Standard Bank of South Africa Limited - Adjustment
SBK IMPSIB
SBK
Standard Bank of South Africa Limited - Adjustments to the terms and
conditions of the Standard Bank Impala Platinum Holdings Limited share
instalment
PRESS ANNOUNCEMENT
The Standard Bank of South Africa Limited
Adjustments to the terms and conditions of the Standard Bank Impala
Platinum Holdings Limited share instalment
Prior Terms
JSE Code Exercise Conversion Expiry Exercise ISIN Codes
Price Ratio Style
IMPSIB R470.00 1 for 1 22/12/2006 American ZAE000075925
Call
Following Impala Platinum Holdings Limited ("IMP") announcement of a 8 FOR
1 share split of IMP, the Issuer will amend the Terms and Conditions in the
following way:
The Adjustments
On the 6TH November 2006, a new Exercise Price will be calculated, so that
the effect of the adjustments will be that:
The New Strike Price = (Old Strike/8)
The conversion ratio will not change, but there will rather be an
instalment split, whereby the holder of 1 IMPSIB share instalment will be
converted to 8 share instalments.
Example
Before the adjustment the holder of 1 IMPSIB Share Instalment, had the
right to purchase 1 IMP share at an Exercise Price of R470.00 per share, a
total cash outlay of R470.00 per instalment.
After the adjustment, a holder of 8 IMPSIB (previously 1) Share
Instalments, will have the right to purchase 8 IMP shares at an Exercise
Price of R58.75, a total cash outlay of R470.00 per 8 instalments
New Terms
JSE Code Exercise Conversi Expiry Exercise ISIN Codes
Price on Ratio Style
IMPSIB R58.75 1 for 1 22/12/2006 American ZAE000075925
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 6 November 2006.
Date: 02/11/2006 05:47:18 PM Produced by the JSE SENS Department
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