FIRSTRAND BANK LIMITED - FRII - Notification of the Full Capital Reductions of Listed Debt Securities and No Accrued Interest

FRII - Notification of the Full Capital Reductions of Listed Debt Securities and No Accrued Interest

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS162       ISIN: ZAG000145111
Bond code: FRS163       ISIN: ZAG000145129
Bond code: FRS164       ISIN: ZAG000145160
Bond code: FRS165       ISIN: ZAG000145178
Bond code: FRS168       ISIN: ZAG000145772
Bond code: FRS176       ISIN: ZAG000149444
Bond code: FRS195       ISIN: ZAG000160524
(FRB)


NOTIFICATION OF THE FULL CAPITAL REDUCTIONS OF LISTED DEBT SECURITIES AND NO
ACCRUED INTEREST

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the full capital
reductions of the FRS162, FRS163, FRS164, FRS165, FRS168, FRS176 and FRS195 notes (collectively the
notes) and no accrued interest payable.

Bond code:                                            FRS162
ISIN:                                                 ZAG000145111
Nominal amount before reduction:                      ZAR 6 243 101.00
Reduction of nominal amount:                          ZAR 6 243 101.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 809 781.17

Bond code:                                            FRS163
ISIN:                                                 ZAG000145129
Nominal amount before reduction:                      ZAR 9 234 524.00
Reduction of nominal amount:                          ZAR 9 234 524.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 1 223 865.66

Bond code:                                            FRS164
ISIN:                                                 ZAG000145160
Nominal amount before reduction:                      ZAR 12 439 195.00
Reduction of nominal amount:                          ZAR 12 439 195.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 1 892 240.78

Bond code:                                            FRS165
ISIN:                                                 ZAG000145178
Nominal amount before reduction:                      ZAR 16 059 430.00
Reduction of nominal amount:                          ZAR 16 059 430.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 2 713 880.06

Bond code:                                            FRS168
ISIN:                                                 ZAG000145772
Nominal amount before reduction:                      ZAR 8 867 444.00
Reduction of nominal amount:                          ZAR 8 867 444.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 1 088 737.44

Bond code:                                            FRS176
ISIN:                                                 ZAG000149444
Nominal amount before reduction:                      ZAR 9 837 196.00
Reduction of nominal amount:                          ZAR 9 837 196.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 1 372 983.36

Bond code:                                            FRS195
ISIN:                                                 ZAG000160524
Nominal amount before reduction:                      ZAR 14 399 100.00
Reduction of nominal amount:                          ZAR 14 399 100.00
Nominal amount after reduction:                       ZAR 0.00
Settlement / redemption amount:                       ZAR 4 524 799.78

Accrued interest amount:                              Noteholders are advised that there will be no
                                                      accrued interest payable on the notes, as the
                                                      reference rate was below the strike rate
Pay date of the repurchases:                          31 July 2020
Effective date of the reductions in nominal amounts:  31 July 2020

The full capital reductions are due to the repurchase of the notes by FRB.



30 July 2020

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

Date: 30-07-2020 10:40:00
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