FIRSTRAND BANK LIMITED - Notification of the full capital reduction of listed debt securities

Notification of the full capital reduction of listed debt securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS188       ISIN: ZAG000156506
(FRB)


NOTIFICATION OF THE FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, as amended and/or updated from time to time, noteholders are herewith advised of the full
capital reduction of the FRS188 notes.

Bond code:                                                        FRS188
ISIN:                                                             ZAG000156506
Nominal amount before reduction:                                  ZAR 196 000 000.00
Reduction of nominal amount:                                      ZAR 196 000 000.00
Nominal amount after reduction:                                   ZAR 0.00
Settlement / redemption amount:                                   ZAR 260 392 055.00
Calculation of settlement amount:                                 ILRA = ANA / FXFSD * (FIL / IIL + ARA *
                                                                  DC) * FXFVD, all definitions used in this
                                                                  calculation as per the pricing supplement
                                                                  with FIL at 1 633.86 and FXFVD at 18.26568
Pay date of the repurchase:                                       16 March 2021
Effective date of the reduction in nominal amount:                16 March 2021
URL to the pricing supplements:                                   https://www.firstrand.co.za/investors/debt-
                                                                  investor-centre/jse-listed-instruments/

The full capital reduction is due to the repurchase of the listed debt securities by FRB.



12 March 2021

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

Date: 12-03-2021 02:14:00
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