SCIB: SAPSTB - The Standard Bank of South Africa - Adjustments to the terms and
JSE SAPSTB
SCIB
SCIB: SAPSTB - The Standard Bank of South Africa - Adjustments to the terms and
conditions of The Standard Bank Sappi Ltd share instalments
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK SAPPI LTD SHARE
INSTALMENTS
Following the Sappi Ltd ("SAP") Rights Offer announcement, SAP share holders
will receive rights to take up 6 Sappi Ltd ("SAP") shares at a price of R20.27
for every 5 SAP shares held.
Following this announcement, notice is hereby given that the terms of the SAPSTB
share instalments will be adjusted to place the share instalment in the same
financial position they were prior to the rights offer ex-date.
The following share instalments will be affected by this corporate action:
Existing Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000110557 SAPSTB R70.00 1:1 12-Dec-2008 American Call
New Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000110557 SAPSTB R44.50 1:1 12-Dec-2008 American Call
The last day to trade before this adjustment is made will be 14th November 2008.
The Effective Date of the adjustment shall be 17th November 2008.
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.
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: 17/11/2008 12:00:10 Produced by the JSE SENS Department.
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