Enhanced Investments - Financial Portal

FRII, FRD, FRLE, FRTN - Resignation from the Board of Directors

Published: 2022-10-28 09:40:04 ET

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

RESIGNATION FROM THE BOARD OF DIRECTORS

In compliance with paragraph 6.39 of the JSE Limited Debt Listings Requirements, the FRB board hereby advises
noteholders of the resignation of Ms Thandie Mashego as an independent non-executive director with effect from
2 December 2022.

Ms Mashego informed the board that her decision resulted from her appointment with her new employer earlier this
year and the need to commit more time to her executive role and responsibilities.

Ms Mashego was appointed to the board of FRB in January 2017. The board would like to extend its appreciation for
her commitment and valuable contribution during her tenure.

The board has commenced a process of identifying a suitable replacement and noteholders will be advised as soon
as an appointment has been made.

Sandton
28 October 2022


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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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.