FIRSTRAND BANK LIMITED - FRII - Notification of Full Capital Reductions and Accrued Interest Payments of Listed Debt Securities

FRII - Notification of Full Capital Reductions and Accrued Interest Payments 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: FRC437       ISIN: ZAG000189531
Bond code: FRS289       ISIN: ZAG000182115
Bond code: FRS295       ISIN: ZAG000184425
Bond code: FRS297       ISIN: ZAG000185125
Bond code: FRS303       ISIN: ZAG000186172
Bond code: FRS304       ISIN: ZAG000186644
(FRB)


NOTIFICATION OF FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENTS OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 60 000 000 000.00 note programme dated 29
November 2011, as amended or supplemented from time to time, noteholders are herewith advised of the full
capital reductions and accrued interest payments of the FRC437, FRS289, FRS295, FRS297, FRS303 and
FRS304 notes (the notes).

Bond code:                                                   FRC437
ISIN:                                                        ZAG000189531
Nominal amount before reduction:                             ZAR 30 000 000.00
Reduction in nominal amount:                                 ZAR 30 000 000.00
Nominal amount after reduction:                              ZAR 0.00
Settlement/redemption amount:                                ZAR 30 928 767.00
Accrued interest amount:                                     ZAR 928 767.12, included in the settlement
                                                             amount
Annualised interest rate:                                    10.000%

Bond code:                                                   FRS289
ISIN:                                                        ZAG000182155
Nominal amount before reduction:                             ZAR 25 000 000.00
Reduction in nominal amount:                                 ZAR 25 000 000.00
Nominal amount after reduction:                              ZAR 0.00
Settlement/redemption amount:                                ZAR 25 728 231.00
Accrued interest amount:                                     ZAR 728 230.82, included in the settlement
                                                             amount
Annualised interest rate:                                    9.409%

Bond code:                                                   FRS295
ISIN:                                                        ZAG000184425
Nominal amount before reduction:                             ZAR 25 000 000.00
Reduction in nominal amount:                                 ZAR 25 000 000.00
Nominal amount after reduction:                              ZAR 0.00
Settlement/redemption amount:                                ZAR 25 731 404.00
Accrued interest amount:                                     ZAR 731 404.11, included in the settlement
                                                             amount
Annualised interest rate:                                    9.450%

Bond code:                                                   FRS297
ISIN:                                                        ZAG000185125
Nominal amount before reduction:                             ZAR 40 000 000.00
Reduction in nominal amount:                                 ZAR 40 000 000.00
Nominal amount after reduction:                              ZAR 0.00
Settlement/redemption amount:                                ZAR 41 159 349.00
Accrued interest amount:                                     ZAR 1 159 349.04, included in the settlement
                                                             amount
Annualised interest rate:                                    9.3620%

Bond code:                                                   FRS303
ISIN:                                                        ZAG000186172
Nominal amount before reduction:                             ZAR 30 000 000.00
Reduction in nominal amount:                                 ZAR 30 000 000.00
Nominal amount after reduction:                              ZAR 0.00
Settlement/redemption amount:                                ZAR 30 900 904.00
Accrued interest amount:                                     ZAR 900 904.11, included in the settlement
                                                             amount
Annualised interest rate:                                    9.700%

Bond code:                                                   FRS304
ISIN:                                                        ZAG000186644
Nominal amount before reduction:                             ZAR 30 000 000.00
Reduction in nominal amount:                                 ZAR 30 000 000.00
Nominal amount after reduction:                              ZAR 0.00
Settlement/redemption amount:                                ZAR 30 885 533.00
Accrued interest amount:                                     ZAR 885 533.01, included in the settlement
                                                             amount
Annualised interest rate:                                    9.5345%


Interest period:                                             31 January 2023 to 23 May 2023
Pay date/early redemption date:                              24 May 2023


These reductions are due to the repurchase of the notes by FRB, in accordance with the terms and conditions of
the notes.


22 May 2023

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

Date: 22-05-2023 02:25:00
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