FIRSTRAND BANK LIMITED - NFETNC NFETNQ - Stock Split and Update to the Net Asset Value

NFETNC NFETNQ - Stock Split 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
Alpha code:      NFETNC                          ISIN: ZAE000291340
Alpha code:      NFETNQ                          ISIN: ZAE000291274
(FRB)

STOCK SPLIT AND UPDATE TO THE NET ASSET VALUE

Holders of the NFETNC and NFETNQ exchange-traded notes (ETNs) are advised that on Monday, 17 November 2025, Netflix
Inc had a 10 for 1 stock split. As per published guidance, this corporate action was synthetically adjusted for in the ETNs on
Monday, 17 November 2025. No distribution or payment will be made.

Split ratio              10:1
Adjustment factor         10
Effective date           Monday, 17 November 2025

The daily published net asset value (NAV) has already been updated to include the effect of the stock split, 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/

18 November 2025

Debt sponsor
FirstRand Bank Limited

Date: 18-11-2025 03:15:00
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.