MSETNC MSETNQ – Receive dividend payment and update net asset value – SENS

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MSETNC MSETNQ – 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: MSETNC ISIN: ZAE000291142
Alpha code: MSETNQ ISIN: ZAE000291308
(FRB)

RECEIPT OF DIVIDEND PAYMENT AND UPDATE TO THE NET ASSET VALUE

Holders of the MSETNC and MSETNQ exchange-traded notes (ETNs) are advised that on Thursday,
09 June 2022, Microsoft Corporation paid a dividend of $0.62 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 Thursday, 09 June 2022. 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 $0.62/share
Effective tax rate 15%
Reinvestment amount $0.527/share
Reinvestment price $264.79/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 June 2022

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

Date: 10-06-2022 04:43:00
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