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The Standard Bank - Adjustments To The Terms And Conditions

Release Date: 20/11/2006 11:46
Code(s): SBK KMBSBPKMBSBE
Wrap Text

The Standard Bank - Adjustments To The Terms And Conditions                     
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK KUMBA RESOURCES    
LIMITED WARRANTS                                                                
Prior Terms                                                                     
ISIN             JSE Code   Exercise   Conversion  Expiry       Exercise Style  
                          Price      Ratio                                      
ZAE000081626                                                                    
                KMBSBE     120.00     35 for1     05 Dec 06    American Call    
ZAE000084513     KMBSBP     125.00     35 for 1    07 Feb 07    European Put    
Following the Kumba Resources Limited ("KMB") announcement of a 185c special    
dividend of KMB, the Issuer will amend the Terms and Conditions in the following
way to ensure that the financial position of the warrant holder is unprejudiced.
After the adjustment, a holder of 1 KMBSBE Call Warrant will have the right to  
purchase 0.0289 KMB shares at an Exercise Price of 118.58.                      
New Terms                                                                       
ISIN             JSE Code   Exercise   Conversion  Expiry        Exercise Style 
                          Price      Ratio                                      
ZAE000081626                                                                    
KMBSBE     118.58     34.58 for1  05 Dec 06     American Call   

ZAE000084513     KMBSBP     123.52     34.58 for 1 07 Feb 07     European Put   
The JSE Limited (JSE) Issuer Services Division has approved the adjustment of   
the above-mentioned warrants, and the adjustments will be effective from start  
of business Monday, 20th November 2006.                                         
Date: 20/11/2006 11:46:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department