FRC107 - Notification of a Full Capital Reduction and Correction Announcement on Interest Payment FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII Bond code: FRC107 ISIN: ZAG000094574 (FRB) NOTIFICATION OF A FULL CAPITAL REDUCTION AND CORRECTION ANNOUNCEMENT ON INTEREST PAYMENT 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 FRC107 notes. FRB wishes to further advise bondholders that the interest payment as announced on SENS on 28 November 2018 will not be paid on 3 December 2018 as the accrued interest has been included in the settlement amount of the repurchase settling on 4 December 2018, the details of which are provided below. Bond code: FRC107 ISIN: ZAG000094574 Effective date: 4 December 2018 Nominal amount before reduction: ZAR 275 000.00 Reduction of nominal amount: ZAR 275 000.00 Nominal amount after reduction: ZAR 0.00 Settlement amount: ZAR 288 475.00 Accrued interest amount: ZAR 7 711.81, included in the settlement amount Coupon rate: 11.248% Interest period: 3 September 2018 to 3 December 2018 Settlement date: 4 December 2018 This reduction is due to the repurchase of the listed debt securities by the Issuer, with the pay date of the redemption amount pursuant to the repurchase being 4 December 2018 30 November 2018 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 30/11/2018 02:25:00 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.