FRII FRD FRLE FRTN - Amendment to FirstRand Bank Limited Credit Ratings FirstRand Bank Limited (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 LEI: ZAYQDKTCATIXF9OQY690 (FRB or the bank) AMENDMENT TO FIRSTRAND BANK LIMITED CREDIT RATINGS On 6 March 2024, Moody's Investors Service (Moody's) upgraded FirstRand Bank Limited's long-term deposit rating by two notches to Baa3 from Ba2. The rating action was due to the application of Moody's Advanced Loss Given Failure (Advanced LGF) analysis to South African banks following the publication of Moody's updated Banks Methodology on 5 March 2024. Summary of rating actions on FirstRand Bank Limited: To From Long-term bank deposit rating Baa3 Ba2 Short-term bank deposit rating P-3 NP Senior unsecured debt rating Ba1 Ba2 Subordinated Ba3 B1 Long-term counterparty risk rating Baa3 Ba1 Short-term counterparty risk rating P-3 NP Long-term bank deposit rating – national scale Aaa.za Aa1.za Senior unsecured debt rating – national scale Aaa.za Aa1.za Subordinated – national scale A1.za A3.za The Moody's press release can be accessed on www.moodys.com, which includes a detailed list of all rating changes related to FirstRand Bank Limited. 7 March 2024 Debt sponsor Rand Merchant Bank (a division of FirstRand Bank Limited) Date: 07-03-2024 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.