FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) Issuer code: FRII LEI: ZAYQDKTCATIXF9OQY690 Bond code: FRC299 ISIN: ZAG000159575 Bond code: FRC323 ISIN: ZAG000163874 Bond code: FRC341 ISIN: ZAG000168675 (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 20 October 2023 whereby FRB notified noteholders of a credit event on the FRC299, FRC323 and FRC341 notes, which referenced Rite Aid Corporation as a constituent of the underlying reference index, the Markit CDX North America High Yield Index as set out in paragraph 93(e) of the applicable pricing supplement for each affected note. FRB hereby gives notice to the FRC299, FRC323 and FRC341 noteholders, in accordance with the terms and conditions of the R60 000 000 000 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 FRC299, FRC323 and FRC341 pricing supplements, with the effective/pay date being Friday, 17 November 2023. Bond code: FRC299 ISIN: ZAG000159575 Amount before write-down: R 88 000 000.00 Write-down amount: R 1 000 000.00 Amount after write-down: R 87 000 000.00 Bond code: FRC323 ISIN: ZAG000163874 Amount before write-down: R 57 200 000.00 Write-down amount: R 650 000.00 Amount after write-down: R 56 550 000.00 Bond code: FRC341 ISIN: ZAG000168675 Amount before write-down: R 176 000 000.00 Write-down amount: R 2 000 000.00 Amount after write-down: R 174 000 000.00 The portion of the FRC299, FRC323 and FRC341 notes impacted by the credit event will be cash settled through Strate Proprietary Limited, with the amount of cash due being: Bond code: FRC299 Cash amount: R 38 024.70^ Bond code: FRC323 Cash amount: R 23 107.03^ Bond code: FRC341* Cash amount: - R 549 274.09 ^ For these notes, the cash amount will be settled through STRATE. * For this note, the noteholder will pay the issuer the above-mentioned amount and it will be settled off- market. The record date in respect of the credit event will be Thursday, 16 November 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 available at: https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/. 14 November 2023 Debt sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited)