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FIRSTRAND BANK LIMITED - Accrued Interest on the Firstrand Bank Notes Listed on the Mainboard - FRK01/FRPT01

Release Date: 09/03/2017 09:45
Code(s): FRK01 FRPT01     PDF:  
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Accrued Interest on the Firstrand Bank Notes Listed on the Mainboard - FRK01/FRPT01

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Issuer code: FRD
Alpha Code: FRK01
ISIN: ZAE000193454
Alpha Code: FRPT01
ISIN: ZAE000205480
(“FRB” or “the Issuer”)

ACCRUED INTEREST ON THE FIRSTRAND BANK NOTES LISTED ON THE MAINBOARD

ACCRUED INTEREST ON THE FIRSTRAND BANK GOLD BOND

FirstRand Bank Limited wishes to advise note holders that interest payable
to investors at maturity of the FirstRand Bank Gold Bond will be dependent
on the ZAR value of the ounce interest as at redemption. As a result of
fluctuations in the USD gold price and the Rand/Dollar exchange rate, the
ZAR value of interest paid at maturity may not equal the sum of the ZAR
interest announced annually via SENS. FirstRand Bank further wishes to
advise that interest is calculated in ounces of gold and as such for
purposes of calculating the annual interest which has accrued on the note;
the interest earned per ounce is converted to a ZAR amount at the end of
February in each year. Interest accrued on the FRK01 bond for the period 1
March 2016 - 28 February 2017 has amounted to 0.0050 ounces per unit, which
yields an approximate rand interest value of ZAR 80.53 per bond unit.

*A rand gold price of ZAR 16 149.90 per ounce has been applied. (As at
London close of business on the last business day of February.)

ACCRUED INTEREST ON THE FIRSTRAND BANK PLATINUM ETF LINKED STRUCTURED NOTE

FirstRand Bank Limited wishes to advise note holders that interest payable
to investors at maturity of the FirstRand Platinum ETF Note will be
dependent on the unit value of the notes at redemption. Interest accrued on
the FRTP01 note for the period 1 March 2016 – 28 February 2017, yields an
approximate rand interest value of ZAR 6.79 per unit.


9 March 2017

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 09/03/2017 09:45:00 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.

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