FRI38 Listing of Tap issue FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII Bond code: FRI38 ISIN: ZAG000141862 (FRB) LISTING OF TAP ISSUE The JSE Limited has granted FirstRand Bank Limited the additional listing of its FRI38 inflation-linked notes, in terms of its Domestic Medium Term Note (DMTN) programme dated 14 October 2015, effective 20 April 2017. Instrument type: Inflation-linked notes Programme amount: ZAR 80 000 000 000 Total notes in issue: ZAR 56 139 491 061.06, inclusive of all issuances under the FRB DMTN programmes Nominal before tap issue ZAR 250 000 000 Tap amount ZAR 28 000 000 Nominal following tap issue ZAR 278 000 000 Instrument code: FRI38 Issue price: 99.74851% Interest rate: 2.25% Coupon rate indicator: Inflation-linked Issue date: 20 April 2017 Interest commencement date: 31 January 2017 First interest payment date: 31 July 2017 Maturity date: 31 January 2038 Final maturity amount: 100% of the Principal Amount Last day to register: By 17:00 on 20 July and 20 January each year until maturity Books close: 21 July and 21 January each year until maturity Interest payment date(s): 31 July and 31 January each year until maturity Base CPI: 96.80220 ISIN: ZAG000141862 Business day convention: Following Business day Dealer: Rand Merchant bank, a division of FirstRand Bank Limited The notes will be immobilised in the Central Securities Depository 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. 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. 19 April 2017 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 19/04/2017 04:05:00 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.