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FIRSTRAND BANK LIMITED - FRII - Notification of an Update to the Zar 100 000 000 000 Domestic Medium Term Note Programme

Release Date: 10/10/2019 11:37
 
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FRII - Notification of an Update to the Zar 100 000 000 000 Domestic Medium Term Note Programme

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Company code: FRII
(FRB)


NOTIFICATION OF AN UPDATE TO THE ZAR 100 000 000 000 DOMESTIC MEDIUM TERM NOTE
PROGRAMME

FRB has amended its ZAR 100 000 000 000 Domestic Medium Term Note programme memorandum
dated 1 November 2018 to correct an error. A summary of the changes effected in the updated ZAR 100
000 000 000 Domestic Medium Term Note programme memorandum dated 8 October 2019 (“updated
programme memorandum”) is provided below:

1. The insertion of the words “shall not” in paragraph 8.2 such that paragraph 8.2 now reads:
   “If, on any Interest Payment Date (the “Relevant Interest Payment Date”) the Interest Amount in
   respect of the Additional Tier 1 Notes shall not have been paid in full pursuant to Condition 8.1 (Non
   payment of interest), then from such Relevant Interest Payment Date until the date on which the
   Issuer next pays in full the Interest Amount due and payable on any succeeding Interest Payment
   Date on all outstanding Additional Tier 1 Notes, the Issuer shall not (and the Issuer shall procure
   that no member of the Issuer Group shall):…”

2. Ancillary changes to give effect to the above-mentioned amendment.

The updated programme memorandum is available for inspection at the registered office of FRB and
on the FRB website, https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-
programme-memoranda/

The updated programme memorandum will also be available for inspection on the JSE Limited’s
website, www.jse.co.za.



10 October 2019

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 10/10/2019 11:37:00
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