FIRSTRAND BANK LIMITED - MCETNC MCETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

MCETNC MCETNQ - 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
(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 June 2021, 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 June 2021. 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       $235.58/share

The daily published net asset value (NAV) has already been updated to include the effect of the dividend
being paid, which can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the 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/


21 June 2021

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

Date: 21-06-2021 09:15:00
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