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SBTPV1AGLSTAAGLSIC
SCIB
SCIB - Standard Bank - Adjustments to the terms and conditions of The Standard
Bank Anglo American Plc share instalments
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK ANGLO AMERICAN
PLC SHARE INSTALMENTS
Following the Anglo American PLC ("AGL") Mondi unbundling announcement, AGL
share holders will receive 10 Mondi Limited ("MND") and 25 Mondi PLC ("MNP")
shares for every 100 AGL shares held. Further to this unbundling AGL shares
will undergo a consolidation where 100 AGL shares will convert into 91 shares.
Following this announcement, notice is hereby given that holders of 100 Anglo
American share instalments ("AGLSIC") prior to the unbundling will receive 10
Mondi Limited share instalments ("MNDSIC") and 25 Mondi PLC share instalments
("MNPSIC"). Holders of 100 Anglo American turbo share instalments ("AGLSTA")
prior to the unbundling will receive 10 Mondi Limited turbo share instalments
("MNDSTA") and 25 Mondi PLC turbo share instalments ("MNPSTA"). The terms of
the new MNDSIC, MNPSIC, MNDSTA and MNPSTA share instalments will be adjusted
to place the share instalment and turbo share instalment holder in the same
financial position they were prior to the unbundling. The terms of the new
share instalments shall be determined at the close of business on 2nd July
2007. Due to the share consolidation the conversion ratios on the existing
share instalments (AGLSIC and AGLSTA) will be adjusted accordingly.
The following share instalments will be affected by this corporate action:
Existing
Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000089363 AGLSIC 168 1:1 13-Dec-2007 American Call
ZAE000089629 AGLSTA 255 1:1 13-Dec-2007 American Call
New Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000089363 AGLSIC TBA 1:0.91 13-Dec-2007 American Call
ZAE000089629 AGLSTA TBA 1:0.91 13-Dec-2007 American Call
The last day to trade to qualify for the unbundling is the 29th June 2007.
The Effective Date of the adjustment shall be 3rd July 2007.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned share instalments.
This Notice together with the Common Terms Document and Conditions Annexure
record the terms and conditions of the agreement between the Parties. Any
terms used in this Notice which are defined in the Common Terms Document,
Conditions Annexure and the relevant Supplements 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.
26 June 2007
Date: 26/06/2007 15:24:01 Produced by the JSE SENS Department.
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