FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRTN LEI: ZAYQDKTCATIXF9OQY690 Alpha code: MSETNC ISIN: ZAE000291142 Alpha code: MSETNQ ISIN: ZAE000291308 (FRB) RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE Holders of the MSETNC and MSETNQ exchange-traded notes (ETNs) are advised that on Thursday, 09 June 2022, Microsoft Corporation paid a dividend of $0.62 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 Thursday, 09 June 2022. 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 $0.62/share Effective tax rate 15% Reinvestment amount $0.527/share Reinvestment price $264.79/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/ 10 June 2022 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)