FIRSTRAND BANK LIMITED - NNETNC NNETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

NNETNC NNETNQ - Receipt of Dividend Payment and Update to the Net Asset Value

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
JSE company code ETN issuer: FRTN
LEI: ZAYQDKTCATIXF9OQY690
JSE Alpha code: NNETNC        ISIN: ZAE000345708
JSE Alpha code: NNETNQ        ISIN: ZAE000345724
(FRB)

RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the NNETNC and NNETNQ exchange-traded notes (ETNs) are advised that on Tuesday, 18 August 2026, Novo
Nordisk paid a dividend of DKK3.75 per share. As per published guidance, this dividend was synthetically reinvested, net of
all taxes, charges and fees, for the ETNs at the US closing price on Tuesday, 18 August 2026. The result of the synthetic
dividend reinvestment is to increase the fractional number of shares each ETN references and no distribution or payment will
be made.

Dividend amount DKK3.75/share
Effective tax rate 27.00%1
Reinvestment amount DKK2.7375/share
Reinvestment price DKK296.35/share
Note 1: Offshore equity custodian does not reduce the rate of taxation in accordance with the rate applicable in the
Convention between the Government of the Republic of South Africa and the Government of the Kingdom of Denmark for
the avoidance of double taxation (15%)

The daily published net asset value (NAV) has already been updated to include the effect of the dividend being paid, which
can be viewed at:
https://www.rmb.co.za/page/inward-listed-etns

NAV formulae for the instruments can be found at:
https://www.firstrand.co.za/investors/debt-investor-centre/prospectuses-and-programme-memoranda/
https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/

19 August 2026

JSE Debt sponsor
FirstRand Bank Limited
Date: 19/08/2026 13:10:00
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