FRC101 FRC105 FRC106 FRC108 FRC148 FRC187 FRC99 FRC117 FRC175 FRC78 FRC79 FRC82 FRC95 FRC98 201408110050A
Credit Event Notice
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
(FRB)
CREDIT EVENT NOTICE
FirstRand Bank Limited hereby gives notice in accordance with:
1. Condition 4.11 of The FirstRand Bank Limited ZAR30
000 000 000 Note Programme;
2. Condition 4 of The FirstRand Bank Limited ZAR15 000 000
000 Note Programme;
of the occurrence of a Credit Event on notes issued with
the reference entity “African Bank Limited” as set out
in paragraph 54(j) and paragraph 30 of related
Applicable Pricing Supplement. The Credit event is
Bankruptcy, specifically sub-paragraph (f) of the
definitions (Bankruptcy) in the Note Programme and
section 4.2 of the ISDA Credit Derivatives Definitions.
This information has been published by the South African
Reserve Bank and The Star and Business Day newspapers
which fulfills the requirement of Publically Available
Information under the conditions to settlement.
Investors are advised that the Cash Settlement Amount of each
note will be determined in accordance with paragraph 51(z) or
32(e) of the relevant Applicable Pricing Supplement or as
agreed between the Issuer and each Noteholder. The Event
Determination Date is 11 August 2014.
11 August 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 11/08/2014 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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