FRII - Interest Payment Notifications FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond Code: FRC66 ISIN: ZAG000088485 Bond Code: FRC69 ISIN: ZAG000088766 Bond Code: FRC71 ISIN: ZAG000088923 Bond Code: FRC221 ISIN: ZAG000121229 Bond Code: FRC233 ISIN: ZAG000128752 Bond Code: FRC317 ISIN: ZAG000163551 Bond Code: FRI38 ISIN: ZAG000141862 Bond Code: FRJ23 ISIN: ZAG000149436 Bond Code: FRS101 ISIN: ZAG000111774 Bond Code: FRS110 ISIN: ZAG000113663 Bond Code: FRS114 ISIN: ZAG000116070 Bond Code: FRS119 ISIN: ZAG000118951 Bond Code: FRBI22 ISIN: ZAG000079666 (FRB) INTEREST PAYMENT NOTIFICATIONS Noteholders are advised of the following interest payments due 31 January 2020: Bond code: FRC66 ISIN: ZAG000088485 Annualised interest rate: 2.750% Interest rate for the period: 1.375% Base CPI: 70.05289411 Reference CPI: 113.4 Interest amount due: ZAR 615 438.70 Date Convention: Modified Following Business Day Bond code: FRC69 ISIN: ZAG000088766 Annualised interest rate: 2.750% Interest rate for the period: 1.375% Base CPI: 70.05289411 Reference CPI: 113.4 Interest amount due: ZAR 1 433 425.90 Date Convention: Modified Following Business Day Bond code: FRC71 ISIN: ZAG000088923 Annualised interest rate: 2.750% Interest rate for the period: 1.375% Base CPI: 70.05289411 Reference CPI: 113.4 Interest amount due: ZAR 595 272.80 Date Convention: Modified Following Business Day Bond code: FRC221 ISIN: ZAG000121229 Annualised interest rate: 2.750% Interest rate for the period: 1.375% Base CPI: 70.052894 Reference CPI: 113.4 Interest amount due: ZAR 1 757 486.84 Date Convention: Following Business Day Bond code: FRC233 ISIN: ZAG000128752 Annualised interest rate: 2.750% Interest rate for the period: 1.375% Base CPI: 70.05289411 Reference CPI: 113.4 Interest amount due: ZAR 4 451 636.20 Date Convention: Modified Following Business Day Bond code: FRI38 ISIN: ZAG000141862 Annualised interest rate: 2.250% Interest rate for the period: 1.125% Base CPI: 77.62806717 Reference CPI: 113.4 Interest amount due: ZAR 9 334 587.69 Date Convention: Following Business Day Bond code: FRS101 ISIN: ZAG000111774 Annualised interest rate: 2.250% Interest rate for the period: 1.125% Base CPI: 77.62806717 Reference CPI: 113.4 Interest amount due: ZAR 328 682.66 Date Convention: Following Business Day Bond code: FRS110 ISIN: ZAG000113663 Annualised interest rate: 2.250% Interest rate for the period: 1.125% Base CPI: 77.62806717 Reference CPI: 113.4 Interest amount due: ZAR 695 163.82 Date Convention: Following Business Day Bond code: FRS114 ISIN: ZAG000116070 Annualised interest rate: 2.000% Interest rate for the period: 1.000% Base CPI: 77.62806717 Reference CPI: 113.4 Interest amount due: ZAR 219 121.78 Date Convention: Following Business Day Bond code: FRS119 ISIN: ZAG000118951 Annualised interest rate: 2.250% Interest rate for the period: 1.125% Base CPI: 77.62806717 Reference CPI: 113.4 Interest amount due: ZAR 2 389 688.70 Date Convention: Following Business Day Bond code: FRBI22 ISIN: ZAG000079666 Annualised interest rate: 2.750% Interest rate for the period: 1.375% Base CPI: 70.05289411 Reference CPI: 113.4 Interest amount due: ZAR 21 815 243.24 Date Convention: Following Business Day Applicable formula: (Aggregate Nominal Amount x CPI Adjustment x Interest Rate) / 2, all definitions used in this calculation as per the pricing supplement URL: https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed- instruments/ Bond code: FRC317 ISIN: ZAG000163551 Coupon: 8.972% Interest amount due: ZAR 1 130 717.81 Interest period: 31 October 2019 to 30 January 2020 Date Convention: Modified Following Business Day Bond code: FRJ23 ISIN: ZAG000149436 Coupon: 8.242% Interest period: 31 October 2019 to 30 January 2020 Interest amount due: ZAR 32 428 769.97 Date Convention: Following Business Day Payment date: 31 January 2020 23 January 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Think Precinct, 1 Merchant Place Cnr Fredman Drive & Rivonia Road Sandton 2196, South Africa P O Box 786273, Sandton, 2146, South Africa Date: 23-01-2020 04:30:00 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.