FIRSTRAND LIMITED - Recommended cash offer for Aldermore Group PLC: Completion of acquisition by FirstRand International Limited

Recommended cash offer for Aldermore Group PLC: Completion of acquisition by FirstRand International Limited

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/010753/06)
JSE ordinary share code: FSR
Ordinary share ISIN: ZAE000066304
JSE B preference share code: FSRP
B preference share ISIN: ZAE000060141
NSX ordinary share code: FST

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001225/06)
JSE company code interest rate issuer: FRII
JSE company code debt issuer: FRD
JSE company code ETF issuer: FRLE


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF THAT JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

RECOMMENDED CASH OFFER for Aldermore Group PLC by FirstRand International
Limited, a wholly-owned subsidiary of FirstRand Limited

COMPLETION OF ACQUISITION BY FIRSTRAND INTERNATIONAL LIMITED
Aldermore Group PLC ("Aldermore" or the "Company") and FirstRand
International Limited ("FirstRand Offeror"), a wholly-owned subsidiary of
FirstRand Limited, are pleased to announce that the Scheme has now become
effective and the entire issued ordinary share capital of Aldermore is
owned by FirstRand Offeror.

Admission to trading of Aldermore Shares on the London Stock Exchange’s
main market for listed securities and the listing of Aldermore Shares on
the premium listing segment of the Official List of the UK Listing
Authority will be cancelled with effect from 8:00 am on 15 March 2018.

Aldermore Shareholders on the register at the Scheme Record Time, being
6.00p.m. on 13 March 2018, will receive 313 pence in cash for each Scheme
Share. The consideration due to Scheme Shareholders will be sent by 28
March 2018.

Defined terms used but not defined in this announcement have the meanings
set out in the Scheme Document dated 13 November 2017.

Enquiries:

FirstRand Ltd                                      Tel: +27 (0) 11 282
                                                   1341
Sam Moss, Head of Investor Relations

Credit Suisse, financial advisor to FirstRand      Tel: +44 (0) 20 7888
Offeror and FirstRand Ltd                          8888

George Maddison / William Nourse / Joe Hannon
/ Gaurav Parkash

Rand Merchant Bank financial advisor to            Tel: +27 (0) 11 282
FirstRand Offeror and FirstRand Ltd                8000

Leon von Moltke / Dinesh Fakir

Teneo Blue Rubicon, public relations adviser       Tel: +44 (0)20 7420
to FirstRand Offeror and FirstRand Ltd             3195

Anthony Silverman


Publication on website
A copy of this announcement will be made available subject to certain
restrictions relating to persons resident in restricted jurisdictions 
on Aldermore’s and FirstRand Limited’s websites
(http://www.investors.aldermore.co.uk and
http://www.firstrand.za/InvestorCentre, respectively) by
no later than 12 noon (London time) on 15 March 2018. For the avoidance of
doubt, the contents of those websites are not incorporated and do not form 
part of this announcement.


14 March 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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