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Mon 22 Oct 2007, 11:29 ACPL - Absa - Amendments to the terms and conditio
JSE
 ACPL                                                                            
ACPL - Absa - Amendments to the terms and conditions of the call warrants       
relating to the ordinary shares of Arcelormittal SA Ltd                         
Absa Bank Limited                                                               
AMENDMENTS TO THE TERMS AND CONDITIONS OF THE CALL WARRANTS RELATING TO THE     
ORDINARY SHARES OF ARCELORMITTAL SA LTD                                         
Following the announcement by the board of Arcelormittal SA Limited (ACL)       
whereby ACL declared a special dividend of 404c, Absa Bank Ltd (the Issuer) will
amend the conditions of the warrants listed below in the following way.         
Warrant Type  Expiry     ISIN           Previous  Adjusted  Previous  Adjusted  
                                       Strike    Strike    Cover     Cover      
ACLABF  AC    24-Jan-08  ZAE000108270   12709     12352     18.42     17.9      
ACLABG  AC    2-May-08   ZAE000108239   15500     15056     32        31.1      
The effect of the abovementioned adjustment is to place the Warrant holders in  
the same position it would have been in had the special dividend not been       
declared. This adjustment will be effective from 22 October 2007.               
Copies of the Offering Circular may be obtained from:                           
Absa Bank Ltd                                                                   
1st Floor, Absa Towers North                                                    
180 Commissioner Street                                                         
Johannesburg, 2001                                                              
Sponsor                                                                         
Absa Capital - Corporate Finance                                                
A division of Absa Bank Limited                                                 
Reg. No. 1986/004794/06"                                                        
For further information contact                                                 
Absa Warrants                                                                   
Tel:  (011) 221 9083/4/5                                                        
e-mail: derivatives@absa.co.za                                                  
Date: 22/10/2007 11:29:33 Produced by the JSE SENS Department.                  
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