FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FR28SB       ISIN: ZAG000213877
Bond code: FR30SB       ISIN: ZAG000213885
Bond code: FR32SB       ISIN: ZAG000213893
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FRB approval for the listings of its FR28SB, FR30SB and FR32SB senior unsecured social bond notes, in terms
of its domestic medium term note programme (the programme) dated 13 April 2021, as amended and/or supplemented from time to time,
effective 1 April 2025.

Type of debt security:                              Floating rate notes

Debt security code:                                 FR28SB
ISIN:                                               ZAG000213877
Nominal issued:                                     R450 000 000.00
Coupon rate:                                        3-month JIBAR plus 85 basis points
Maturity date:                                      1 April 2028

Debt security code:                                 FR30SB
ISIN:                                               ZAG000213885
Nominal issued:                                     R1 000 000 000.00
Coupon rate:                                        3-month JIBAR plus 105 basis points
Maturity date:                                      1 April 2030

Debt security code:                                 FR32SB
ISIN:                                               ZAG000213893
Nominal issued:                                     R1 083 000 000.00
Coupon rate:                                        3-month JIBAR plus 111 basis points
Maturity date:                                      1 April 2032

THE SECTION BELOW IS APPLICABLE TO THE FR28SB, FR30SB AND FR32SB NOTES ABOVE:

Issue date:                                         1 April 2025
Issue price:                                        100%
Interest commencement date:                         1 April 2025
Interest determination date(s):                     27 March 2025 for the first interest period and thereafter the first business day of each
                                                    interest period
First interest payment date:                        1 July 2025
Interest payment date(s):                           1 January, 1 April, 1 July and 1 October of each year until the maturity date, or if such day
                                                    is not a business day, the business day on which interest will be paid, as determined in
                                                    accordance with the applicable business day convention
Last day to register:                               The register will be closed by 17:00 on 26 December, 26 March, 25 June and 25
                                                    September of each year until maturity date, or if such day is not a business day, the
                                                    business day preceding each books closed period
Books closed periods:                               The register will be closed from 27 December to 31 December, 27 March to 31 March, 26
                                                    June to 30 June and 26 September to 30 September (all dates inclusive) of each year until
                                                    the maturity date
Applicable business day convention:                 Following business day
Final redemption amount:                            100% of the aggregate outstanding nominal value
Summary of additional terms:                        In addition to the terms and conditions contained in the programme, please refer to
                                                    the provisions applicable to the margin, the use of proceeds and the rights of
                                                    cancellation contained in the applicable pricing supplements
Programme amount:                       R100 000 000 000.00
Total notes in issue under programme:   R83 830 893 219.00 as at the signature date of the FR32SB applicable pricing
                                        supplement
Dealer:                                 FirstRand Bank Limited (acting through its Rand Merchant Bank division)


31 March 2025

Debt sponsor
FirstRand Bank Limited