Firstrand Limited · JSE:FSR
Firstrand — Debt Investor Presentation (May 2026)
21 slides from Firstrand's debt investor presentation, May 29, 2026
Slide 1: Inaugural sustainability Flac notes issuance
Inaugural sustainability Flac notes issuance 29 May 2026
Slide 2: Meet the team
Meet the team 2 • Cameron Gough Head: Structured Finance, FirstRand Group Treasury • Melanie Kleinhans Head: FirstRand Debt Office, Group Treasury • Shoki Rachidi Structurer, FirstRand Group Treasury • Delia Patterson Distribution, RMB Debt Capital Markets • Danielle Frank Transactor, RMB Sustainabl
Slide 3: Agenda
Agenda 3 • Group’s shared prosperity approach • FirstRand Limited’s inaugural sustainability Flac notes issuance • Term sheet and timelines
Slide 4: Group's shared prosperity approach
Group’s shared prosperity approach
Slide 5: Focus is on nexus of business activities and development needs
Focus is on nexus of business activities and development needs 5 Social investment Green investment Transition finance Affordable Food security and Renewable Energy Energy Power housing sustainable food energy efficiency efficiency and energy systems Financial Women in the Green Clean and Cement Agr
Slide 6: RMB's approach to sustainable finance
RMB’s approach to sustainable finance 6 Mobilising capital to create lasting change RMB’s cumulative sustainable finance facilitated by FY25 Green bonds • Focus on delivering tangible impact across the continent 2% 8% Green equity • RMB contributed to the group exceeding its commitment to Green loan
Slide 7: RMB's track record in renewable energy and approach to social infrastructure
RMB’s track record in renewable energy and approach to social infrastructure 7 Renewable energy Social infrastructure • Renewable energy is vital for South Africa’s energy security and • Affordable student housing assets – aligned to sustainable decarbonisation objectives, allowing the country to re
Slide 8: FNB's approach to sustainable finance
FNB’s approach to sustainable finance 8 FNB applies a shared prosperity balance sheet framework that categorises advances based on FirstRand’s sustainable finance framework investment category and uses this balance sheet view to prioritise shared prosperity objectives to promote additionality and in
Slide 9: FNB commercial's approach to financial inclusion for agric MSMEs
FNB commercial’s approach to financial inclusion for agric MSMEs 9 Investment in agriculture critical to food security as well as the sector’s transformation and sustainability, given the size of its contribution to South Africa’s GDP and job creation Innovative lending solutions Client-centric appr
Slide 10: Growth in sustainable and transition finance facilitation reflects intentionality
Growth in sustainable and transition finance facilitation reflects intentionality 10 Group: Cumulative sustainable and transition finance facilitation* R billion • Raise funds from debt capital markets and DFIs with use of proceeds bonds and loans 250 • Commits to investors that proceeds will be use
Slide 11: Inaugural sustainability Flac note issuance
Inaugural sustainability Flac note issuance
Slide 12: Built track record of disciplined allocation in FRB's previous thematic issuances
Built track record of disciplined allocation in FRB’s previous thematic issuances 12 Nominal Type of bond (R million) Issue date Allocation status Assets allocated • 80% affordable housing Sustainability 2 029 April 2022 Fully allocated • 20% green buildings • 80% renewable energy (project finance
Slide 13: How group sustainable finance framework applies to thematic Flac issuance
How group sustainable finance framework applies to thematic Flac issuance 13 • Affordable basic infrastructure • Social infrastructure Social instruments • Affordable housing • Financial inclusion • Women in the economy • Food security and sustainable food systems FirstRand sustainable finance Susta
Slide 14: Allocation of proceeds
Allocation of proceeds 14 Bond proceeds will be fully allocated to eligible loan/asset portfolio Existing loans are those which have reached financial Maximum of 50% of the total bond issuance will be close, up to 24 months prior to the issuance date allocated to existing green and/or social assets
Slide 15: Use of proceeds – indicative portfolio: RMB green and social assets
Use of proceeds – indicative portfolio: RMB green and social assets 15 Indicative portfolio Indicative impact metrics The following investment categories will be targeted based The following impact indicators, will be provided on current eligible asset mapping – on a best-efforts basis: on a best-ef
Slide 16: Use of proceeds – indicative portfolio: FNB social assets
Use of proceeds – indicative portfolio: FNB social assets 16 Indicative portfolio Indicative impact metrics • Number of MSMEs financed • Financial inclusion • Value of MSME loans financed – MSMEs, with specific agricultural activity Commercial agriculture portfolio* As at R billion 31 December 2023
Slide 17: Monitoring and reporting
Monitoring and reporting 17 • Until full allocation, group will annually publish on its website allocation and impact reports (supported by a limited assurance report on the allocation provided by external auditor): https://www.firstrand.co.za/investors/debt-investor-centre/sustainable-finance/ • Al
Slide 18: Term sheet and timelines
FirstRand Term sheet and timelines
Slide 19: Term sheet – inaugural sustainability Flac issuance
Term sheet – inaugural sustainability Flac issuance 19 Issuer FirstRand Limited National scale credit rating S&P: zaAA Nominal target R2.5 billion, with the option to upsize to R3 billion, subject to volume and bid spreads Note tenors 4NC3 (FR01FB), 6NC5 (FR02FB) and 8NC7 (FR03FB) Instrument type Fl
Slide 20: Annexure
FirstRand Annexure
Slide 21: Useful links
Useful links 21 • Sustainable finance webpage: https://www.firstrand.co.za/investors/debt-investor-centre/sustainable-finance/ • FirstRand sustainable finance framework: https://www.firstrand.co.za/media/investors/policies-and-practice/pdf/firstrand-sustainable-finance-framework-2024.pdf • S&P secon