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Wed 17 Nov 2010, 12:26 FSR/FSRP - FirstRand Limited - Quarterly disclosure on Basel II Capital Adequacy
FSR   FSRP
FSR                                                                             
FSR/FSRP - FirstRand Limited - Quarterly disclosure on Basel II Capital Adequacy
FirstRand Limited                                                               
(Incorporated in South Africa)                                                  
(Registration number 1966/010753/06)                                            
JSE Ordinary Share Code: FSR                                                    
JSE ISIN: ZAE000066304                                                          
JSE "B" Preference Share Code: FSRP                                             
JSE ISIN: ZAE000060141                                                          
NSX Ordinary Share Code: FSR                                                    
("FirstRand")                                                                   
QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY                               
In terms of the group restructuring on 1 July 2010, FirstRand Limited became the
bank controlling company, therefore, it is required in terms of Pillar 3 under  
Basel II, to disclose quantitative information on its capital adequacy ratios on
a quarterly basis. The consolidated capital position of FirstRand is set out    
below.                                                                          
                                                 September 2010                 
                                                 R million     %                
Primary capital                                                                 
Ordinary share capital and premium                2 093                         
Ordinary shareholders` reserves                   43 961                        
Preference shares                                 4 519                         
Minority interest                                 3 033                         
Regulatory deductions against primary capital     (3 722)                       
Total primary capital                             49 884                        
                                                                                
Secondary capital                                                               
Subordinated debt instruments                     5 712                         
Qualifying Upper Tier 2 instruments               1 068                         
                                                                                
Other qualifying reserves                         196                           
Regulatory deductions against secondary capital   (551)                         
Total secondary capital                           6 425                         
                                                                                
Total regulatory capital                          56 309                        

Total capital requirement                         39 493                        
                                                                                
Primary capital adequacy ratio                                  13.23           
Total capital adequacy ratio                                    14.93           
Notes:                                                                          
The figures above have not been audited.                                        
Share capital and reserves do not include unappropriated profits.               
Sandton                                                                         
17 November 2010                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/11/2010 12:26:01 Produced by the JSE SENS Department.                  
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