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

VSETNC VSETNQ - 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 Monday, 2 December 2024, Visa
Inc paid a dividend of $0.59 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, 2 December 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 $0.59/share
Effective tax rate 15.00%
Reinvestment amount $0.5015/share
Reinvestment price $316.65/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/

3 December 2024

Debt sponsor
FirstRand Bank Limited

Date: 03-12-2024 03:52:00
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