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FirstRand shareholders ("Shareholders") are referred to the announcement dated 14 April 2011 regarding discussions between FirstRand and Sterling Bank plc ("Sterling"). FirstRand would like to advise Shareholders that FirstRand and Sterling ("the Parties") have agreed to terminate discussions regarding the acquisition by FirstRand of a majority shareholding in Sterling as the Parties have been unable to agree mutually acceptable terms. FirstRand continues to believe that Nigeria is a key market for FirstRand's African expansion given the strong underlying growth prospects in the Nigerian financial services sector and will continue to evaluate options regarding the Company's entry into Nigeria.







2011-06-03 13:02:44