FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRS298 ISIN: ZAG000185679 (FRB) NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES In accordance with the terms and conditions of FRB’s R60 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 FRS298 notes (the notes). Bond code: FRS298 ISIN: ZAG000185679 Nominal amount before reduction: R115 000 000.00 Reduction in nominal amount: R57 500 000.00 Nominal amount after reduction: R57 500 000.00 Settlement / redemption amount: R64 941 070.00, as determined in accordance with line item 35 of the pricing supplement Pay date/early redemption date: 29 September 2023 Record date (for STRATE purposes): 28 September 2023 Effective date of reduction: 2 October 2023 This reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the notes. 28 September 2023 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)