FRS37 - 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: FRS37        ISIN: ZAG000077793
(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 R60 000 000 000.00 note programme dated 29
November 2011, as amended or supplemented from time to time, noteholders are herewith advised of the
partial capital reduction of the FRS37 notes (the notes) and accrued interest payment.

Bond code:                                                     FRS37
ISIN:                                                          ZAG000077793
Repurchase nominal amount:                                     R 138 424 000.00
Remaining nominal amount in issue:                             R 201 000 000.00
Settlement / repurchase amount:                                R 474 325 147.00
Pay date / repurchase date:                                    15 November 2023
Effective date of repurchase:                                  15 November 2023
Accrued interest amount:                                       ZAR 9 842 585.00, included in the settlement
                                                               amount
Annualised coupon rate:                                        5.50%
Base CPI:                                                      41.172470
Ref CPI:                                                       138.154471
Pay date / effective date:                                     15 November 2023

This reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the
notes. The repurchased nominal amount will be held by FRB until the maturity date of the note being 7
December 2023.

17 November 2023

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

Date: 17-11-2023 02:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.