Trading statement - financial impact of Discovery card transaction FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR ISIN: ZAE000066304 JSE B preference share code: FSRP ISIN: ZAE000060141 NSX ordinary share code: FST (FirstRand or the group) TRADING STATEMENT - FINANCIAL IMPACT OF DISCOVERY CARD TRANSACTION Shareholders were previously advised that FirstRand received the final consideration for the Discovery Card transaction (the Discovery transaction) on 21 November 2018, with a resultant profit for the group of approximately R2.3 billion. In terms of International Financial Reporting Standards (IFRS), this profit will be included in FirstRand's consolidated attributable earnings for the six-month period to 31 December 2018, however, given the non-operational nature of the profit on the Discovery transaction, it will be excluded from FirstRand's headline earnings (in terms of the South African Institute of Chartered Accountants Circular 4/2018). It will also be excluded from normalised earnings, which the group believes most accurately reflects its economic performance. In terms of the Listings Requirements of the JSE Limited, an issuer is required to publish a trading statement as soon as it becomes apparent that financial results (in this case earnings per share (EPS) and earnings attributable to ordinary shareholders) for the next period to be reported on are expected, with a reasonable degree of certainty, to differ by at least 20% from those of the previous corresponding reporting period. Accordingly, the table below provides guidance for the increases in the group's earnings attributable to ordinary shareholders and basic earnings per share for the six months ended 31 December 2018. As reported for the Guidance Guidance increase six months ended 31 increase for the for the six months December 2017 six months ended ended 31 December 31 December 2018 (%) 2018 IFRS earnings attributable to 12 749 2 805 - 3 060 22 - 24 ordinary shareholders (R million) IFRS earnings per share – basic 227.3 50.01 - 54.55 22 - 24 (cents) The estimate financial information on which this trading statement is based has not been reviewed or reported on by the group's external auditors. The group's interim results will be published on Tuesday 12 March 2019. Sandton 22 February 2019 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22/02/2019 01:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.