FIRSTRAND BANK LIMITED - ABETNC ABETNQ - Receipt of dividend payment and update to the net asset value

ABETNC ABETNQ - 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)
Issuer code: FRTN
LEI: ZAYQDKTCATIXF9OQY690
Alpha Code: ABETNC                ISIN: ZAE000293502
Alpha Code: ABETNQ                ISIN: ZAE000293510
(FRB)


RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the ABETNC and ABETNQ exchange-traded notes (ETNs) are advised that on Thursday,
6 May 2021, Activision Blizzard Inc paid a dividend of $0.47 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 Friday, 7 May 2021. 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          $0.470 / share
Effective tax rate       50%
Reinvestment amount      $0.235 / share
Reinvestment price       $94.80 / share

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/


10 May 2021

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 10-05-2021 01:42:00
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