FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRTN LEI: ZAYQDKTCATIXF9OQY690 Alpha code: VSETNC ISIN: ZAE000293627 Alpha code: VSETNQ ISIN: ZAE000293635 (FRB) RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE Holders of the VSETNC and VSETNQ exchange-traded notes (ETNs) are advised that on Wednesday, 1 March 2023, Visa Inc paid a dividend of $0.45 per share. As per published guidance, this dividend was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US closing price on Wednesday, 1 March 2023. The result of the synthetic dividend reinvestment is to increase the fractional number of shares each ETN references and no distribution or payment will be made. Dividend amount $0.45/share Effective tax rate 15% Reinvestment amount $.0.3825/share Reinvestment price $218.36/share The daily published net asset value (NAV) has already been updated to include the effect of the dividend being paid, which can be viewed at: https://www.rmb.co.za/page/inward-listed-etns NAV formulae for the instruments can be found at: https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/ https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/ 03 March 2023 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)