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Wed 25 May 2011, 12:23 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" or "the Company")                                                  
QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY                               
FirstRand Limited is a registered bank controlling company, therefore it is     
required in terms of Pillar 3 of the Basel II Capital Accord, to disclose       
quantitative information on its capital adequacy ratios on a quarterly basis.   
The consolidated capital position of FirstRand Limited is set out below.        
March 2011     December 2010                    
                                Rm       %     Rm       %                       
Primary capital                                                                 
Ordinary share capital and         5 223                                        
premium                                         5 248                           
Qualifying reserves               43 961         43 966                         
Preference shares                 4 519         4 519                           
Minority interest                 2 573         2 869                           
Less: Regulatory deductions       4 311         5 047                           
against primary capital                                                         
Total primary capital             51 965        51 555                          
                                                                                
Secondary capital                                                               
Subordinated debt instruments     5 701         5 692                           
Qualifying Upper Tier 2           1 068         1 068                           
instruments                                                                     
Other qualifying reserves         208           199                             
Less: Regulatory deductions       1 463         620                             
against secondary capital                                                       
Total secondary capital          5 514          6 339                           

Total regulatory capital         57 479         57 894                          
                                                                                
Total capital requirement        36 586         35 957                          

Primary capital adequacy ratio            13.49          13.62                  
Total capital adequacy ratio              14.92          15.30                  
Notes:                                                                          
The figures above have not been reviewed/audited by the Company`s external      
auditors.                                                                       
Share capital and reserves do not include unappropriated profits.               
Sandton                                                                         
25 May 2011                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 25/05/2011 12:23:01 Produced by the JSE SENS Department.                  
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