FIRSTRAND BANK LIMITED - FRBT - Appointment of joint Auditor and changes to the Board

FRBT - Appointment of joint Auditor and changes to the Board

`FIRSTRAND BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code structured product issuer: FRBT
LEI: ZAYQDKTCATIXF9OQY690
(FRB)

APPOINTMENT OF JOINT AUDITOR AND CHANGES TO THE BOARD

Potential securityholders are referred to the announcement released on the Stock Exchange News Service (SENS) on
Monday, 6 December 2021. Whilst mandatory audit firm rotation is no longer a requirement, the board has engaged in a
process of voluntary audit firm rotation. Accordingly, in terms of paragraph 3.78 of the JSE Limited (JSE) Listings
Requirements and following the approval of ordinary resolution 2.1 by FirstRand Limited's ordinary shareholders at the
annual general meeting held on Thursday, 30 November 2023, FRB confirms the appointment of Ernst & Young Inc. as joint
external auditor for the financial year ending 30 June 2024 (replacing Deloitte & Touche) with effect from Thursday, 30
November 2023.

The appointment of Ernst & Young Inc. as joint external auditor remains subject to regulatory approval.

In compliance with paragraph 3.59 of the JSE Listings Requirements, potential securityholders are hereby advised that
having reached his nine-year tenure in terms of Directive 4 of 2018 of the South African Reserve Bank's Prudential Authority,
Mr RM Loubser has retired from the board with effect from Thursday, 30 November 2023. The board would like to thank Mr
Loubser for his leadership, knowledge, stewardship, and dedicated service as an independent non-executive director.

Potential securityholders are referred to the announcement released on SENS on Wednesday, 4 October 2023 in relation to
the resignation of Mr RW Jardine effective Thursday, 30 November 2023. The directors thank Mr Jardine for his strong
stewardship of the board and wish him well in his future endeavours.

30 November 2023

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 30-11-2023 02:00:00
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