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FSR MET
FSR MET
FSR/MET/ FirstRand / Metropolitan Holdings / Momentum Group - Further cautionary
announcement
FirstRand Limited
(Registration number 1966/010753/06)
Share code: FSR ISIN: 000066304
("FirstRand")
Metropolitan Holdings Limited
(Registration number 2000/031756/06)
Share code: MET ISIN: 000050456
("Metropolitan")
Momentum Group Limited
(Registration number 1904/002186/06)
("Momentum")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on SENS on 31
March 2010 and in the press on 1 April 2010 wherein shareholders of FirstRand
and Metropolitan were advised that FirstRand, Metropolitan and Momentum have
reached an agreement for the merger of Momentum and Metropolitan ("Proposed
Merger"), which transaction may have a material effect on FirstRand and
Metropolitan shares. The due diligence investigations and regulatory approval
processes are still underway and shareholders are accordingly advised to
continue to exercise caution when dealing in FirstRand and Metropolitan shares
until further announcements in this regard are made.
17 May 2010
Merchant bank and sponsor to FirstRand and Momentum
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal Advisors to FirstRand and Momentum
Webber Wentzel
Actuaries to the Proposed Transaction
Deloitte
Metropolitan Financial Advisor and Joint Transaction Sponsor
Fidelis Partners
Metropolitan Joint Transaction Sponsor
Merrill Lynch South Africa (Pty) Limited
Legal Advisors to Metropolitan
Edward Nathan Sonnenbergs
FirstRand and Metropolitan Sponsor in Namibia
Simonis Storm Securities
Date: 17/05/2010 08:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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