Amendment to FirstRand Limited and FirstRand Bank Limited Credit Ratings FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR JSE ordinary share ISIN: ZAE000066304 JSE B preference share code: FSRP JSE B preference share ISIN: ZAE000060141 NSX ordinary share code: FST (FirstRand or the group) FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) JSE company code interest rate issuer: FRII JSE company code debt issuer: FRD JSE company code ETF issuer: FRLE (FRB or the bank) AMENDMENT TO FIRSTRAND LIMITED AND FIRSTRAND BANK LIMITED CREDIT RATINGS On 2 July 2018, S&P Global Ratings (S&P) raised it national scale ratings on South Africa’s financial institutions and removed them from under criteria observation. This follows the revision of its criteria on national scale ratings and subsequent recalibration of the mapping table for South Africa. These rating actions do not reflect any change in the fundamental credit quality of the bank. Summary of rating actions on FirstRand Bank Limited and FirstRand Limited: To From FirstRand Bank Limited Counterparty credit rating – South Africa national scale zaAA+ zaAA- Subordinated zaAA- zaA Junior subordinated zaA zaBBB+ FirstRand Limited Counterparty credit rating – South Africa national scale zaA/zaA-1 zaBBB+/zaA-2 S&P’s press release can be accessed on: www.spglobal.com. 4 July 2018 Sponsor and Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 04/07/2018 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.