Firstrand - Dividend Declaration Of 37 Cents Per Variable Rate Non-Cumulative

Firstrand - Dividend Declaration Of 37 Cents Per Variable Rate Non-Cumulative   
            Non-Redeemable B1 Preference Share In Firstrand                     
FirstRand Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number: 1966/010753/06                                             
B1 Preference share code: FSPP     ISIN: ZAE000070900                           
("FirstRand")                                                                   
DIVIDEND DECLARATION OF 37 CENTS PER VARIABLE RATE NON-CUMULATIVE NON-REDEEMABLE
B1 PREFERENCE SHARE IN FIRSTRAND                                                
Shareholders are referred to the terms announcement released on SENS on 4 August
2005 regarding the private placement of 15 000 000 variable rate non-cumulative 
non-redeemable B preference shares which shall be designated as B1 preference   
shares ("B1 preference shares"). In this regard, shareholders are advised that, 
subject to the listing of the B1 preference shares on the JSE Limited on        
11 August 2005, the salient dates for the first dividend declaration in respect 
of the B1 preference shares in the amount of 37 cents per B1 preference share,  
will be as follows:                                                             
Finalisation date                                 Thursday, 11 August           
Last day to trade                                 Friday, 19 August             
Shares commence trading "ex" the B1 preference                                  
share dividend from the commencement of business  Monday, 22 August             
Record date                                       Friday, 26 August             
Payment date of the B1 preference share dividend  Monday, 29 August             
B1 preference share certificates may not be dematerialised or rematerialised    
between Monday, 22 August 2005 and Friday, 26 August, both days inclusive.      
In the event that there is a change to the prime rate between the B1 preference 
share dividend declaration date ("the dividend declaration date") and the B1    
preference share dividend payment date ("the dividend payment date"), the       
prevailing prime rate at the dividend declaration date will be applied from the 
dividend declaration date to the dividend payment date.                         
The effect of the aforementioned will be that the B1 preference share dividend  
will not be adjusted for any changes in the prime rate between the dividend     
declaration date and the dividend payment date.                                 
Sandton                                                                         
4 August 2005                                                                   
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 04/08/2005 10:30:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department