Slide 1: Pre-close investor update
Pre-close investor update 23 June 2026
Slide 2: Previous guidance pre and post provision confirmed
2 Previous guidance pre and post provision confirmed Excluding the provision: Earnings growth and ROE guidance for year to June 2026 for underlying operations remains intact • Earnings growth - high mid-teens • ROE moves to top end of 18% to 22% range Including the provision: Normalised earnings con
Slide 3: Unpack of the performance drivers of operational performance
3 Unpack of the performance drivers of operational performance • NII growth for the year trending slightly higher than guidance at interims • driven by SA and broader Africa lending franchises • FNB SA retail advances higher than first half, with continued strong origination in WesBank • RMB corpora
Slide 4: Unpack of the underlying operational performance
4 Unpack of the underlying operational performance • Non-interest revenue (NIR) remains robust • strong growth in fee and commission income from FNB, and knowledge-based fees in RMB • trading and fair value income growth supported by recovery in RMB Global Markets business • insurance income impacte
Slide 5: Classification of Aldermore as a discontinued operation
5 Classification of Aldermore as a discontinued operation • The group announced the orderly exit of UK operations in April 2026 • Preparation for deal process has progressed well • The transaction timeline would lead to a Board decision by June 2027 (excluding the regulatory approval process) • Ther
Slide 6: Update on FCA redress scheme
6 Update on FCA redress scheme • UK motor commission redress scheme provision remains intact • The impact of the challenge of the scheme will be assessed as the FCA releases further updates • FRB London Branch portion of provision will also be normalised to reflect clean continuing operations • Desp
Slide 7: In conclusion
7 In conclusion • Stronger performances from the SA and broader Africa franchises more than offset the weaker performance from UK operations • Performance is testament to the quality and resilience of the client-facing franchises which continue to deliver against strategic objectives
Slide 8: www.firstrand.co.za
FirstRand www.firstrand.co.za