Enhanced Investments - Financial Portal

FRS101 - Notification of Partial Capital Reductions and Accrued Interest Payments of Listed Debt Securities

Published: 2024-03-08 17:35:19 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS101            ISIN: ZAG000111774
(FRB)

NOTIFICATION OF PARTIAL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENTS OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s R 60 000 000 000 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the partial capital
reductions and accrued interest payments of the FRS101 notes.


Bond code:                                                      FRS101
ISIN:                                                           ZAG000111774

  Pay/settlement date of the redemption:             7 March 2024                      8 March 2024
  Nominal amount before reduction:                   R 9 359 000.00                    R 7 929 000.00
  Reduction of nominal amount:                       R 1 430 000.00                    R 37 390.00
  Nominal amount after reduction:                    R 7 929 000.00                    R 7 891 610.00
  Settlement / redemption amount:                    R 1 653 929.74                    R 43 245.06
  Accrued interest amount:                           R 5 855.51, included in the       R 157.36, included in
                                                     settlement amount                 the settlement amount
  Annualised interest rate:                          2.250%                            2.250%
  Interest rate for the period:                      1.125%                            1.125%
  Base CPI:                                          62.5024697                        62.5024697
  Reference CPI:                                     115.0117758                       115.011776


Effective date of the reduction in nominal amount:              12 March 2024
Record date (for purposes of STRATE):                           11 March 2024
Applicable formula:                                             (Aggregate Nominal Amount x CPI
                                                                Adjustment x Interest Rate) / 2, all definitions
                                                                used in this calculation as per the pricing
                                                                supplement
URL:                                                            https://www.firstrand.co.za/investors/debt-
                                                                investor-centre/jse-listed-instruments/

These reductions are due to the repurchase of the notes by FRB in accordance with the terms and conditions
of the notes.


8 March 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.