FIRSTRAND BANK LIMITED - APETNC APETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

APETNC APETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: APETNC        ISIN: ZAE000291183
Alpha code: APETNQ        ISIN: ZAE000291209
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the APETNC and APETNQ exchange-traded notes (ETNs) are advised that on Thursday,
12 August 2021, Apple Inc. paid a dividend of $0.22 per share. As per published guidance, this dividend
was synthetically reinvested, net of all taxes, charges and fees, for the ETNs at the US closing price on
Friday, 13 August 2021. The result of the synthetic dividend reinvestment is to increase the fractional
number of shares each ETN references and no distribution or payment will be made.

Dividend amount          $0.22/share
Effective tax rate       50%
Reinvestment amount      $0.11/share
Reinvestment price       $149.10/share

The daily published net asset value (NAV) has already been updated to include the effect of the dividend
being paid, which can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/


16 August 2021

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

Date: 16-08-2021 12:15:00
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