FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRTN LEI: ZAYQDKTCATIXF9OQY690 Alpha code: APETNC ISIN: ZAE000291183 Alpha code: APETNQ ISIN: ZAE000291209 (FRB) RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE Holders of the APETNC and APETNQ exchange-traded notes (ETNs) are advised that on Monday, 9 May 2022, Apple Inc. paid a dividend of $0.23 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 Monday, 9 May 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 $0.23/share Effective tax rate 15% Reinvestment amount $0.1955/share Reinvestment price $152.06/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 May 2022 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)