FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRC346 ISIN: ZAG000171430 Bond code: FRC381 ISIN: ZAG000181272 Bond code: FRC402 ISIN: ZAG000185877 Bond code: FRC416 ISIN: ZAG000187337 Bond code: FRC481 ISIN: ZAG000198623 (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 7 September 2023 whereby FRB notified noteholders of a credit event on the FRC346, FRC381, FRC402, FRC416 and FRC481 notes, which referenced Casino Guichard-Perrachon SA as a constituent of the underlying reference index, the Markit iTraxx® Europe Crossover Index, as set out in paragraph 93(e) of the applicable pricing supplement for each affected note. FRB hereby gives notice to the FRC346, FRC381, FRC402, FRC416 and FRC481 noteholders, in accordance with the terms and conditions of the R60 000 000 000.00 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 FRC346, FRC381, FRC402, FRC416 and FRC481 pricing supplements, with the effective/pay date being Thursday, 5 October 2023. Bond code: FRC346 ISIN: ZAG000171430 Amount before write-down: R 49 333 333.00 Write-down amount: R 667 333.00 Amount after write-down: R 48 666 000.00 Bond code: FRC381 ISIN: ZAG000181272 Amount before write-down: R 150 000 000.00 Write-down amount: R 2 001 000.00 Amount after write-down: R 147 999 000.00 Bond code: FRC402 ISIN: ZAG000185877 Amount before write-down: R 150 000 000.00 Write-down amount: R 2 001 000.00 Amount after write-down: R 147 999 000.00 Bond code: FRC416 ISIN: ZAG000187337 Amount before write-down: R 150 000 000.00 Write-down amount: R 2 001 000.00 Amount after write-down: R 147 999 000.00 Bond code: FRC481 ISIN: ZAG000198623 Amount before write-down: R 100 000 000.00 Write-down amount: R 1 334 000.00 Amount after write-down: R 98 666 000.00 The portion of the FRC346, FRC381, FRC402, FRC416 and FRC481 notes impacted by the credit event will be cash settled through Strate Proprietary Limited, with the amount of cash due being: Bond code: FRC346 Cash amount: R 0.00 Bond code: FRC381 Cash amount: R 1 703.10 Bond code: FRC402 Cash amount: R 0.00 Bond code: FRC416 Cash amount: R 0.00 Bond code: FRC481 Cash amount: R 3 091.34 The record date in respect of the credit event will be Wednesday, 4 October 2023. 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 be available at: https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/ 29 September 2023 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)