Dealings by directors, prescribed officers and the company secretary in terms of the FirstRand 2024 BSOP
FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE share code: FSR; ISIN: ZAE000066304
NSX share code: FST
JSE company code interest rate issuer: FSDI
LEI: 529900XYOP8CUZU7R671
(FirstRand)
DEALINGS BY DIRECTORS, PRESCRIBED OFFICERS AND THE COMPANY SECRETARY IN
TERMS OF THE FIRSTRAND 2024 BONUS SHARE OWNERSHIP SCHEME (BSOP)
In accordance with the JSE Limited Listings Requirements, shareholders are advised that FirstRand has
acquired 4 603 524 ordinary shares on the open market in order to satisfy the obligations of the BSOP and the
share awards granted to BSOP participants in September 2025. The acquired shares have been transferred to
the participants' restricted accounts, pre-tax and less the cost of acquisition. These shares are deferred and
only vest in September 2027, at which point the total value of the shares will be subject to income tax
deductions.
The ordinary shares were acquired at a volume-weighted average price (VWAP) of R89.19 per ordinary share.
with the total transaction value amounting to R 410 588 305.56. The daily VWAP, highest price and lowest
price for the various trades by FirstRand is detailed below. Clearance to trade has been obtained.
Date of trade Number of ordinary VWAP (cents per Highest price paid Lowest price paid
shares acquired share) (cents per share) (cents per share)
11-Mar-26 2 689 424 8 979 9 173 8 874
12-Mar-26 1 603 207 8 851 8 943 8 790
13-Mar-26 310 893 8 744 8 800 8 702
Allocations to executive directors, prescribed officers and the company secretary are detailed below.
(1)
Executive Director : Mary Vilakazi
Company : FirstRand
Nature of transaction : On-market purchase of restricted ordinary shares
Class of securities : Ordinary shares
Total number of restricted ordinary shares : 117 297
Total value of award : R10 461 719.43
Nature of interest : Direct beneficial
Clearance obtained : Yes
(2)
Executive Director : Markos George Davias
Company : FirstRand
Nature of transaction : On-market purchase of ordinary shares
Class of securities : Ordinary shares
Total number of restricted ordinary shares : 89 369
Total value of award : R7 970 821.11
Nature of interest : Direct beneficial
Clearance obtained : Yes
(3)
Prescribed Officer : Hetash Surendrakumar Kellan
Company : FirstRand
Nature of transaction : On-market purchase of ordinary shares
Class of securities : Ordinary shares
Total number of restricted ordinary share : 100 540
Total value of award : R8 967 162.60
Nature of interest : Direct beneficial
Clearance obtained : Yes
(4)
Prescribed Officer : Emmarentia Aletta Brown
Company : FirstRand
Nature of transaction : On-market purchase of ordinary shares
Class of securities : Ordinary shares
Total number of restricted ordinary shares : 102 887
Total value of award : R9 176 491.53
Nature of interest : Direct beneficial
Clearance obtained : Yes
(5)
Company Secretary : Carnita Low
Company : FirstRand
Nature of transaction : On-market purchase of ordinary shares
Class of securities : Ordinary shares
Total number of restricted ordinary shares : 27 927
Total value of award : R2 490 809.13
Nature of interest : Direct beneficial
Clearance obtained : Yes
Sandton
17 March 2026
Sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Debt sponsor
FirstRand Bank Limited
Date: 17-03-2026 05:40:00
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