FIRSTRAND BANK LIMITED - FRS228 - Notification of a Full Capital Reduction of Listed Debt Securities and Accrued Interest Payment

FRS228 - Notification of a Full Capital Reduction of Listed Debt Securities and Accrued Interest Payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS228       ISIN: ZAG000169913
(FRB)

NOTIFICATION OF A FULL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND ACCRUED INTEREST PAYMENT


In accordance with the terms and conditions of the FRB R60 000 000 000.00 note programme dated 29 November 2011, as
amended or supplemented from time to time, noteholders are herewith advised of the full capital reduction of the FRS228 notes (the
notes) and the accrued interest paid thereon.

Bond code:                                                       FRS228
ISIN:                                                            ZAG000169913
Nominal amount before reduction:                                 R166 000 000.00
Reduction in nominal amount:                                     R166 000 000.00
Nominal amount after reduction:                                  R0.00
Settlement amount:                                               R282 608 454.00, an amount agreed upon with the
                                                                 noteholder and including accrued interest payment
Record date (for STRATE purposes):                               13 March 2025
Pay / settlement date:                                           14 March 2025
Effective date of reduction in nominal amount:                   14 March 2025
Accrued interest amount:                                         R358 151.00
Annualised interest and rate for the period rate:                4.5%
Applicable formula:                                              ANA * FC * DC * (FXFID/FXFSD), all definitions used
                                                                 in this calculation as per the pricing supplement, with
                                                                 FXFID being 18.24156
URL:                                                             https://www.firstrand.co.za/investors/debt-investor-
                                                                 centre/jse-listed-instruments/


This full reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the notes.


12 March 2025

Debt sponsor
FirstRand Bank Limited

Date: 12-03-2025 04:00:00
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