LOM02 - Listing of New Financial Instrument Lombard Insurance Company Limited (Incorporated in the Republic of South Africa) (Registration number 1990/001253/06) Company code: LIC Bond Code: LOM02 ISIN: ZAG000156589 (“Lombard”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted Lombard the listing of its Unsecured Subordinated Floating Rate Notes, in terms of its Unsecured Subordinated Note Programme (“the Programme”) dated 17 November 2014, effective 30 January 2019. Debt Security Code: LOM02 ISIN: ZAG000156589 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR 100 000 000.00 Issue Date: 30 January 2019 Issue Price: 100% Coupon Rate: 3 Month JIBAR plus 395 basis points Interest Commencement Date: 30 January 2019 Interest Determination Date(s): 30 April, 30 July, 30 October and 30 January of each year until maturity, with the first interest determination date being 25 January 2019 First Interest Payment Date: 30 April 2019 Interest Payment Date(s): 30 April, 30 July, 30 October and 30 January of each year until maturity Last Day to Register: By 17h00 on 19 April, 19 July, 19 October and 19 January of each year until maturity Books Close: 20 April, 20 July, 20 October and 20 January of each year until maturity Business Day Convention: Following Business Day Maturity Date: 30 January 2024 Final Maturity Amount: ZAR 100 000 000.00 Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme Summary of Additional Terms: Not Applicable Programme Amount: ZAR 1 000 000 000.00 Total Notes in Issue Under Programme: ZAR 200 000 000.00, exclusive of this issuance of notes 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. 29 January 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29/01/2019 10:15:00 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.