FIRSTRAND BANK LIMITED - VSETNC VSETCQ - Receipt of Dividend Payment and Update to the Net Asset Value

VSETNC VSETCQ - 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: VSETNC                ISIN: ZAE000293627
Alpha code: VSETNQ                ISIN: ZAE000293635
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the VSETNC and VSETNQ exchange-traded notes (ETNs) are advised that on Friday, 1
March 2024, Visa Inc paid a dividend of $0.52 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
Friday, 1 March 2024. 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          $0.52/share
Effective tax rate       15%
Reinvestment amount      $0.442/share
Reinvestment price       $283.16/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/


4 March 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 04-03-2024 03:45:00
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