FIRSTRAND BANK LIMITED - FRS157 - Notification of a Full Capital Reduction

FRS157 - Notification of a Full Capital Reduction

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS157
ISIN: ZAG000144197
(FRB)


NOTIFICATION OF A FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, bondholders are herewith advised of the full capital reduction of the FRS157 notes.

Bond code:                                            FRS157
ISIN:                                                 ZAG000144197
Effective date:                                       3 October 2018
Nominal amount before reduction:                      ZAR 300 000 000.00
Reduction in nominal amount:                          ZAR 300 000 000.00
Nominal amount after reduction:                       ZAR 0.00
Early Redemption Amount:                              ZAR 399 200 000.00, determined in accordance with
                                                      condition 37 of the applicable pricing supplement

The full capital reduction is due to the repurchase of the listed debt securities by the issuer.


27 September 2018

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

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