FIRSTRAND BANK LIMITED - FRC489 - Notification of a Write-Down of Notes Due to a Credit Event Called by FRB

FRC489 -  Notification of a Write-Down of Notes Due to a Credit Event Called by FRB

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC489       ISIN: ZAG000199969
(FRB)

NOTIFICATION OF A WRITE-DOWN OF NOTES DUE TO A CREDIT EVENT CALLED BY FRB

Noteholders are referred to the SENS announcement released on 1 August 2024 whereby FRB notified
noteholders of a credit event on the FRC489 notes, which referenced Atos SE as a constituent of the
underlying reference index, the Markit iTraxx® Europe Crossover Index as set out in paragraph 93(e)
of the applicable pricing supplement for the affected note.

FRB hereby gives notice to the FRC489 noteholders, in accordance with the terms and conditions of
the R60 000 000 000 note programme dated 29 November 2011, as amended from time to time, of the
write-down applicable in accordance with paragraph 51(D) of the FRC489 pricing supplement, with the
effective/pay date being Tuesday, 22 October 2024.

Bond code:                                    FRC489
ISIN:                                         ZAG000199969
Amount before write-down:                     R 50 000 000.00
Write-down amount:                            R 667 000.00
Amount after write-down:                      R 49 333 000.00

The portion of the FRC489 notes impacted by the credit event will be cash settled, with the amount of
cash due being:

Bond code:                                    FRC489
Cash amount:                                  R 7 193.26

For this note, the cash amount will be settled through STRATE.

The record date in respect of the credit event will be Monday, 21 October 2024.

The pricing supplement will be amended as follows:
   1. to remove the above-mentioned entity and update the weightings in Annexure 2 in the pricing
      supplement;
   2. the aggregate nominal amount in paragraph 7(a) in the pricing supplement will be amended to
      the above-mentioned amount after the write-down; and
   3. the number of notes in paragraph 9 of the pricing supplement will be amended to cater for the
      above-mentioned write-down.

The amended pricing supplement will be available at:
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/.


16 October 2024

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

Date: 16-10-2024 04:30:00
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