Firstrand Limited - Announcement
FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
Share Code: FSR
ISIN: ZAE000014973
Shareholders are referred to today"s announcement by FirstRand Limited
subsidiary Ansbacher (Cayman) Limited, that it has agreed with Irish Revenue to
settle matters relating to its alleged tax liabilities in Ireland.
Ansbacher (Cayman) Limited has agreed to pay Eur7.5million (approximately R60
million) in full and final settlement of the matter.
FirstRand had not provided for the settlement as it had always believed that
there was no liability. However the limited effect of the payment means that the
group is still comfortable that it will achieve the results currently expected
by the market for the half year to 31st December 2003.
Sandton
5 January 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 05/01/2004 11:32:01 AM Produced by the JSE SENS Department
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