FRC346 - Listing of New Financial Instrument FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRC346 ISIN: ZAG000171430 (FRB) LISTING OF NEW FINANCIAL INSTRUMENT The JSE has granted FRB the listing of its senior unsecured unsubordinated credit linked notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 30 September 2020. Debt security code: FRC346 ISIN: ZAG000171430 Type of debt security: Credit linked notes Nominal issued: ZAR 50 000 000.00 Issue date: 30 September 2020 Issue price: 100% Interest commencement date: 30 September 2020 Coupon rate: 3 Month JIBAR plus 372 basis points Interest amount: The amount determined by the Calculation Agent in accordance with Condition 8.2 (Interest on Floating Rate Notes) of the Terms and Conditions of the Notes less the Unwind Costs Difference Payment as set out in Annex 3 for the relevant Interest Payment Date, provided that should the Interest Amount determined in accordance with this provision be less than zero, the Interest Amount will be deemed to be zero and no Interest Amount will be payable by the Issuer. Interest determination date(s): The first Business Day of each Interest Period First interest payment date: 20 December 2020 Interest payment date(s): 20 March, 20 June, 20 September and 20 December of each year until the Maturity Date Last day to register: By 17:00 on 15 March, 15 June, 15 September and 15 December of each year until the Maturity Date Books close: 16 March, 16 June, 16 September and 16 December of each year until the Maturity Date Maturity date: 20 December 2025 Business day convention: Modified Following Business Day Final maturity amount: 100% of the Aggregate Nominal Amount outstanding at the Maturity Date less any outstanding Unwind Costs Difference Payment Other: The pricing supplement contains additional terms and conditions to the terms and conditions as contained in the programme Summary of additional terms: Please refer to the aggregate nominal amount, redemption/payment basis, interest payable on the note, interest amount, net asset value event, early redemption, credit linked note and reference CDS provisions contained in the pricing supplement Programme amount: ZAR 30 000 000 000.00 Total notes in issue under programme: ZAR 23 550 155 771.93 as at the signature date of the FRC346 pricing supplement Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited 28 September 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28-09-2020 02:07:00 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.