Enhanced Investments - Financial Portal

FRC428 FRC436 - Notification of the Voting Results in respect of Written Consent from FRC428 & FRC436 Noteholders

Published: 2022-11-16 14:55:31 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Company code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC428              ISIN: ZAG000188954
Bond code: FRC436              ISIN: ZAG000189515
(FRB or the Issuer)


NOTIFICATION OF THE VOTING RESULTS IN RESPECT OF THE REQUEST FOR WRITTEN CONSENT FROM FRC428 AND FRC436 NOTEHOLDERS

FRC428 and FRC436 noteholders are referred to the notice of request for written consent released on SENS on 14 October 2022, in relation to the proposed amendments
to the FRC428 and FRC436 pricing supplements (the consent request), with the deadline date being 17h00 on Friday, 11 November 2022 and in which the extraordinary
resolution set out below was proposed:

- Extraordinary resolution:
THAT the terms and conditions of the FRC428 and FRC436 notes be amended in accordance with Schedules 1 and 2 to the notice requesting the written consent of
FRC428 and FRC436 noteholders with effect from the date on which the Issuer receives confirmation that noteholders holding not less than 66.67% in value of the
aggregate outstanding nominal amount of the FRC428 and FRC436 notes have voted in favour of the proposed amendments.

In this regard, the Issuer confirms the voting results from the consent request in relation to the total nominal amount of the FRC428 and FRC436 notes in issue are as
follows:

                         Total nominal          Debt securities voted,   Debt securities voted,   Votes abstained, as a    Votes carried for the    Votes against the
                         amount of debt         disclosed as a           disclosed as a           percentage               resolution, as a         resolution, as a
                         securities in issue    number                   percentage                                        percentage               percentage
 FRC428                  R 20 000 000.00        R0.00                    0.00%                    0.00%                    0.00%                    0.00%
 FRC436                  R 25 000 000.00        R25 000 000.00           100.00%                  0.00%                    100.00%                  0.00%

FRB confirms that the extraordinary resolution in respect of the amendments to the FRC436 pricing supplement has accordingly been passed by the requisite number of
FRC436 noteholders. The extraordinary resolution in respect of the amendments to the FRC428 pricing supplement has not been passed by the requisite number of
FRC428 noteholders.


16 November 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.