| Tue 15 Dec 2015, 10:50 | | FIRSTRAND BANK LIMITED - Notice to Elect to Make No Payment of Interest - FRC78/FRC82 |
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FRC78 FRC82 201512150024A
Notice to Elect to Make No Payment of Interest - FRC78/FRC82
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
(“FRB” or “the Issuer”)
NOTICE TO ELECT TO MAKE NO PAYMENT OF INTEREST IN TERMS OF
PARAGRAPH 11 OF THE FIRSTRAND BANK LIMITED ZAR15,000,000,000
STRUCTURED NOTE AND PREFERENCE SHARE PROGRAMME
1. In terms of this notice the Issuer of the Applicable Pricing Supplements issued under
the FirstRand Bank Limited ZAR15,000,000,000 Structured Note and Preference
Share Programme (the Programme) established pursuant to a programme
memorandum dated 11 February 2008 (the Programme Memorandum) elects to
make no Interest Payment on the next Interest Payment Date, which is 15 March 2016
to any Noteholders of:
1.1 applicable pricing supplement dated 10 October 2014 (the FRC78 Applicable
Pricing Supplement) in relation to the issue of ZAR22,350,000 Credit Linked
Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC78)
(the FRC78 Notes); and
1.2 applicable pricing supplement dated 17 November 2011 (the FRC82 Applicable
Pricing Supplement) in relation to the issue of ZAR2,100,000 Credit Linked
Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC82)
(the FRC82 Notes),
the FRC78 Notes and the FRC82 Notes, together constituting the Notes and the
FRC78 Applicable Pricing Supplement and the FRC82 Applicable Pricing Supplement,
together constituting the Applicable Pricing Supplements.
2. Capitalised terms used herein which are not otherwise defined shall bear the meaning
ascribed thereto in the Terms and Conditions where the context requires.
15 December 2015
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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