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 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.