FIRSTRAND BANK LIMITED - FRK02 - Accrued Interest on the FRB KrugerRand Notes listed on the Main Board

FRK02 - Accrued Interest on the FRB KrugerRand Notes listed on the Main Board

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRD
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: FRK02
ISIN: ZAE000275533
(FRB)


ACCRUED INTEREST ON THE FRB KRUGERRAND NOTES LISTED ON THE MAIN BOARD

FirstRand Bank Limited wishes to advise noteholders that the interest payable to investors at maturity of the
FRK02 KrugerRand Notes (notes) will be dependent on the ZAR value of the one ounce interest as at the
redemption date. As a result of the fluctuations in the USD gold price and the ZAR/USD exchange rate, the ZAR
value of the interest paid at maturity may not equal the sum of the ZAR interest announced annually via the
Stock Exchange News System. FRB further wishes to advise that the interest is calculated in ounces of gold and
as such, for purposes of calculating the annual interest which has accrued on the notes, interest earned per
ounce is converted to a ZAR amount at the end of February in each year. Interest accrued on the notes for the
period 1 March 2021 - 28 February 2022 has amounted to 0.7 ounces per note, which yields an approximate
interest value of ZAR 206.01 per note.

*A Rand gold price of ZAR 29 430 per ounce has been applied (as at London close of business on the last
business day of February 2022).



31 March 2022

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

Date: 31-03-2022 08:00:00
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