Standard Bank - Adjustments to the terms and condi
SBK INPSIB
SBK
Standard Bank - Adjustments to the terms and conditions of Share Instalment
PRESS ANNOUNCEMENT
The Standard Bank Of South Africa Limited
Share Code: INPSIB
ISIN Code: ZAE000074944
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK INVESTEC PLC SHARE
INSTALMENT
Prior Terms
JSE Code Exercise Price Conversion Expiry Exercise Style
Ratio
INPSIB R135.00 1 for 1 27/11/2006 American Call
Following the Investec plc ("INP") announcement of a 5 FOR 1 share split of INP,
the Issuer will amend the Terms and Conditions in the following way:
The Adjustments
On the 4TH September 2006, a new Exercise Price will be calculated, so that the
effect of the adjustments will be that:
The New Strike Price = (Old Strike/5)
The conversion ratio will not change, but there will rather be an instalment
split, whereby the holder of 1 INPSIB share instalment will be converted to 5
share instalments.
Example
Before the adjustment the holder of 1 INPSIB Share Instalment, had the right to
purchase 1 INP share at an Exercise Price of R135.00 per share, a total cash
outlay of R135.00 per instalment.
After the adjustment, a holder of 5 INPSIB (previously 1) Share Instalments,
will have the right to purchase 5 INP shares at an Exercise Price of R27.00, a
total cash outlay of R135.00 per 5 instalments
New Terms
JSE Code Exercise Price Conversion Expiry Exercise Style
Ratio
INPSIB R27.00 1 for 1 27/11/2006 American Call
The JSE Limited ("the JSE") Issuer Services Division has approved the adjustment
of the above-mentioned warrants, and the adjustments will be effective from 4
September 2006.
Date: 04/09/2006 11:18:07 AM Produced by the JSE SENS Department
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