FIRSTRAND BANK LIMITED - COETNC COETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

COETNC COETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha Code: COETNC                ISIN: ZAE000291233
Alpha Code: COETNQ                ISIN: ZAE000291282
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the COETNC and COETNQ exchange-traded notes (ETNs) are advised that on Thursday,
1 April 2021, Coca-Cola Co paid a dividend of $0.42 per share. As per published guidance, this dividend
was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US closing price on
Monday, 5 April 2021. The result of the synthetic dividend reinvestment is to increase the fractional
number of shares each ETN references and no distribution or payment will be made.

Dividend amount          $0.42/share
Effective tax rate       50%
Reinvestment amount      $0.21/share
Reinvestment price       $52.81/share

The daily published net asset value (NAV) has already been updated to include the effect of the dividend
being paid, which can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/


7 April 2021

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

Date: 07-04-2021 03:30:00
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