FIRSTRAND BANK LIMITED - FRC179 - Notification of a Full Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRC179 - Notification of a Full Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC179
ISIN: ZAG000108168
(FRB)


NOTIFICATION OF A FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT 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, as amended and updated from time to time, bondholders are herewith advised of the full capital reduction
of the FRC179 notes:

Bond code:                                                  FRC179
ISIN:                                                       ZAG000108168

Nominal amount before reduction:                            ZAR 10 300 000.00
Reduction of nominal amount:                                ZAR 10 300 000.00
Nominal amount after reduction:                             ZAR 0.00
Settlement / redemption amount:                             ZAR 10 454 500.00
Pay date pursuant to the repurchase:                        8 July 2019
Effective date of the partial capital reduction:            8 July 2019

Accrued interest amount:                                    ZAR 51 826.65, included in the settlement amount
Annualised interest rate:                                   10.203%
Interest period:                                            20 June 2019 to 8 July 2019


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

4 July 2019

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

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