FIRSTRAND BANK LIMITED - MSETNC MSETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

MSETNC MSETNQ - 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: MSETNC     ISIN: ZAE000291142
Alpha code: MSETNQ     ISIN: ZAE000291308
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the MSETNC and MSETNQ exchange-traded notes (ETNs) are advised that on Thursday,
9 September 2021, Microsoft Corporation paid a dividend of $0.56 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, 10 September 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          $0.56/share
Effective tax rate       15%
Reinvestment amount      $0.476/share
Reinvestment price       $295.71/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/


15 September 2021

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

Date: 15-09-2021 12:05:00
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