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FRII - Notification of an update to the programme memorandum
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
(FRB)
NOTIFICATION OF AN UPDATE TO THE PROGRAMME MEMORANDUM
FRB has received approval from the JSE Limited (JSE) in respect of its amended programme memorandum
dated 1 November 2018 (the Amended PM), established in relation to the issuer’s ZAR100 000 000 000
Domestic Medium Term Note Programme.
A summary of the changes effected in the Amended PM is provided below:
- The terms and conditions have been updated for the following:
• to allow FRB the ability to issue notes which are subordinated notes, capable of qualifying
as regulatory capital; and
• for amendments to the JSE Debt Listings Requirements (the Requirements), which includes but
is not limited to, amendments to cater for the Part 1A of 2018 amendments to the Requirements
and for paragraphs 7.26 and 7.27 of the Requirements.
- The information included in the following sections have been removed from the Amended PM and are now
incorporated by reference:
• the Risk Factors section;
• the Overview of the Banking Sector in South Africa section;
• the Description of the Issuer section, including, but not limited to, its business, management,
directors and corporate governance disclosure; and
• the South African Exchange Control section.
The above-mentioned sections are contained in an issuer disclosure document that is published on
FirstRand Limited’s website at https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx.
The Amended PM is available for inspection at the registered office of FRB and has also been made
available for inspection on the FirstRand Limited website at https://www.firstrand.co.za/InvestorCentre/
Pages/debt-programmes.aspx.
The Amended PM will also be available for inspection on the JSE’s website at www.jse.co.za.
2 November 2018
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/11/2018 11:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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