Standard Bank - Adjustments to the terms and condi
SBK KMBSTA
SBK
Standard Bank - Adjustments to the terms and conditions of the Standard Bank
Kumba Resources Limited Turbo Share Instalment
The Standard Bank of South Africa Limited
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK KUMBA RESOURCES
LIMITED TURBO SHARE INSTALMENT
Prior Terms
ISIN JSE Code Exercise Conversion Expiry Exercise Style
Price Ratio
ZAE000084422 KMBSTA 100.00 1for1 12-Sep-07 American Call
Following the Kumba Resources Limited ("KMB") unbundling announcement, KMBSTA
holders will receive 1 Kumba Iron Ore Ltd. ("KIO") turbo instalment for every 1
KMBSTA held.
Standard Bank will amend the strike prices of the turbo instalments so that the
new strike prices add up to the current R100 KMBSTA strike before the
unbundling. A previous holder of 1 KMBSTA Turbo Instalment will hold 1 New
KMBSTA Turbo Instalment and 1 KIOSTA Turbo Instalment, so that the financial
position of the turbo instalment holder is unprejudiced.
As SAFEX are making the adjustment as of close of business on Monday 20th of
November, Standard Bank will determine the strike prices as of close of business
on Monday, 20th of November . The strikes will be determined as follows:
KIOSTA strike = 100 * (KIO close)/ (New KMB close + KIO close)
New KMBSTA strike = 100 * (New KMB close)/ (New KMB close + KIO close)
The split to the holders will only occur as of close of business on Monday 20th
November. Should holders wish to trade the Old KMBSTA during Monday"s trading
session please contact the Standard Bank Equity Derivatives desk on +27 (0)11
378 7140.
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of
the above-mentioned turbo instalments.
Date: 16/11/2006 04:40:04 PM Produced by the JSE SENS Department
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