FSR                                                                             
FSR/ FSRP - FirstRand Limited - Quarterly disclosure on basel ii capital        
adequacy                                                                        
FirstRand Limited                                                               
(Incorporated in South Africa)                                                  
(Registration number 1966/010753/06)                                            
JSE Ordinary Share Code: FSR                                                    
JSE ISIN: ZAE000066304                                                          
JSE "B"   Preference Share Code: FSRP                                           
JSE ISIN: ZAE000060141                                                          
NSX Ordinary Share Code: FSR                                                    
("FirstRand" or "the Company")                                                  
QUARTERLY DISCLOSURE ON BASEL II CAPITAL ADEQUACY                               
FirstRand is a registered bank controlling company, therefore it is required in 
terms of Pillar 3 of the Basel II Capital Accord, to disclose quantitative      
information on its capital adequacy ratios on a quarterly basis. The            
consolidated capital position of FirstRand is set out below.                    
                                March 2012     December 2011                    
                                Rm       %     Rm       %                       
Primary capital                                                                 
Ordinary share capital and       5 158          5 222                           
premium                                                                         
Qualifying reserves              48 702         48 707                          
Non-cumulative non-redeemable    4 519          4 519                           
preference shares                                                               
Non-controlling interests        3 056          3 074                           
Regulatory deductions against    (3 320)        (3 492)                         
primary capital                                                                 
Total primary capital            58 115         58 030                          
                                                                                
Secondary capital                                                               
Subordinated debt instruments    6 930          5 784                           
Qualifying Upper Tier 2          1 063          1 044                           
instruments                                                                     
Other qualifying reserves        215            208                             
Regulatory deductions against    (1 300)        (1 128)                         
secondary capital                                                               
Total secondary capital          6 908          5 908                           
                                                                                
Total regulatory capital         65 023         63 938                          
                                                                                
Total capital requirement        42 461         39 435                          
                                                                                
Primary capital adequacy ratio            13.0           14.0                   
Total capital adequacy ratio              14.5           15.4                   
Notes:                                                                          
The figures above have not been reviewed and reported on by the Company's       
external auditors.                                                              
Qualifying reserves exclude any unappropriated profits.                         
The total capital requirement excludes any Pillar 2b add-on. The increase in the
total capital requirement reflects the implementation of the revisions to the   
Basel II framework. These revisions, commonly referred to as Basel 2.5 became   
effective from 1 January 2012.                                                  
Sandton                                                                         
24 May 2012                                                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 24/05/2012 11:18:01 Produced by the JSE SENS Department.                  
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