FIRSTRAND : BANK LIMITED - FRK01 - Physical Settlement Process in respect of the FRK01 Notes

FIRSTRAND BANK LIMITED - FRK01 - Physical Settleme 8 Aug 2019 FRK01 201908080044A FRK01 - Physical Settlement Process in respect of the FRK01 Notes FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration number: 1929/001225/06) JSE company code: FRD Alpha code: FRK01 ISIN: ZAE000193959 (FRB or the Issuer) PHYSICAL SETTLEMENT PROCESS IN RESPECT OF THE FRK01 NOTES INTRODUCTION Further to the announcements released on 13 May 2019, 31 May 2019, 5 June 2019 and 6 August 2019 by the Issuer, in respect of the election required by the holders ('FRK01 Noteholders') of the 139,620 One Ounce KrugerRand Notes due 12 August 2019 ('FRK01 Notes'), FRB would like to remind FRK01 Noteholders of the physical settlement process. REMINDER OF THE PHYSICAL SETTLEMENT COLLECTION PROCESS FRK01 Noteholders that have elected physical settlement in respect of the capital and interest payment due on the FRK01 Notes are reminded to follow the process outlined below: 1. Elect a courier company to act on the behalf of the FRK01 Noteholder to collect the Krugerrand coins due to such FRK01 Noteholder. FRK01 Noteholders are reminded that only one courier company from this list can be elected by the FRK01 Noteholder for the collection of their Krugerrand coins: - RAM Transport (South Africa) Proprietary Limited trading as RAM Hand?to?Hand Couriers; - G4S International Logistics (SA) (Pty) Ltd; or - Brink's (Southern Africa) Proprietary Limited. 2. Notify the chosen courier company that the Krugerrand coins are to be collected at the premises of Rand Refinery at Rand Refinery Road, Industries West, Germiston, Gauteng, South Africa. The Krugerrand coins can only be collected on Monday, 12 August 2019 between 08h00 and 15h00. The FRK01 Noteholder must make their own collection arrangements with the chosen courier company. 3. The FRK01 Noteholder should have notified the Issuer (by email to [e-mail]) of the following details by 17h00 on 5 August 2019: - FRK01 Noteholder full name; - the number of FRK01 Notes held; - the FRK01 Noteholder's CSDP; - the chosen courier company; and - provide a confirmation from the courier company (acting on behalf of the FRK01 Noteholder) that the Krugerrand coins will be collected on the collection day. FRK01 Noteholders are reminded that the Issuer will not be liable for non-delivery of the Krugerrand coins from the point at which these are collected by the chosen courier company at Rand Refinery's premises. Failure to strictly comply with the collection process outlined above, or to collect the Krugerrand coins as per point 2 above, will result in the Krugerrand coins in respect of the capital and interest payment due on the FRK01 Notes being sold. The cash value realised from the sale, less any costs incurred by the Issuer in the sale process, will be paid to the relevant FRK01 Noteholders by no later than 10h00 on Monday, 19 August 2019, in accordance with the terms and conditions of the FRK01 Notes. 8 August 2019 Debt Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 08/08/2019 04:00:00 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.