The Standard Bank of South Africa Limited - Adjust
The Standard Bank of South Africa Limited - Adjustments to the terms and
conditions of the Standard Bank Tiger Brands Limited Share Instalment
The Standard Bank of South Africa Limited
PRESS ANNOUNCEMENT
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TIGER BRANDS
LIMITED SHARE INSTALMENT
Prior Terms
JSE Exercise Conversion Expiry Exercise ISIN Code
Code Price Ratio Style
TBSSIA R47.00 1 for 1 09/12/2005 American Call ZAE000061404
Following Tiger Brands Ltd ("TBS") announcement of forced sale of 4 for every
100 shares held at R112 of TBS, the Issuer will amend the Terms and Conditions
in the following way:
Example
Before the adjustment the holder of 1 TBSSIA Share Instalment, had the right to
purchase 1 TBS share at an Exercise Price of R47.00 per share, a total cash
outlay of R47.00 per instalment.
After the adjustment, a holder of 1 TBSSIA Share Instalments, will have the
right to purchase 1.007 TBS shares at an Exercise Price of R47.33, a total cash
outlay of R47.66 per instalment.
New Terms
JSE Exercise Conversion Expiry Exercise ISIN Code
Code Price Ratio Style
TBSSIA R47.33 1.007 for 1 09/12/2005 American Call ZAE000061404
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 17
October 2005.
-ends-
17 October 2005
Date: 17/10/2005 03:40:07 PM Produced by the JSE SENS Department
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