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Thu 17 Nov 2011, 12:12 FSR - FirstRand Limited - Quarterly disclosure on Basel ii Capital adequacy
FSR   FSRP
FSR                                                                             
FSR - 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 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 is set out below.         
September 2011 June 2011                        
                                Rm       %     Rm       %                       
Primary capital                                                                 
Ordinary share capital and         5 154                                        
premium                                         4 998                           
Qualifying reserves               48 689         48 679                         
Non-cumulative non-redeemable     4 519         4 519                           
preference shares                                                               
Non-controlling interests         2 959         3 069                           
Regulatory deductions against    (3 240)        (3 521)                         
primary capital                                                                 
Total primary capital             58 081        57 744                          

Secondary capital                                                               
Subordinated debt instruments     5 746         5 712                           
Qualifying Upper Tier 2           1 062         1 042                           
instruments                                                                     
Other qualifying reserves         204           202                             
Regulatory deductions against    (1 077)        (1 154)                         
secondary capital                                                               
Total secondary capital          5 935          5 802                           
                                                                                
Total regulatory capital         64 016         63 546                          
                                                                                
Total capital requirement        39 268         36 592                          
                                                                                
Primary capital adequacy ratio            14.05          14.99                  
Total capital adequacy ratio              15.49          16.50                  
Notes:                                                                          
The figures above have not been reviewed/audited by the Company`s external      
auditors.                                                                       
Share capital and reserves do not include unappropriated profits.               
The total capital requirement excludes any Pillar 2b add-on.                    
Sandton                                                                         
17 November 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/11/2011 12:12:56 Produced by the JSE SENS Department.                  
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