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JSE TBSSBA
SCIB
SCIB: TBSSBA - The Standard Bank of South Africa - Adjustments To The Terms And
Conditions Of The Standard Bank Tiger Brands Ltd Warrants
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TIGER BRANDS LTD
WARRANTS
Following the Tiger Brands ("TBS") Adcock Ingram Unbundling, TBS share holders
will receive 1 AIP share for every 1 TBS share held.
Following this announcement, notice is hereby given that the terms of the TBS
warrants will be adjusted to place the warrant holder in the same financial
position they were prior to the rights offer ex-date, the TBS warrants will also
remain as warrants with the same single underlying stock TBS, effectively the
proceeds of the value of Adcock Ingram will be reinvested into Tiger Brands.
The terms of the warrants shall be determined at the close of business on 25th
August 2008.
The following warrants will be affected by this corporate action:
Existing Terms
ISIN JSE Exercise Conversion Expiry Exercise
Code Price Ratio Style
ZAE000115564 TBSSBA R145.00 35:1 10 Sep 2008 American
Call
New Terms
ISIN JSE Exercise Conversion Expiry Exercise Style
Code Price Ratio
ZAE000115564 TBSSBA 114.34 27.6:1 10 Sep 2008 American Call
The last day to trade before this adjustment is made will be 22nd August 2008.
The Effective Date of the adjustment shall be 25th August 2008.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned warrants.
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.
Please note that Share Instalments are subject to selling restrictions and
prospective purchases are referred to the relevant Conditions Annexure for
details of such restrictions.
Date: 26/08/2008 09:01:39 Produced by the JSE SENS Department.
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