FIRSTRAND BANK LIMITED - FRS222 - Notification of the full capital reduction and accrued interest payment of listed debt securities

FRS222 - Notification of the full capital reduction and accrued interest payment of listed debt securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS222
ISIN: ZAG000169228
(FRB)


NOTIFICATION OF THE FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

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 reduction
and accrued interest payment of the FRS222 notes.

Bond code:                                                     FRS222
ISIN:                                                          ZAG000169228
Nominal amount before reduction:                               ZAR 60 000 000.00
Reduction of nominal amount:                                   ZAR 60 000 000.00
Nominal amount after reduction:                                ZAR 0.00
Settlement / redemption amount:                                ZAR 61 220 400.00
Pay date of the repurchase and accrued interest:               13 June 2022
Effective date of the reduction in nominal amount:             13 June 2022

Accrued interest amount:                                       ZAR 1 238 866.85, included in the settlement
                                                               amount
Annualised interest rate:                                      11.083%
Interest period:                                               6 April 2022 to 12 June 2022

This note will be settled free of value as the settlement amount has been utilised in the issuance of a new
note, FRS305.

The full capital reduction is due to the repurchase of the FRS222 notes by FRB.



8 June 2022

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

Date: 08-06-2022 02:50:00
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