Absa Bank - Amendments to the terms and conditions
JSE KMBABE
ACMB
Absa Bank - Amendments to the terms and conditions of the call warrant relating
to the ordinary shares of Kumba Resources Ltd
Following the announcement whereby holders of Kumba Resource Ltd shares (KMB)
will receive one Kumba Iron Ore Ltd (KIO) share for every Kumba Resources Ltd
(KMB) share held, Absa Bank Ltd (the Issuer) will amend the conditions of the
warrants listed below in the following way.
Before Adjustment
Underlying Share Warrant Type Expiry ISIN Cover Strike
1 Kumba Resources KMBABE AC 15 MAR 07 ZAE000085270 29.64 15810
Ltd Share
After Adjustment
Underlying Basket Warrant Type Expiry ISIN Cover Strike
1 Kumba Resources KMBABE AC 15 MAR 07 ZAE000085270 29.64 15810
Ltd Share + 1
Kumba Iron Ore
Share
Example
A Warrant holder of 29.64 KMBABE Warrants currently has the right to purchase 1
Kumba Resources Ltd share at an Exercise Price of R160.00 each, a total outlay
of R160.00. After the adjustment, a holder of 29.64 KMBABE Warrants will
instead have the right to purchase a basket of 1 Kumba resources Ltd shares and
1 Kumba Iron Ore Ltd shares at an Exercise Price of R160.00 per basket, also a
total outlay of R160,00.
The effect of the abovementioned adjustment is to place the warrant and share
instalment holders in the same position they would have been in had the
unbundling not taken place. This adjustment will be effective from 21 November
2006.
For further information contact
Absa Equity Derivatives
Tel: (011) 221 9083/4/5
e-mail: derivatives@absa.co.za
Sponsor
Absa Capital - Corporate Finance
A division of Absa Bank Limited
Reg. No. 1986/004794/06"
Date: 21/11/2006 08:22:54 AM Produced by the JSE SENS Department
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