FIRSTRAND BANK LIMITED - FRE021 - Listing of Structured Product Notes

FRE021 - Listing of Structured Product 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: FRE021                   ISIN:     ZAE000355657
(FRB)

LISTING OF STRUCTURED PRODUCT NOTES

The JSE Limited (JSE) has granted FRB approval for the listing of the FRE021 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
Monday, 08 December 2025 and traded through any authorised user of the JSE.

Long name:                                            FRB SP359Dec3017
Short name:                                           FRBSP3017
Stock code:                                           FRE021
ISIN code:                                            ZAE000355657
Instrument number:                                    124732
Underlying asset:                                     Societe Generale SGI Dynamic US Equity & Gold Vol. Controlled 5.5%
                                                      Index
Issue date:                                           Monday, 08 December 2025
Issue size (units):                                   2 502 structured notes of R1 000 each
Denomination:                                         ZAR
Issue price (Rands):                                  R937.25

Instalment amounts:                                   On each instalment date, an amount in ZAR determined and calculated
                                                      by the calculation agent as per the pricing supplement
Instalment dates:                                     Friday, 08 December 2028 and the maturity date

First instalment:
Fixed Coupon amount:                                  An amount in ZAR determined and calculated by the
                                                      calculation agent equal to the below:
                                                      FCA =50%*ANA*(31%), all definitions used in this calculation are as per
                                                      the pricing supplement
Valuation date:                                       Wednesday, 29 November 2028
Finalisation date announced
by 11:00:                                             Friday, 01 December 2028
Last day to trade:                                    Friday, 01 December 2028
Ex-date:                                              Monday, 04 December 2028
Record date:                                          Wednesday, 06 December 2028
Payment date:                                         Friday, 08 December 2028

Last instalment:
Final redemption amount:                              As determined by the calculation agent in accordance with paragraph 8
                                                      of the pricing supplement
Valuation date:                                       Thursday, 28 November 2030
Finalisation date announced by 11:00:                 Monday, 02 December 2030
Last day to trade:                                    Monday, 02 December 2030
Suspension date:                                      Tuesday, 03 December 2030
Record date:                                          Thursday, 05 Dec 2030
Maturity/settlement date:                             Monday, 09 December 2030
Termination date:                                     Tuesday, 10 December 2030

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/.

4 December 2025

Debt sponsor
FirstRand Bank Limited

Date: 04-12-2025 09:30:00
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