FSRNBL / FSRNBM - Nedbank - Adjustment to the term
JSE FSRNBMFSRNBL
NEDB
FSRNBL / FSRNBM - Nedbank - Adjustment to the terms & conditions of the First
Rand Ltd Nedbank warrants
Adjustment To The Terms & Conditions Of the First Rand Ltd Nedbank Warrants
Nedbank Limited
FSRNBL ZAE000100368
FSRNBM ZAE000109666
Due to Firstrand Ltd unbundling of Discovery Holdings Ltd, holders of the
warrants are given notice that the Issuer has amended the terms and conditions
as indicated below.
Firstrand Ltd shareholders will receive 5.6134300 Discovery Holdings Ltd shares
for every 100 shares that are held in Firstrand Ltd. The below amendments were
made to place the holder of the warrants in the same financial position prior to
the unbundling. The last day to trade is Friday, 16 November 2007 and will be
effective on 19 November 2007.
Old Strike Price 25 28.5
New Strike Price 23.37 26.65
Expiry Date 2007/12/14 2008/05/23
Old Conv. Ratio 6 8
New Conv.Ratio 5.61 7.48
Call/Put Call Call
Style American American
Issue Code FSRNBL FSRNBM
Isin Code ZAE000100368 ZAE000109666
The Warrant is exercisable only in accordance with the terms & conditions as set
out in the relevant offering circular.
For more information contact Nedbank Equity Derivatives on (011) 535 4030.
135 Rivonia Road, Sandton
19 November 2007
Sponsor Nedbank Capital
Regards
Yolanda Le Roux
Equity Capital Markets
Date: 19/11/2007 17:59:02 Produced by the JSE SENS Department.
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