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FIRSTRAND BANK LIMITED - FRD FRII FRLE FRTN - Appointment of Future Joint Auditors

Release Date: 23/04/2021 12:00
Wrap Text
FRD FRII FRLE FRTN - Appointment of Future Joint Auditors

(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


Shareholders and noteholders are advised that, in accordance with the mandatory audit firm rotation rule issued
by the Independent Regulatory Board for Auditors, FirstRand Limited (FirstRand) and FirstRand Bank Limited
(FRB) intend to appoint Ernst & Young Incorporated (EY) as joint auditors for the financial year ending
30 June 2024 and subsequently KPMG Incorporated (KPMG) as joint auditors with EY for the financial year ending
30 June 2026.

The current auditors, PricewaterhouseCoopers Inc. and Deloitte and Touche will continue to act together as joint
auditors until 30 June 2023. FirstRand and FRB will update shareholders and noteholders once the decision has
been taken as to which of the current joint audit firms will rotate off the audit for 30 June 2024 and 30 June 2026

In terms of section 61 of the Banks Act No. 94 of 1990, as amended, as read with section 90(1) of the Companies
Act No. 71 of 2008, as amended, as well as paragraph 3.86 of the JSE Limited Listings Requirements, the
respective appointments of EY and KPMG will be tabled as a resolution to FirstRand ordinary shareholders at the
appropriate annual general meetings. The appointments of the audit firms and lead audit partners are subject to
the approval of the Prudential Authority of the South African Reserve Bank and accordingly further announcements
will be made when the process is concluded.

23 April 2021

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 23-04-2021 12:00:00
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