First National Bank of Botswana : PRESS ANNOUNCEMENT IN RESPECT OF THE NOTEHOLDER EXTRAORDINARY GENERAL MEETINGS HELD ON 11TH JULY 2022 FNBB006, FNBB009, FNBB010 AND FNBB011 (UNLISTED)

July 20, 2022 at 06:54 am EDT

Press Announcement

FIRST NATIONAL BANK BOTSWANA LIMITED (INCORPORATED IN THE REPUBLIC OF BOTSWANA WITH LIMITED LIABILITY UNDER UIN BW00000790476)

(FNBB OR THE ISSUER)

BWP 3,000,000,000 MEDIUM TERM NOTE PROGRAMME

PRESS ANNOUNCEMENT IN RESPECT OF THE NOTEHOLDER EXTRAORDINARY GENERAL MEETINGS HELD ON 11TH JULY 2022

FNBB006, FNBB009, FNBB010 AND FNBB011 (UNLISTED)

This Press Announcement follows on from the Press Announcement released by the Issuer on the Botswana Stock Exchange Limited (BSEL)'s news service, X-News, on the 16th of May 2022 and the Notice to Noteholders calling and Extraordinary General Meeting (EGM) of Noteholders Noteholder in respect of each of FNBB006, FNBB009, FNBB010 and FNBB011 (Affected Notes) released on X-News on Friday 17th June 2022 in relation to the new Reference Rate MoPR to be substituted for the Bank Rate.

Results of the Extraordinary General Meeting of Noteholders of FNBB006 (EGM), held via Microsoft Teams link at 09:00a.m on Monday 11th July 2022.

40 Noteholders were represented, by proxy, with total holding of 99,840,000 which represented 89.05% of the FNBB006 Notes. FNBB006 Total holding in issue: 112,120,000

At the Extraordinary General Meeting of Noteholders of FNBB006 (EGM), held on Monday 11th July 2022, the following resolutions proposed at the meeting were approved by:

Resolution	Votes disclosed	Votes	Votes disclosed in
	in percentage in	disclosed in	percentage in relation to the
	relation to the total	percentage in	total holding in issue*
	holding voted at the	relation to the
	meeting		total holding
			in issue in
			issue*

	In	Against	Abstain
	favour

EXTRAORDINARY
RESOLUTION 1

To approve the FNBB006	100%	0%	0%	99,840,000	89.05%
Amended and Restated
Pricing Supplement,
which is to be amended by
substituting the Reference
Rate from the Bank Rate to
MoPR and providing for an
adjusted Margin as outlined
in the Notice to Noteholders
dated 17th June 2022,
with a Reset Date of 11 May
2022.

Results of the Extraordinary General Meeting of Noteholders of FNBB009 (EGM), held via Microsoft Teams link at 10:30a.m on Monday 11th July 2022.

21 Noteholders were represented, by proxy, with total holding of 103,310,000 which represented 81.76% of the FNBB009 Notes. FNBB009 Total holding in issue: 126,350,000

At the Extraordinary General Meeting of Noteholders of FNBB009 (EGM), held on Monday 11th July 2022, the following resolutions proposed at the meeting were approved by:

Resolution	Votes disclosed	Votes	Votes disclosed in
	in percentage in	disclosed in	percentage in relation to the
	relation to the total	percentage in	total holding in issue*
	holding voted at the	relation to the
	meeting		total holding
			in issue in
			issue*

	In	Against	Abstain
	favour

EXTRAORDINARY
RESOLUTION 1

To approve the FNBB009	100%	0%	0%	103,310,000	81.76%
Amended and Restated
Pricing Supplement,
which is to be amended by
substituting the Reference
Rate from the Bank Rate to
MoPR and providing for an
adjusted Margin as outlined
in the Notice to Noteholders
dated 17th June 2022, with
a Reset Date of 8th June
2022.

Results of the Extraordinary General Meeting of Noteholders of FNBB010 (EGM), held via Microsoft Teams link at 10:30a.m on Monday 11th July 2022.

36 Noteholders were represented, by proxy, with total holding of 185,912,000 which represented 94.47% of the FNBB010 Notes. FNB 010 Total holding in issue: 196,802,000

At the Extraordinary General Meeting of Noteholders of FNBB010 (EGM), held on Monday 11th July 2022, the following resolutions proposed at the meeting were approved by

Resolution	Votes disclosed	Votes	Votes disclosed in
	in percentage in	disclosed in	percentage in relation to the
	relation to the total	percentage in	total holding in issue*
	holding voted at the	relation to the
	meeting		total holding
			in issue in
			issue*

	In	Against	Abstain
	favour

EXTRAORDINARY
RESOLUTION 1

To approve the FNBB010	100%	0%	0%	185,912,000	94.47%
Amended and Restated
Pricing Supplement,
which is to be amended by
substituting the Reference
Rate from the Bank Rate to
MoPR and providing for an
adjusted Margin as outlined
in the Notice to Noteholders
dated 17th June 2022, with
a Reset Date of 2 June 2022.

Results of the Extraordinary General Meeting of Noteholders of FNBB011 (EGM), held via Microsoft Teams link at 11:00a.m on Monday 11th July 2022.

10 Noteholders were represented, by proxy, with total holding of 109,800,000, which represented 93.25% of the FNBB011 Notes. FNBB011 Total holding in issue: 117,750,000.

At the Extraordinary General Meeting of Noteholders of FNBB011 (EGM), held on Monday 11th July 2022, the following resolutions proposed at the meeting were approved by:

Resolution	Votes disclosed	Votes	Votes disclosed in
	in percentage in	disclosed in	percentage in relation to the
	relation to the total	percentage in	total holding in issue*
	holding voted at the	relation to the
	meeting		total holding
			in issue in
			issue*

	In	Against	Abstain
	favour

EXTRAORDINARY
RESOLUTION 1

To approve the FNBB011	100%	0%	0%	109,800,000	93.25%
Amended and Restated
Pricing Supplement,
which is to be amended by
substituting the Reference
Rate from the Bank Rate to
MoPR and providing for an
adjusted Margin as outlined
in the Notice to Noteholders
dated 17th June 2022, with
a Reset Date of 15th June
2022.

In light of the resolutions being duly passed at every Noteholder EGM, the Issuer and Trustee have proceeded to execute the Amended and Restated Pricing Supplement in respect of each Affected Note. These will be released on X-News on or about Friday 15th July 2022 and sent directly to Noteholders.

This press announcement is published in compliance with the Terms and Conditions in the Programme Memorandum dated 1st December 2011 in terms of the First National Bank of Botswana Limited BWP 3,000,000,000 (three billion Pula) Programme Memorandum and the Botswana Stock Exchange Debt Listing Requirements

Arranger

Legal Advisor to the Issuer and Arranger

Sponsoring Broker

Nominated Transfer Secretary

Botswana Limited. Registration Number BW00000790476

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Disclaimer

First National Bank of Botswana Limited published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 10:53:01 UTC.

	1st Jan change	Capi.
FIRST NATIONAL BANK OF BOTSWANA LIMITED	+9.07%	877M
JPMORGAN CHASE & CO.	+16.85%	571B
BANK OF AMERICA CORPORATION	+14.20%	301B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	+18.59%	252B
WELLS FARGO & COMPANY	+25.74%	216B
CHINA CONSTRUCTION BANK CORPORATION	+21.08%	183B
BANK OF CHINA LIMITED	+25.50%	170B
HSBC HOLDINGS PLC	+9.52%	162B
ROYAL BANK OF CANADA	+5.28%	146B
HDFC BANK LIMITED	-15.88%	131B

1st Jan change

Capi.

FIRST NATIONAL BANK OF BOTSWANA LIMITED

+9.07%

877M

JPMORGAN CHASE & CO.

+16.85%

571B

BANK OF AMERICA CORPORATION

+14.20%

301B

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

+18.59%

252B

WELLS FARGO & COMPANY

+25.74%

216B

CHINA CONSTRUCTION BANK CORPORATION

+21.08%

183B

BANK OF CHINA LIMITED

+25.50%

170B

HSBC HOLDINGS PLC

+9.52%

162B

ROYAL BANK OF CANADA

+5.28%

146B

HDFC BANK LIMITED

-15.88%

131B

End-of-day quote Botswana S.E. Other stock markets 06:00:00 2024-05-07 pm EDT			5-day change	1st Jan Change
4.69 ^BWP	0.00%		0.00%	+9.07%

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First National Bank of Botswana Limited

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First National Bank of Botswana : PRESS ANNOUNCEMENT IN RESPECT OF THE NOTEHOLDER EXTRAORDINARY GENERAL MEETINGS HELD ON 11TH JULY 2022 FNBB006, FNBB009, FNBB010 AND FNBB011 (UNLISTED)

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