FIRSTRAND BANK LIMITED - APETNC APETNQ APETCN - Receipt of Dividend Payment and Update to the Net Asset Value

APETNC APETNQ APETCN -  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
JSE code: APETNC                  ISIN: ZAE000291183
NSX code: APETCN                  ISIN: ZAE000291183
JSE code: APETNQ                  ISIN: ZAE000291209
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the APETNC, APETCN and APETNQ exchange-traded notes (ETNs) are advised that on
Thursday, 16 May 2024, Apple Inc paid a dividend of $0.25 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, 16 May 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             $ 0.25/share
Effective tax rate          15%
Reinvestment amount         $ 0.2125/share
Reinvestment price          $ 189.84/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/


17 May 2024

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

Date: 17-05-2024 10:50:00
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