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FSR
FSR
FSR - FirstRand Limited - Dealings in securities by a director
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE000066304
Share Code: (JSE): FSR
Share Code: (NSX): FST
("FirstRand")
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
Director : Deepak Premnarayen
Company : FirstRand Limited
Date of transaction : 30 November 2011
Nature of transaction : Off market exercise of Share Appreciation
Right ("SAR") granted in terms of the
FirstRand Equity or Cash Settled Share
Appreciation Right Scheme 2008.
Class of securities : SAR in respect of ordinary shares
Number of SARs exercised 768 192
Exercise price : R10,48
Periods of exercise and : 1/3 on or after 3rd anniversary of grant
vesting date
1/3 on or after 4th anniversary of grant
date
Final 1/3 on or after 5th anniversary of
grant date
Value of exercise : R8 050 652.16
Director`s interest : Direct beneficial
Clearance obtained : Yes
The Share Appreciation Right grant, which totalled 2 304 577 share equivalent
units, made to Mr Premnarayen in 2008, reached its first vesting date for take
up and he was entitled to take delivery of the first 3rd of the underlying
FirstRand ordinary shares.
The corporate performance target ("CPT") attached thereto was met on the first
vesting in 2011.
Accordingly, Mr Premnarayen exercised his entitlement of the first third being
768 192 shares.
Sandton
2 December 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/12/2011 12:57:01 Produced by the JSE SENS Department.
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