deferral Conditional Incentive Plan (“BCIP”) and Conditional Incentive Plan (“CIP”) and which restrictions were lifted on 13 September 2016 and 15 September 2016, respectively. The CIP required fulfilment of the following performance targets which have been met in the financial years to 30 June 2014, 2015 and 2016: - 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. In terms of the BCIP and CIP, directors are settled in cash and may further instruct FirstRand to acquire shares at market value on their behalf. The resultant share purchases are accordingly disclosed as follows: Director : Alan Patrick Pullinger Company name : FirstRand Limited Nature of transaction : On-market purchase of FSR ordinary shares Date of transaction : 16 September 2016 Purchase price : R46.9461 Number of ordinary shares purchased : 132 316 Value of shares purchased : R6 211 720 Date of transaction : 21 September 2016 Purchase price : R47.5367 Number of ordinary shares purchased : 141 843 Value of shares purchased : R6 742 748 Director’s interest : Direct beneficial Clearance obtained : Yes Director name : Hetash Surendrakumar Kellan Company : FirstRand Limited Nature of transaction : On-market purchase of FSR ordinary shares Purchase date : 16 September 2016 Purchase price : R46.9461 Number of ordinary shares purchased : 10 127 Value of shares purchased : R475 423 Purchase date : 21 September 2016 Purchase price : R47.5367 Number of ordinary shares purchased : 39 675 Value of shares purchased : R1 886 019 Director’s interest : Direct beneficial Clearance obtained : Yes Sandton 22 September 2016 Sponsor RAND MERCHANT BANK (a division of the FirstRand Bank Limited) Date: 22/09/2016 05:01:00 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.