rand merchant bank(rmb)

Strictly Private and ConfidentialAn Authorised Financial Services Provider 1

Rand Merchant BankSeptember 2011

Strictly Private and Confidential 2

FirstRand Group

The FirstRand Group consists of a portfolio of leading financial services franchises namely, Rand Merchant Bank (the investment bank), First National Bank (the retail, commercial and wholesale bank) and WesBank (the instalment finance business)

FirstRand is one of largest financial institutions in South Africa with a market capitalisation of R111bn (US$16.3bn)*

FirstRand is one of the top listed companies of the Johannesburg Stock Exchange

Differentiated by its owner-manager culture

*As per 10 January 2011 at R6.80 to the USD


Rand Merchant Bank

Rand Merchant Bank (RMB) is the investment banking arm of FirstRand Bank Limited. As a diversified financial services brand RMB offers clients advice, finance, trading solutions, investment opportunities, fund management and research. Its global reach combined with a focus on Africa ensures that clients receive the best possible guidance and financial solutions.

Investment BankingPrivateEquity

Equities

Fixed Income, Currencies and

Commodities

FIC

C S

ales

& S

truc

turin

g

FIC

C T

radi

ng

RM

B C

orve

st

RM

B V

entu

res

RM

B R

esou

rces

Client Coverage

Com

mod

ities

& S

truc

ture

d Tr

ade

FirstRandChief Risk Officer

FirstRandChief Financial Officer

Chief Investmen

t Officer

Chief Financial

Officer

Chief Operations Officer

Chief Technology Officer

Head of

Credit

Chief Risk

Officer

Head of Human Capital

Head of Transform-

ation

CEO

Cor

pora

te F

inan

ce

Leve

rage

d Fi

nanc

e

Infr

astr

uctu

re F

inan

ce

Res

ourc

es F

inan

ce

Ass

et B

ased

Fin

ance

Prop

erty

Fin

ance

Deb

t Res

truc

turin

g

Deb

t Cap

ital M

Ark

ets

Res

earc

h

Head of International (outside Africa)

FirstRandChief Executive Officer

Equi

ty S

truc

turin

g

Equi

ty T

radi

ng

RM

B M

orga

n St

anle

y

Age

ncy

busi

ness

Equ

ity C

apita

l Mar

kets


Rand Merchant Bank

RMB’s Investment Banking Division is one of the leading investment banking teams in South Africa. We are committed to providing our clients with creative and value-added advisory, funding and principal investing solutions to complex transactions

RMB has received various accolades recognising excellence within its Investment Banking division including Investment Bank of the Year, M&A Advisory of the Year (ACQ Global Awards), Sub-Sahara Currency Bonds 1st (Bloomberg)

RMB FICC’s team of skilled specialists and dealers provide a comprehensive range of treasury risk management solutions to a select client base ranging for vanilla to structured debt

Investment BankingPrivateEquity

Equities

Fixed Income, Currencies and

Commodities

FIC

C S

ales

& S

truc

turin

g

FIC

C T

radi

ng

RM

B C

orve

st

RM

B V

entu

res

RM

B R

esou

rces

Client Coverage

Com

mod

ities

& S

truc

ture

d Tr

ade

FirstRandChief Risk Officer

FirstRandChief Financial Officer

Chief Investmen

t Officer

Chief Financial

Officer

Chief Operations Officer

Chief Technology Officer

Head of

Credit

Chief Risk

Officer

Head of Human Capital

Head of Transform-

ation

CEO

Cor

pora

te F

inan

ce

Leve

rage

d Fi

nanc

e

Infr

astr

uctu

re F

inan

ce

Res

ourc

es F

inan

ce

Ass

et B

ased

Fin

ance

Prop

erty

Fin

ance

Deb

t Res

truc

turin

g

Deb

t Cap

ital M

Ark

ets

Res

earc

h

Head of International (outside Africa)

FirstRandChief Executive Officer

Equi

ty S

truc

turin

g

Equi

ty T

radi

ng

RM

B M

orga

n St

anle

y

Age

ncy

busi

ness

Equ

ity C

apita

l Mar

kets

Strictly Private and Confidential

RMB’s activity in Africa

For more than 10 years RMB has provided financial solutions to clients across 35 countries on the African continent.

We provide a full spectrum of Investment Banking services to all industries, making us one of the leading financial and business partners on the continent. .

In line with the FirstRand Group’s African expansion strategy, RMB is focused on growing its African franchise focusing on investment banking and trading activities and capturing trade and investment flows into Africa from key Asian markets such as India and China

Through FirstRand, our parent company, RMB is a signatory to Nepad (New Partnership for African Development) and we play an active role in the ongoing economic transformation of the continent.

From a development perspective, we constitute a critical pool of capital and expertise.

Our activities help to build the social, financial and infrastructural foundations of both South Africa and the African continent.

RMB recently acted as co-mandated lead arranger and co-bookrunner for the US$250m loan to the Ministry of Finance of the Tanzania Government


RMB – Top Investment Bank


RMB – Debt Capital Markets

Deals done Co-arranged Land Banks R10bn DMTN and R1,2bn issuance

Lead arranger for City of Joburg’s R1,368m bond issuance

Issued R1,5bn fixed rate notes

February - September 2011

Arranger

Co – Arranged R 1,25bn Bond issuance

March 2011

Co-Arranger

Structured Ekurhuleni’s Sinking

Fund February 2011

Arranger

Arranged R1,7bn CP issuance

March – July 2011

Arranger

Dec 2010

Co Arranged R700m CP issuance

Co-Arranger

Participated with 750m on a Structured Transnet club loan of

R8 billionLoaned Transnet R1 billion

December 2010

Advised, structured and successfully placed SAA

syndicated loan paper into the market

Airport Company of SA raised R1.051bn through issuance of second bond

Co-arranger and distributor

September 2009January 2011

Funding of Eskom’s capital expansion programme

Lender


RMB – Foreign Currency Deals

Arranger of US$130m loan for DBSA Co-lead arranger for Sovereign US$750m 30yr bond


RMB – Infrastructure Finance

Sole lead arranger and underwriter for new head office

Lead arranger for Gauteng Freeway Improvement Scheme

Sole lender of eThekwini’s 15yr R1bn water upgrade project


RMB – Infrastructure FinanceJoint lead-arranger and funder for DFA’s R1,55bn expansion programme Long term partnership with Bombela and Gauteng Province

Sole lead arranger in R750m pref share facility for N3 toll road

rand merchant bank(rmb)

Documents