Absa Group Limited - Notice Of Grant Of Options
Release Date: 26/08/2004 11:01:01 Code(s): ASA
ABSA GROUP LIMITED - NOTICE OF GRANT OF OPTIONS
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
(`Absa`)
JSE CODE: ASA
Issuer code: AMAGB
ISIN CODE: ZAE000013389
NOTICE OF GRANT OF OPTIONS IN TERMS OF PARAGRAPHS 3.63 TO 3.74 OF THE JSE
LISTINGS REQUIREMENTS
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Securities Exchange South Africa, notice is hereby given that the following
executive directors were granted options in terms of the Absa Group Limited
Share Incentive Scheme (`the Scheme`) on 19 August 2004 at an allocation price
of R51.61 per ordinary Absa share (being the volume-weighted average traded
price of Absa ordinary shares on the 18 August 2004). Approval for the
respective individual allocations and clearance to deal was given on 19 August
2004.
Name Designation Number of Nature
options granted of interest
RR Emslie Absa Bank alternate 80 000 indirect beneficial
LL von Zeuner Absa Bank director# 102 000 indirect beneficial
# Absa executive director with effect from 1 September 2004
In terms of the Scheme, one-third of the options vest on the third anniversary
of the date of grant, a further third on the fourth anniversary and the final
third on the fifth anniversary. The options are subject to a 10-year expiry
period.
Johannesburg
26 August 2004
Lead Sponsor
Merrill Lynch South Africa (Pty) Limited
Co-Sponsor
ABSA Corporate and Merchant Bank
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