FirstRand - Amendment To The Application Of Regula
FirstRand - Amendment To The Application Of Regulation 12 Set-Off In Firstrand
Bank Limited DI Reports
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` or `the Company`)
AMENDMENT TO THE APPLICATION OF REGULATION 12 SET-OFF IN FIRSTRAND BANK LIMITED
DI REPORTS
Following consultation with the South African Reserve Bank, FirstRand Bank
Limited has discontinued the practice of off-setting certain advances in DI
Reports.
This change will affect, in particular, the amounts relating to individual
deposit accounts and credit card advances reflected in Section DI 900 with
effect from April 2005.
The result of this change is that the amounts reflected in the DI reports for
each of the above two categories will increase by approximately R1 billion.
This is a reporting change, which will impact on market share statistics but has
no impact on earnings per share.
Sandton
13 June 2005
Merchant bank and sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 13/06/2005 11:49:03 AM
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