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FIRSTRAND BANK LIMITED - KCCGLD - Krugerrand Custodial Certificate: Audit Report and Clause 11 Notification

Release Date: 15/09/2021 17:00
Code(s): KCCGLD     PDF:  
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KCCGLD - Krugerrand Custodial Certificate: Audit Report and Clause 11 Notification

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Issuer Code: FRLE
LEI: ZAYQDKTCATIXF9OQY690
ETF Code: KCCGLD
ISIN: ZAE000195830
(FRB)

KRUGERRAND CUSTODIAL CERTIFICATE: AUDIT REPORT AND CLAUSE 11 NOTIFICATION

KRUGERRAND CUSTODIAL CERTIFICATE: AUDIT REPORT

In line with clause 15.4.2 of the offering circular dated 21 October 2014 (the offering circular), investors are
advised that the latest Krugerrand Custodial Certificate audit report (the report) of the underlying asset holdings
at Brink’s Southern Africa Proprietary Limited (the custodian) is available for review on the following website:
https://www.rmb.co.za/page/krugerrandcustodial-certificate.


CLAUSE 11 NOTIFICATION

In line with clause 11 of the offering circular (clause 11), investors are further advised that 5 Krugerrand coins
(the coins) constituting less than 0.2% of inventory held by the custodian are unaccounted for. FRB wishes to
notify investors that an assessment of the the quantum of the loss has taken place and confirms that the total
loss is within the ZAR 3 000 000.00 threshold, as stipulated in the terms and conditions of the offering circular.
FRB has replaced these coins, bringing the records of the custodian in balance again.

FRB further confirms that the procedures set out in clause 11 will be duly followed and that the loss covered
amounts to ZAR 133 073.36, and the remaining balance of the loss threshold is ZAR 2 866 926.64. Investors
can contact Ettienne van Wyk on +27 11 269 9607 for confirmation of the remaining balance of the loss
threshold.

15 September 2021

Debt sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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