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FIRSTRAND BANK LIMITED - FSR FSRP - Pillar 3 Quarterly Disclosures as at 30 September 2020

Release Date: 24/11/2020 08:00
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FSR FSRP - Pillar 3 Quarterly Disclosures as at 30 September 2020

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
JSE company code ETN issuer: FRTN
LEI: ZAYQDKTCATIXF9OQY690
(FRB or the bank)

PILLAR 3 QUARTERLY DISCLOSURES AS AT 30 SEPTEMBER 2020

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 2020 are set out
below.

R million                                                FSR         FRB
Ordinary share capital and premium                     8 065      16 808
Other reserves and non-controlling interests         132 215      77 217
Regulatory deductions                               (14 977)      (2 919)
Total Common Equity Tier 1 capital                   125 303      91 106

Total Additional Tier 1 capital                        6 746       3 393

Total Tier 1 capital                                 132 049      94 499

Tier 2 instruments                                    20 558      19 504
Other qualifying reserves                              7 423       3 778
Regulatory deductions                                 (1 718)     (3 287)
Total Tier 2 capital                                  26 263      19 995

Total qualifying capital and reserves                158 312     114 494

Minimum capital requirement
Credit                                                97 786      65 828
Counterparty credit                                    4 051       3 581
Operational                                           18 150      13 905
Market                                                 3 915       3 480
Equity investment                                      3 350         551
Other assets                                           4 252       3 079
Threshold items                                        3 032       1 130
Total minimum capital requirement                    134 536      91 554


Common Equity Tier 1 capital ratio                      11.2%       11.9%
Tier 1 capital ratio                                    11.8%       12.4%
Total capital ratio                                     14.1%       15.0%

Notes:
- Figures above have not been reviewed or reported on by the group
  or bank’s external auditors.
- FRB includes foreign branches.
- Qualifying capital and reserves, and capital ratios exclude
  unappropriated profits.
- Capital ratios at 30 September 2020 include the transitional
  impact of IFRS 9.
- The disclosed minimum capital requirement excludes the
  confidential bank-specific individual capital requirement but
  includes the add-on for domestic systemically-important banks (D-
  SIB). The minimum requirement is 12.0% for both the group and the
  bank. The D-SIB requirement for both group and bank was 1.5%. The
  countercyclical buffer requirement at 30 September 2020 was 0%
  for both group and bank.

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

24 November 2020

Sponsor and debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 24-11-2020 08:00:00
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