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The Standard Bank Of South Africa Limited - Increase In Issue

Release Date: 25/10/2005 17:05
Code(s): SBK TOPSBR
Wrap Text

The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement In Relation To TOPSBR Put Warrant THE STANDARD BANK OF SOUTH AFRICA LIMITED Share Code: TOPSBR ISIN Code: ZAE000071882 INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO TOPSBR PUT WARRANT The JSE Issuer Services division has approved the increase in the issue size from 50 million to 100 million in respect of the TOPSBR PUT warrant with effect from the commencement of trade on Wednesday, 26 October 2005 due to the following reasons: The further issue represents only a small portion of the market capitalisation of the index. This is well below the limit set by the JSE. There is massive demand for the TOPSBR PUT warrant at present and we wish to match this demand in order to satisfy the market and fulfill our position as market maker. We need to increase the issue size in order to prevent the warrant from trading up above fair value and thereby jeopardising people who purchase the warrant at inflated levels. There are no changes to the terms and conditions of the warrant or to the underlying share. All documentation submitted for the initial listing of the warrant, dated 20 of September 2005 therefore remain relevant. The terms and conditions of the warrant are as follows: JSE Code TOPSBR Short Name SB TOP PR Long Name SB TOP 14400 PR 0007:1 MAR06 Underlying Share JSE Top40 Index Type European Put Expiration Date 16 March 2006 Strike Price 14,400 Cover Ratio 1400 Warrants exercisable into 1 Share For further information contact: Standard Bank Tel 0800 111 780 Email: derivatives@standardbank.co.za Sponsor: Standard Bank Date: 25/10/2005 05:05:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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