FIRSTRAND BANK LIMITED - GSETNC GSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

GSETNC GSETNQ - 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: GSETNC                ISIN: ZAE000293569
Alpha code: GSETNQ                ISIN: ZAE000293577
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the GSETNC and GSETNQ exchange-traded notes (ETNs) are advised that on Thursday,
28 December 2023, Goldman Sachs Group Inc paid a dividend of $2.75 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 Thursday, 28 December 2023. 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          $2.75/share
Effective tax rate       15%
Reinvestment amount      $2.3375/share
Reinvestment price       $386.41/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/


8 January 2024

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

Date: 08-01-2024 10:28:00
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