Pillar 3 Quarterly Disclosures as at 30 September 2019 FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number 1966/010753/06) JSE ordinary share code: FSR Ordinary share ISIN: ZAE000066304 JSE B preference share code: FSRP B preference share ISIN: ZAE000060141 NSX ordinary share code: FST LEI:529900XYOP8CUZU7R671 (FSR 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 LEI: ZAYQDKTCATIXF9OQY690 (FRB or the bank) PILLAR 3 QUARTERLY DISCLOSURES AS AT 30 SEPTEMBER 2019 Regulation 43 of the Regulations relating to Banks requires the group to disclose quarterly information on its capital adequacy. The capital positions (excluding unappropriated profits) for the group and the bank for the quarter ended 30 September 2019 are set out below. R million FSR FRB Ordinary share capital and premium 8 079 16 808 Other reserves and non-controlling interests 121 770 72 363 Regulatory deductions (11 092) (494) Total Common Equity Tier 1 capital 118 757 88 677 Total Additional Tier 1 capital 8 435 4 847 Total Tier 1 capital 127 192 93 524 Tier 2 instruments 23 649 22 486 Other qualifying reserves 3 908 931 Regulatory deductions (2 717) (2 849) Total Tier 2 capital 24 840 20 568 Total qualifying capital and reserves 152 032 114 092 Minimum capital requirement Credit 89 587 61 138 Counterparty credit 2 155 1 979 Operational 16 798 12 528 Market 3 069 2 758 Equity investment 3 496 706 Other assets 4 069 3 076 Threshold items 2 858 1 001 Total minimum capital requirement 122 032 83 186 Common Equity Tier 1 capital ratio 11.4% 12.3% Tier 1 capital ratio 12.2% 13.0% Total capital ratio 14.6% 15.8% Notes: - The figures above have not been reviewed or reported on by the group’s or the bank’s external auditors. - FRB includes foreign branches. - Total qualifying capital and reserves and capital ratios exclude unappropriated profits. - Capital ratios as at 30 September 2019 include the transitional impact of IFRS 9. - The disclosed minimum capital requirement excludes the confidential bank-specific individual capital requirement and add-on for domestic systemically-important banks, but includes the countercyclical buffer requirement. The minimum requirement is 11.69% and 11.55% for the group and the bank, respectively. - The group is required to calculate the countercyclical buffer requirement on private sector credit exposures in foreign jurisdictions where these buffer requirements are applicable. The current impact on the minimum requirements for the group and the bank is 18.6 bps and 4.9 bps, respectively. ADDITIONAL DISCLOSURE Regulation 43 of the Regulations relating to banks and the BCBS Pillar 3 framework require additional quarterly disclosures on capital, risk weighted assets, leverage and liquidity. These disclosures are available on the group’s website: https://www.firstrand.co.za/investors/basel-pillar-3-disclosure/ Sandton 28 November 2019 Sponsor and Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 28-11-2019 10:00:00 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.
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