FIRSTRAND LIMITED - Dealings In Securities by a Director

Dealings In Securities by a Director

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE 000066304
Share Code: (JSE): FSR
Share Code: (NSX): FST
(“FirstRand”)
DEALINGS IN SECURITIES BY A DIRECTOR
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Director                         :       Johan Petrus Burger
Company                          :       FirstRand Limited

Date of transaction              :       14 September 2012
Nature of transaction            :       Off market settlement of conditional share (“CSP”) award, in cash
Class of securities              :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                   :       219 136
Number of CSP’s delivered        :       261 373
Price of original award          :       R20.4439
Award date                       :       14 September 2010
Vesting date                     :       13 September 2012
Period of vesting                :       24 months – in full
Value of original award          :       R4 479 994
Value of settlement              :       R6 949 908
Directors’ interest              :       Direct beneficial
Clearance obtained               :       Yes

40% of Mr Burger’s variable pay award in 2010 was deferred in CSP’s, totalling 219 136.

The total award delivered, 261 373 CSP’s, is made up as follows:

Original award on 14 September 2010                                                                         219 136

Additional award made on 13 December 2010, following the unbundling of FSR’s interest in                     33 374
Metropolitan Holdings Limited ("MMI") to ordinary shareholders (acquired as a consequence of the
Momentum Group Limited and MMI merger, which was settled by means of an exchange of
ordinary shares) ("the Momentum/MMI Merger").

Additional award made on 8 October 2011 following the declaration of the special dividend on                   8 863
12 September 2011.

The restriction on the CSP was lifted on 14 September 2012. Settlement will be effected in cash, based on the
closing price of FSR ordinary shares on 13 September 2012, R26,59.

The cash proceeds will be utilised by Mr Burger to settle the tax liability incurred on the dealings reporting in this
notice.
Date of transaction            :       17 September 2012
Nature of transaction          :       Off market settlement of forfeitable share (“FSP”) award
Class of securities            :       FSP in respect of ordinary shares
Number of FSP’s constituting
original award                 :       596 519
Number of FSP’s delivered      :       596 519
Price of original award        :       R15.80
Award date                     :       16 September 2009
Vesting date                   :       15 September 2012
Period of vesting              :       36 months – in full
Value of original award        :       R9 425 000
Value of settlement            :       R15 211 234
Directors’ interest            :       Direct beneficial
Clearance obtained             :       Yes

The restriction on the FSP was lifted on 17 September 2012 and Mr Burger elected to take delivery of the total
number of shares that constitute the award.

Date of transaction            :       17 September 2012
Nature of transaction          :       Off market settlement of conditional share (“CSP”) award , partly in cash,
                                       partly by delivery of shares
Class of securities            :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                 :       450 000
Number of CSP’s delivered      :       536 736
Price of original award        :       R19.15
Award date                     :       17 September 2009
Vesting date                   :       17 September 2012
Period of vesting              :       36 months – in full
Value of original award        :       R8 617 500
Value of settlement            :       R13 686 768
Directors’ interest            :       Direct beneficial
Clearance obtained             :       Yes

The original award made on 17 September 2009 was 450 000 CSP’s.

The total award delivered, 536 736 CSP’s, is made up as follows:

Original award on 17 September 2009                                                                      450 000

Additional award made on 13 December 2010, following the Momentum/MMI merger and the                      68 535
unbundling of FSR’s interest in MMI to ordinary shareholders

Additional award made on 8 October 2011 following the declaration of the special dividend on              18 201
12 September 2011

The restriction on the CSP was lifted on 17 September 2012.

Settlement will be effected as follows based on the closing price of FSR ordinary shares on 17 September 2012,
R25,50:

Settlement in cash based on 204 766 CSP’s                                                            R5 221 553

Delivery of 331 970 CSP’s                                                                            R8 465 235
The cash proceeds will be utilised by Mr Burger to settle the tax liability incurred on the dealings reporting in this
notice.

Sandton
18 September 2012

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

Date: 18/09/2012 05:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.