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TONSTA - Standard Bank - Adjustments to the terms and conditions of the Standard
Bank Tongaat Hulett Limited Turbo Share Instalment
The Standard Bank of South Africa
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TONGAAT HULETT
LIMITED TURBO SHARE INSTALMENT
Following the Tongaat Hulett Group Limited ("TNT") announcement of the BEE pro
rata share repurchase on the Tongaat Hulett Limited ("TON") shares, shareholders
will be required to sell 4.5% of their shares in TON at a price of R92.80.
Following this announcement, notice is hereby given that the terms of the turbo
share instalment, TONSTA, will accordingly be amended as follows:
Cash payout = (R92.80 - R55.41) * number of turbo share instalments, TONSTA,
held.
(R55.41 is the Exercise Price of the turbo share instalment, TONSTA)
The terms of the turbo share instalment, TONSTA, will be adjusted by changing
the conversion ratio from 1 : 1 to 1 : 0.955.
Existing Terms
ISIN JSE Code Exercise Conversion Expiry Exercise
Price Ratio Style
ZAE000099412 TONSTA 55.41 1for1 13-Dec-07 American
Call
New Terms
ISIN JSE Code Exercise Conversion Expiry Exercise
Price Ratio Style
ZAE000099412 TONSTA 55.41 1 for 0.955 13-Dec-07 American
Call
The last day to trade to be affected by the BEE transaction is the Friday the
29th June 2007. The Effective Date of the adjustment shall be Monday 2nd July
2007.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned turbo instalments.
This Notice together with the Common Terms Document, Conditions Annexure and the
relevant Supplements records the terms and conditions of the agreement between
the Parties. Any terms used in this Notice which are defined in the Common
Terms Document and Conditions Annexure shall bear the meaning ascribed to them
therein, unless specifically stated otherwise herein. Other than as set out
herein, the terms and conditions set out in the Common Terms Document,
Conditions Annexure and relevant Supplements remain unchanged and in full force
and effect.
20 June 2007
Sponsor: Standard Corporate and Merchant Bank
Date: 20/06/2007 15:58:01 Produced by the JSE SENS Department.
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