Enhanced Investments - Financial Portal

FRII - Availability of the Annual Report

Published: 2025-09-11 09:46:29 ET

FIRSTRAND BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code interest rate issuer: FRII
LEI: ZAYQDKTCATIXF9OQY690
(FRB or the bank)

AVAILABILITY OF THE ANNUAL REPORT

FRB is a wholly owned subsidiary of FirstRand Limited (FirstRand or the group). The group released its audited annual financial
statements earlier today.

Noteholders are advised that FRB’s annual report for the year ended 30 June 2025,containing the audited annual financial statements
and an accompanying unqualified audit report (collectively, the annual report) will be made available on the group’s website at
https://www.firstrand.co.za/investors/integrated-reporting-hub/financial-reporting/.

The annual report can also be accessed through a secure electronic manner at the election of the person requesting inspection.

Furthermore, noteholders are hereby advised that there was a restatement to FRB’s statement of cash flows for the year ended 30 June
2024 in the annual financial statements. Details of the restatement are set out below.

Statement of cash flows – updated methodology for allocation of non-cash items
FRB improved its methodology for allocating non-cash items, specifically related to foreign currency translation reserve (FCTR)
movements. The revised methodology resulted in a reallocation of R3 153 million out of advances to deposits and debt funding in the
cash flow from operating activities section of the statement of cash flows for the year ended 30 June 2024.

The total net cash generated from operating activities, investing and financing activities, as well as net cashflow movement and cash at
the end of the year remain unchanged. In addition, the restatement has no impact on profit or loss, earnings ratios or the statement of
financial position.

Further information about this change has been disclosed on page C24 of the annual report.

11 September 2025

Debt sponsor
FirstRand Bank Limited

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

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.