FRS133 - Capital Payment Notification FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRS133 ISIN: ZAG000126541 ISIN: ZAG000144825 (FRB) CAPITAL PAYMENT NOTIFICATION Noteholders are advised of the following capital payment due 24 March 2020: Bond code: FRS133 ISIN: ZAG000126541 Capital amount due / Final redemption amount: ZAR 100 000 000.00 Payment date: 24 March 2020 Redemption date: 24 March 2020 Date Convention: Following business day Calculation of final redemption amount: The formula, Aggregate Nominal Amount + (((Aggregate Nominal Amount) / EURZAR(Strike Date)) * Participation*Max (0,SX5E(Expiry Date) / SX5E(Strike Date) – 100%) * EURZAR(Expiry Date)), all definitions used in this calculation as per the pricing supplement, has not been used to calculate the Final Redemption amount as the Closing level of the Index was out of the money. URL: https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed- instruments/ 23 March 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: 23-03-2020 12:10:00 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.