FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRC299 ISIN: ZAG000159575 Bond code: FRC323 ISIN: ZAG000163874 Bond code: FRC341 ISIN: ZAG000168675 (FRB) NOTIFICATION OF A WRITE-DOWN OF NOTES DUE TO A CREDIT EVENT CALLED BY FRB Noteholders are referred to the SENS announcement released on 12 May 2022 whereby FRB notified noteholders of a credit event on the FRC299, FRC323 and FRC341 notes, which referenced Talen Energy Supply LLC as a constituent of the underlying reference index, the Markit CDX North America High Yield Index. FRB hereby gives notice to the FRC299, FRC323 and FRC341 noteholders, in accordance with the terms and conditions of the ZAR30 000 000 000 note programme dated 29 November 2011, as amended from time to time, of the write-down applicable in accordance with paragraph 51(D) of the FRC299, FRC323 and FRC341 pricing supplements, with the effective/pay date being Tuesday, 14 June 2022. Bond code: FRC299 ISIN: ZAG000159575 Amount before write-down: ZAR 89 000 000.00 Write-down amount: ZAR 1 000 000.00 Amount after write-down: ZAR 88 000 000.00 Bond code: FRC323 ISIN: ZAG000163874 Amount before write-down: ZAR 57 850 000.00 Write-down amount: ZAR 650 000.00 Amount after write-down: ZAR 57 200 000.00 Bond code: FRC341 ISIN: ZAG000168675 Amount before write-down: ZAR 178 000 000.00 Write-down amount: ZAR 2 000 000.00 Amount after write-down: ZAR 176 000 000.00 The portion of the FRC299, FRC323 and FRC341 notes impacted by the credit event will be cash settled through Strate Proprietary Limited, with the amount of cash due being: Bond code: FRC299 Cash amount: ZAR 700 999.75 Bond code: FRC323 Cash amount: ZAR 455 071.59 Bond code: FRC341 Cash amount: ZAR 1 303 489.52 The record date in respect of the credit event will be Monday, 13 June 2022. The pricing supplements will be amended as follows: 1. to remove the above-mentioned entity and update the weightings in Annexure 2 in each pricing supplement; 2. the aggregate nominal amount in paragraph 7(a) in each of the pricing supplements will be amended to the above-mentioned amounts after the write-down; and 3. the number of notes in paragraph 9 of the pricing supplements will be amended to cater for the above-mentioned write-downs. The amended pricing supplements will available at: https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/. 9 June 2022 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)