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FirstRand successfully issues R4.2 billion in the South African bond market

27 August 2010 FirstRand

FirstRand announced that it has concluded a highly successful senior bond issuance of R4.2 billion into the South African market.

A variety of senior unsecured debt instruments were issued, ranging in maturity from just over 3 to 14 years, and including fixed©\rate and floating©\rate securities. The issue was oversubscribed ¨C total bids of R4.85 billion were received.

FirstRand regularly accesses the local debt capital markets (at least twice per annum, but often more frequently) as part of its broader funding and liquidity management activities. It bases its capital markets issuance strategy on several factors. These include investor demand, market pricing and the Group¡¯s funding strategy which places emphasis on diversifying funding sources and, in the debt capital markets, on extending the term profile.

¡°We are very pleased with the second successful transaction this year, further diversifying our funding base and increasing the term of our funding " said Andries du Toit, Group Treasurer.

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