FIRSTRAND LIMITED - FSDI - Notification of Amendments to the FirstRand R150 Billion DMTN Programme and Update to Documents Incorporated by Reference

FSDI - Notification of Amendments to the FirstRand R150 Billion DMTN Programme and Update to Documents Incorporated by Reference

FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE interest rate issuer code: FSDI
LEI: 529900XYOP8CUZU7R671
(FirstRand or the group)

NOTIFICATION OF AMENDMENTS TO THE FIRSTRAND R150 BILLION DMTN PROGRAMME AND UPDATE TO
DOCUMENTS INCORPORATED BY REFERENCE

NOTIFICATION OF AMENDMENTS TO THE DMTN PROGRAMME
FirstRand has received approval from the JSE Limited (JSE) in terms of its amended and restated its R150 billion Domestic
Medium Term Note Programme (DMTN programme) dated 5 October 2026. A summary of the changes to the DMTN
Programme is provided below:

     1.   Incorporation by reference of the FirstRand sustainable finance framework and the FirstRand transition finance
          framework, with related amendments to the green, social, sustainability and sustainability-linked bond terms and
          conditions, as well as the addition of transition bond terms and conditions, aligned to the JSE Debt and Specialist
          Securities Listings Requirements (DSSLR);
     2.   Condition 10 (Interest) has been revised to cater for the South African Rand Overnight Index Average Rate
          (ZARONIA) transition and fallback language including the removal of the Johannesburg Interbank Average Rate
          (JIBAR) related terms and conditions;
     3.   The pro forma applicable pricing supplements have been amended to:
               a. cater for ZARONIA-linked notes;
               b. simplify the disclosure requirements in the sustainability provisions for green/social/sustainability use of
                  proceeds bonds;
               c. include provisions for transition use of proceeds bonds;
               d. other technical amendments;
     4.   The Flac notes pro forma applicable pricing supplement has been enhanced to enable the issuance of thematic
          (green/social/sustainability/transition use of proceeds) Flac instruments;
     5.   Updates to the definitions and other ancillary changes to give effect to the above-mentioned amendments.

UPDATE TO DOCUMENTS INCORPORATED BY REFERENCE
Noteholders are further advised that the following documents, incorporated by reference in the FirstRand DMTN programme
have been updated:
    • Issuer Disclosure Document;
    • Corporate Governance and Director Disclosure Document;
    • Risk Factors Relating to the Issuer Document; and
    • Risk Factors Relating to Notes Document.

The amended and restated DMTN programme and updated documents listed above are available for inspection through a
secure electronic manner at the election of the person requesting inspection and online at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/ (under the "FirstRand
Limited" tab).

6 October 2026

Debt sponsor
FirstRand Bank Limited
Date: 06/10/2026 01:30:12
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