FIRSTRAND BANK LIMITED - BKETNC BKETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

BKETNC BKETNQ -  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: BKETNC                ISIN: ZAE000334447
Alpha code: BKETNQ                ISIN: ZAE000334439
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the BKETNC and BKETNQ exchange-traded notes (ETNs) are advised that on Monday, 30
September 2024, Booking Holdings Inc. paid a dividend of $8.75 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 Monday, 30 September 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 $8.75/share
Effective tax rate 15%
Reinvestment amount $7.4375/share
Reinvestment price $4212.12/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/



1 October 2024

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

Date: 01-10-2024 05:00:00
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