FIRSTRAND BANK LIMITED - MSETNC MSETCN MSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

MSETNC MSETCN MSETNQ - 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)
JSE company code ETN issuer: FRTN
NSX company code ETN issuer: FRTNM
LEI: ZAYQDKTCATIXF9OQY690
JSE Alpha code: MSETNC             ISIN: ZAE000291142
NSX Alpha code: MSETCN             ISIN: ZAE000291142
JSE Alpha code: MSETNQ             ISIN: ZAE000291308
(FRB)

RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the MSETNC, MSETCN and MSETNQ exchange-traded notes (ETNs) are advised that on Thursday, 13 March
2025, Microsoft Corporation paid a dividend of $0.83 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 Thursday, 13 March 2025. 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 $0.83/share
Effective tax rate 15.00%
Reinvestment amount $0.7055/share
Reinvestment price $378.77/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/


14 March 2025

JSE Debt sponsor
FirstRand Bank Limited

NSX sponsor
Cirrus Securities (Pty) Ltd

Date: 14-03-2025 04:40:00
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