FRC283 - Listing of New Financial Instrument FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII Bond code: FRC283 ISIN: ZAG000154394 (FRB) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated structured credit-linked notes, in terms of its note programme (the programme) dated 29 November 2011, effective 28 September 2018. Debt security code: FRC283 ISIN: ZAG000154394 Type of debt security: Credit-linked notes Nominal issued: ZAR 50 000 000.00 Issue date: 28 September 2018 Issue price: 100% Coupon rate: 3 month JIBAR plus 445 basis points Interest commencement date: 28 September 2018 Interest determination date(s): 26 October, 26 January, 26 April and 26 July of each year until maturity, with the first interest determination date being 28 September 2018 First interest payment date: 26 October 2018 Interest payment date(s): 26 October, 26 January, 26 April and 26 July of each year until maturity Last day to register: By 17:00 on 21 October, 21 January, 21 April and 21 July of each year until maturity Books close: 22 October, 22 January, 22 April and 22 July of each year until maturity Business day convention: Modified Following Business Day Maturity date: 26 January 2021 Final maturity amount: 100% of the aggregate nominal amount Other: The pricing supplement contains changes to the terms and conditions as contained in the programme Summary of additional terms: Please refer to the early redemption and credit-linked note provisions contained in the pricing supplement Programme amount: ZAR 30 000 000 000.00 Total notes in issue under programme: ZAR 14 952 331 394.00 Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank division The notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. The notes have been privately placed by FirstRand Bank Limited. Any prospective purchaser of the notes should contact FirstRand Bank Limited for details of the terms of the notes. In this regard, prospective purchasers should be aware that: 1. The notes issued are subject to the terms and conditions of the pricing supplement agreed between the issuer and the subscriber(s) for the notes 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. 27 September 2018 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 27/09/2018 01:50:00 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.