FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRC389 ISIN: ZAG000184136 Bond code: FRC425 ISIN: ZAG000188152 (FRB) NOTIFICATION OF FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENTS OF LISTED DEBT SECURITIES In accordance with the terms and conditions of FRB’s ZAR 60 000 000 000.00 note programme dated 29 November 2011, as amended or supplemented from time to time, noteholders are herewith advised of the full capital reductions and accrued interest payments of the FRC389 and FRC425 notes (the notes). Bond code: FRC389 ISIN: ZAG000184136 Nominal amount before reduction: ZAR 59 000 000.00 Reduction in nominal amount: ZAR 59 000 000.00 Nominal amount after reduction: ZAR 0.00 Settlement / redemption amount: ZAR 59 495 962.00 Accrued interest amount: ZAR 495 962.08, included in the settlement amount Annualised interest rate: 10.958% Bond code: FRC425 ISIN: ZAG000188152 Nominal amount before reduction: ZAR 50 000 000.00 Reduction in nominal amount: ZAR 50 000 000.00 Nominal amount after reduction: ZAR 0.00 Settlement/redemption amount: ZAR 50 420 307.00 Accrued interest amount: ZAR 420 306.85, included in the settlement amount Annualised interest rate: 10.958% Interest period: 28 April 2023 to 25 May 2023 Pay date/early redemption date: 26 May 2023 These reductions are due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the notes. 23 May 2023 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)