Report on proceedings at the annual general meeting and changes to the board FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR ISIN: ZAE000066304 JSE B preference share code: FSRP ISIN: ZAE000060141 NSX ordinary share code: FST (FirstRand) REPORT ON PROCEEDINGS AT THE ANNUAL GENERAL MEETING AND CHANGES TO THE BOARD At the 21st (twenty first) annual general meeting (“AGM”) of the shareholders of FirstRand Limited held on Thursday, 30 November 2017 all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes. In this regard, FirstRand Limited confirms the voting statistics from the AGM as follows: Total number of shares that can be exercised at the meeting 100% 5 503 651 822 * Total number of shares present/represented including proxies at the meeting 84% 4 635 567 981 Total number of members present in person 7 Votes carried disclosed as a percentage in relation to the total Shares voted Shares abstained number of shares voted at the disclosed as a disclosed as a meeting percentage in percentage in Number of shares relation to the relation to the For Against voted total issued share total issued share Resolutions capital** capital** Ordinary resolution number 1.1: Re- 81.74% 18.26% 4 632 963 117 82.59% 0.05% election of directors by way of separate resolution: PM Goss Ordinary resolution number 1.2: Re- 86.50% 13.50% 4 632 378 117 82.58% 0.06% election of directors by way of separate resolution: PK Harris Ordinary resolution number 1.3: Re- 96.89% 3.11% 4 632 865 199 82.59% 0.05% election of directors by way of separate resolution: RM Loubser Ordinary resolution number 1.4: Re- 96.88% 3.12% 4 632 963 117 82.59% 0.05% election of directors by way of separate resolution: AT Nzimande Ordinary resolution number 1.5: 94.20% 5.80% 4 632 375 915 82.58% 0.06% Vacancies filled by the directors during the year: TS Mashego Ordinary resolution number 1.6: 88.90% 11.10% 4 632 375 915 82.58% 0.06% Vacancies filled by the directors during the year: HL Bosman Ordinary resolution number 2.1: 99.92% 0.08% 4 632 868 324 82.59% 0.05% Appointment of auditor: Deloitte & Touche Ordinary resolution number 2.2: 99.65% 0.35% 4 632 866 122 82.59% 0.05% Appointment of auditor: PricewaterhouseCoopers Inc. Advisory endorsement of remuneration 80.68% 19.32% 4 627 901 656 82.50% 0.14% policy Advisory endorsement of remuneration 81.26% 18.74% 4 627 900 266 82.50% 0.14% implementation report Ordinary resolution number 3: General 98.83% 1.17% 4 632 963 135 82.59% 0.05% authority to issue authorised but unissued ordinary shares for regulatory capital reasons Ordinary resolution number 4: General 96.44% 3.56% 4 632 961 208 82.59% 0.05% authority to issue authorised but unissued ordinary shares for cash Ordinary resolution number 5: Signing 100.00% 0.00% 4 632 964 004 82.59% 0.05% authority Special resolution number 1: General 99.35% 0.65% 4 631 751 013 82.57% 0.07% authority to repurchase ordinary shares Special resolution number 2.1: Financial 87.16% 12.84% 4 622 213 762 82.40% 0.24% assistance to directors and prescribed officers as employee share scheme beneficiaries Special resolution number 2.2: Financial 99.78% 0.22% 4 632 963 000 82.59% 0.05% assistance to related and interrelated entities Special resolution number 3: 98.07% 1.93% 4 631 883 504 82.57% 0.07% Remuneration of non-executive directors with effect from 1 December 2017 * Total number of shares that can be exercised at the meeting is 5 503 651 822 (the number excludes the shares held by FirstRand employee share trusts, whose votes are not taken into account in terms of the JSE Listing Requirements) ** Total issued capital is 5 609 488 001 Shareholders are further advised that Benedict James van der Ross and Jan Hendrik van Greuning retired from the boards of directors (the boards) of FirstRand Limited and FirstRand Bank Limited at the conclusion of each company's AGM. The Boards wish to express their appreciation for the valuable contribution that they have made to the boards during their time with FirstRand Limited and FirstRand Bank Limited and wishes them well in their future endeavours. Sandton 1 December 2017 Sponsor RAND MERCHANT BANK (a Division of FirstRand Bank Limited) Date: 01/12/2017 03:22:00 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.