FirstRand Limited's (FirstRand) shareholder, RMB Holdings Limited (RMH), published an announcement on the Johannesburg Stock Exchange News Service on 14 April 2020, setting out the detailed terms of the restructuring of its portfolio of assets and liabilities, including the intended distribution in specie of RMH's shareholding in FirstRand to RMH shareholders in June 2020. Pursuant to the unbundling of FirstRand shares by RMH, as approved by RMH shareholders at a general meeting held on 1 June 2020, Mr. Hermanus Lambertus Bosman has tendered his resignation as a non-executive director of the boards of FirstRand Limited effective 30 June 2020.