FRII- Publication of Supplements to the DMTN and Note Programme Memorandums and Update to Issuer Disclosure Document FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII (FRB) PUBLICATION OF SUPPLEMENTS TO THE DOMESTIC MEDIUM TERM NOTE AND NOTE PROGRAMME MEMORANDUMS AND UPDATE TO ISSUER DISCLOSURE DOCUMENT PUBLICATION OF SUPPLEMENTS TO THE DOMESTIC MEDIUM TERM NOTE AND NOTE PROGRAMME MEMORANDUMS FRB has received approval from the JSE Limited (JSE) in respect of: - the supplement to the FRB ZAR20 000 000 000 Domestic Medium Term Note programme memorandum dated 31 July 2007 (2007 PM); - the supplement to the FRB ZAR80 000 000 000 Domestic Medium Term Note programme memorandum dated 14 October 2015 (2015 PM); and - the supplement to the FRB ZAR30 000 000 000 Note programme memorandum dated 24 August 2010 (2010 NPM), collectively the “supplements”. A summary of the changes effected in the supplements is provided below: - The terms and conditions have been updated for the following: • 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; and • for changes to the trading environment and Strate Limited’s rules. - The settlement, clearing and transfer of notes section and the South African taxation section have been updated to reflect the legislation applicable as at the date of the supplements. - The information included in the following sections have been removed from the programme memorandums and are now incorporated by reference: • the risk factors section; • the banking sector in South Africa section; • the description of FirstRand Bank Limited 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 at https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx. The supplements are available for inspection at the registered office of FRB and have also been made available for inspection at https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx. The supplements will also be available for inspection on the JSE’s website at www.jse.co.za. UPDATE OF ISSUER DISCLOSURE DOCUMENT Noteholders are advised that the issuer disclosure document, which is incorporated by reference into FRB’s Domestic Medium Term Note Programme, Structured Note and Preference Share Programme and Note Programme, has been updated and now includes a contents page. The updated issuer disclosure document is available at https://www.firstrand.co.za/InvestorCentre/Pages/debt- programmes.aspx. 7 December 2018 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07/12/2018 03:30:00 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.