FSR
FSR
Firstrand Limited - Announcement
FIRSTRAND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1966/010753/06)
(Share code: FSR)
(ISIN: ZAE000066304)
ANNOUNCEMENT
First National Bank ("FNB"), a division of FirstRand Bank Limited, a wholly
owned subsidiary of FirstRand Limited, today announced that it will refund those
ex-Saambou customers who were over charged interest on their home loans prior to
the acquisition of the Saambou home loans book by FNB in 2002.
FNB will pay out a total of R154 million to the 50,000 ex-Saambou customers
affected.
This pay-out will have no impact on the FirstRand Limited financial results for
the year-ended 30 June 2006 as it has been covered in terms of warranties put in
place when the transaction was completed.
A detailed media statement from FNB can be viewed on the FirstRand Limited
website www.firstrand.co.za
Sandton
19 June 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19/06/2006 09:45:03 AM Produced by the JSE SENS Department
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