FRS238 - 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: FRS238 ISIN: ZAG000171679 (FRB) LISTING OF NEW FINANCIAL INSTRUMENT The JSE has granted FRB the listing of its senior unsecured unsubordinated bond linked notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 13 October 2020. Debt security code: FRS238 ISIN: ZAG000171679 Type of debt security: Bond linked notes Nominal issued: ZAR 25 000 000.00 Issue date: 13 October 2020 Issue price: 100% Interest commencement date: 13 October 2020 Coupon rate: 3 Month JIBAR plus 635 basis points Interest determination date(s): The first Business Day of each Interest Period, with the first Interest Determination Date being the Issue Date First interest payment date: 13 January 2021 Interest payment date(s): 13 January, 13 April, 13 July and 13 October of each year until the Maturity Date Last day to register: By 17:00 on 8 January, 8 April, 8 July and 8 October of each year until the Maturity Date Books close: 9 January, 9 April, 9 July and 9 October of each year until the Maturity Date Maturity date: 13 October 2023 Business day convention: Modified Following Business Day Final maturity amount: Physical settlement of the Reference Bond 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 net asset value event, reference bond early redemption event, early redemption at the option of the issuer, final redemption amount, early redemption amount, reference bond and hedging disruption provisions contained in the pricing supplement Programme amount: ZAR 30 000 000 000.00 Total notes in issue under programme: ZAR 23 560 155 771.93 as at the signature date of the FRS238 pricing supplement Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited 12 October 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12-10-2020 10:05:00 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.