FRTN - Receipt of Dividend Payment and Update to the Net Asset Value FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRTN LEI: ZAYQDKTCATIXF9OQY690 Alpha Code: MCETNC ISIN: ZAE000291175 Alpha Code: MCETNQ ISIN: ZAE000291167 Alpha Code: COETNC ISIN: ZAE000291233 Alpha Code: COETNQ ISIN: ZAE000291282 (FRB) RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE Holders of the MCETNC and MCETNQ exchange-traded notes (ETNs) are advised that on Tuesday, 15 December 2020, McDonald’s Corp paid a dividend of $1.29 per share. As per published guidance, this dividend was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US closing price on Wednesday, 16 December 2020. The result of the synthetic dividend reinvestment is to increase the fractional number of shares each ETN references and no distribution or payment will be made. Dividend amount $1.29 / share Effective tax rate 50% Reinvestment amount $0.645 / share Reinvestment price $213.80 / share Holders of the COETNC and COETNQ exchange-traded notes (ETNs) are also advised that on Tuesday, 15 December 2020, The Coca-Cola Co paid a dividend of $0.41 per share. As per published guidance, this dividend was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US closing price on Wednesday, 16 December 2020. The result of the synthetic dividend reinvestment is to increase the fractional number of shares each ETN references and no distribution or payment will be made. Dividend amount $0.41 / share Effective tax rate 50% Reinvestment amount $0.205 / share Reinvestment price $53.06 / share The daily published net asset values (NAVs) have already been updated to include the effect of the dividends being paid, which can be viewed at: https://www.rmb.co.za/page/inward-listed-etns NAVs formulae for all the above mentioned instruments can be found at: https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/ https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/ 17 December 2020 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 17-12-2020 11:15:00 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.