FIRSTRAND BANK LIMITED - FRE023 - Listing of Structured Products Notes

FRE023 - Listing of Structured Products Notes

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code structured product issuer: FRBT
LEI: ZAYQDKTCATIXF9OQY690
Stock code: FRE023         ISIN: ZAE000358008
(FRB)

LISTING OF STRUCTURED PRODUCT NOTES

The JSE Limited (JSE) has granted FRB approval for the listing of the FRE023 structured products notes (SPs), which will be
listed on the main board of the JSE in the investment products sector, with effect from the commencement of business on
Tuesday, 24 February 2026 and traded through any authorised user of the JSE.

 Long name:                                            FRB SPCP24Feb311
 Short name:                                           FRBSP3101
 Stock code:                                           FRE023
 ISIN code:                                            ZAE000358008
 Instrument number:                                    125709
 Underlying asset:                                     Societe Generale SGI Dynamic US Equity & Gold Vol. Controlled
                                                       5.5% Index
 Issue date:                                           Tuesday, 24 February 2026
 Issue size (units):                                   100 000 structured notes of R1 000 each
 Denomination:                                         ZAR
 Issue price (Rands):                                  R1 000
 Valuation date:                                       Thursday, 13 February 2031
 Finalisation date announced by 11:00:                 Monday, 17 February 2031
 Last day to trade:                                    Monday, 17 February 2031
 Suspension date:                                      Tuesday, 18 February 2031
 Record date:                                          Thursday, 20 February 2031
 Maturity/settlement date:                             Monday, 24 February 2031
 Termination date:                                     Tuesday, 25 February 2031
 Final redemption amount:                              An amount in ZAR determined and calculated by the calculation
                                                       agent equal to the index linked redemption amount:
                                                       ILRA = ANA * (100% + PPN * MAX((FIL / IIL) – CS; 0)
                                                       * (FXFVD/FXFSD)), all definitions used in this calculation are as per
                                                       the pricing supplement
 Contact:                                              David van Wyk
 Telephone number:                                     +27 11 282 8000

The pricing supplement will be available for inspection through a secure electronic manner at the election of the person
requesting inspection, upon request, and has been made available for inspection on the FirstRand Limited website:
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/.

19 February 2026

Debt sponsor
FirstRand Bank Limited

Date: 19-02-2026 01:25:00
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