FRS318 - Notification of a Partial Capital Reduction of Listed Debt Securities and Accrued Interest Payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS318
ISIN: ZAG000195512
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND ACCRUED
INTEREST PAYMENT

In accordance with the terms and conditions of FRB's R 60 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the partial capital
reduction and accrued interest payment of the FRS318 notes.

Bond code:                                                         FRS318
ISIN:                                                              ZAG000195512
Nominal amount before reduction:                                   R 155 029 506.00
Reduction of nominal amount:                                       R 53 016 802.00
Nominal amount after reduction:                                    R 102 012 704.00
Redemption / interest amount:                                      R 55 589 381.25, inclusive of interest
Annualised interest rate:                                          8.178584%
Interest rate for the relevant period:                             4.943%
Applicable formula:                                                IA = [INA * (1 + (Y *T)] * FXT/FX0, all
                                                                   definitions used in this calculation are as per
                                                                   the pricing supplement, with FXT at 22.8059
URL:                                                               https://www.firstrand.co.za/investors/debt-
                                                                   investor-centre/jse-listed-instruments/
Date convention:                                                   Following business day
Record date:                                                       16 November 2023
Pay date of the repurchase and accrued interest:                   17 November 2023
Effective date of the reduction in nominal amount:                 17 November 2023

This partial reduction is due to the amortization of the listed debt securities by the Issuer, in accordance with the
terms and conditions of the notes.



14 November 2023

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 14-11-2023 03:12:00
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