Investor information

Pricing Supplements

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Note Programme

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Disclaimer

RMB Exchange Traded Notes (RMB ETNs) are listed debt securities that trade on the JSE Limited. RMB Exchange Traded Notes are issued by FirstRand Bank Limited under its ZAR 30,000,000,000 Note Programme. This brochure has been prepared by Rand Merchant Bank (RMB), a division of FirstRand Bank Limited.

All the risks and significant issues related to subscribing for, or purchasing RMB ETNs are not disclosed and therefore, prior to purchasing or transacting, you should fully understand the products, any risks and significant issues related to or associated with them. The products may involve a high degree of risk including, amongst others, the risk of low or no investment returns, the potential for capital or principal loss, counterparty or issuer default, adverse or unanticipated financial market fluctuations, inflation rate risk, exchange rate risk and interest rate risk. The value of any product may fluctuate daily as a result of these risks, market conditions, general sentiment and other factors. RMB does not predict actual results, performances and/or financial returns and no assurances, warranties or guarantees are given in this regard. FirstRand Bank Limited or any of its associates or subsidiary companies does not guarantee the performance of its funds and past performance is not indicative of future performance.

The information provided in this document does not constitute investment advice. These products may not be appropriate and/or suitable for your particular investment objectives, financial situation or needs. Investors should ensure that they fully understand any transaction that they enter into and should obtain independent financial, taxation and legal advice before making any decisions about any investment in securities.

Members of RMB may act as placement agent, calculation agent, advisor or lender, make a market in, or may have been a manager or a co-manager of, the most recent public offering in respect of these instruments and related underlying instruments. Members of RMB and/or their respective directors and employees may own the investments in these instruments and related underlying instruments and may sell them to or buy them from customers on a principal basis.

The complete terms and conditions should be taken from the respective programme memorandum and its supplements available on the RMB website (www.rmb.co.za). This document is for information purposes only and you should not regard this as a prospectus for any security or financial product or transaction. Details of fees and charges as well as full details relating to the relevant index calculation on the RMB ETN is available from the RMB website and the applicable pricing supplement. The price at which RMB ETN’s trade on the Exchange may differ from the index price or indicative intraday value published on the RMB website.

The information and views expressed are given as at the date of writing and may change without prior notice. Although the information herein has been obtained from sources believed to be reliable, FirstRand Bank Limited or any of its associates or subsidiary companies does not guarantee that it is accurate or complete and does not guarantee the reasonableness of the assumptions made. The information provided in this document is to be used at your own risk.

RMB expressly disclaims any liability for any damage or loss as a result of errors or omissions in the information, data or views contained or expressed herein even if notified of the possibility of such damage or loss. RMB does not warrant or guarantee merchantability, non-infringement of third party rights or fitness for a particular use and/or purpose.

This document is intended solely for clients and prospective clients of members of RMB and is not intended for, and may not be relied on by persons to whom this report may not be provided by law. This document may not be reproduced or distributed to any other person without the prior consent of a member of RMB. Unauthorised use or disclosure of this document is strictly prohibited. By accepting this document, you agree to be bound by the foregoing limitations.

Rand Merchant Bank is a division of FirstRand Bank limited Reg. No. 1929/001225/06

Rand Merchant Bank is an Authorised Financial services provider.