Further statement regarding possible offer for Aldermore Group PLC FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR ISIN: ZAE000066304 JSE B preference share code: FSRP ISIN: ZAE000060141 NSX ordinary share code: FST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "UK TAKEOVER CODE") AND THERE CAN BE NO CERTAINTY THAT ANY TRANSACTION WILL PROCEED EVEN IF THE CONDITIONS REFERRED TO BELOW ARE SATISFIED OR WAIVED, NOR AS TO THE TERMS OF ANY SUCH TRANSACTION Further statement regarding possible offer for Aldermore Group PLC On 13 October 2017, FirstRand Limited (“FirstRand”) announced a possible offer for Aldermore Group PLC (“Aldermore”). In this announcement it was stated that the making of any firm offer would be subject to the completion of satisfactory due diligence and the unanimous recommendation of the Board of Aldermore. In accordance with Rule 2.5(c) of the UK Takeover Code, FirstRand confirms that it will not waive the condition pertaining to the completion of satisfactory due diligence, but can elect to waive the condition pertaining to unanimous board recommendation. Sandton 16 October 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Enquiries: FirstRand Limited Sam Moss, Head of Investor Relations Tel: +27 11 282 1341 Important notices This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise. The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdictions. Publication on Website A copy of this announcement will be available on FirstRand’s website at www.FirstRand.co.za by no later than 12 noon (London time) on Tuesday 17 October 2017. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. Date: 16/10/2017 07:05:00 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.