FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRS308 ISIN: ZAG000188004 (FRB) NOTIFICATION OF A PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT 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 partial capital reduction of the FRS308 notes (the notes). Bond code: FRS308 ISIN: ZAG000188004 Nominal amount before reduction: ZAR 245 000 000.00 Reduction in nominal amount: ZAR 235 000 000.00 Nominal amount after reduction: ZAR 10 000 000.00 Settlement / redemption amount: ZAR 236 205 105.75 Accrued interest amount: ZAR 1 205 105.75, included in the settlement amount Annualised interest rate: 5.672% Interest period: 28 April 2023 to 30 May 2023 Pay date/early redemption date: 31 May 2023 Record date (for STRATE purposes): 30 May 2023 This reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the notes. 30 May 2023 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)