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The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement

Release Date: 28/04/2006 15:27
Code(s): SBK TKGSBM
Wrap Text

The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement In Relation To TKGSBM Call Warrant THE STANDARD BANK OF SOUTH AFRICA LIMITED Share Code: TKGSBM ISIN Code: ZAE000078689 INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO TKGSBM CALL WARRANT Standard Bank advises potential buyers of the TKGSBM call warrant listed over Telkom SA Limited, that due to excessive demand for this security, Standard Bank has sold out its" initial allotment of warrants. Standard Bank is now bid only in this warrant and will remain so until such time as enough warrants are bought back to make a sufficient offer. Standard Bank advises that due to potential continued demand from the market, current holders may now offer their warrants at prices in excess of Standard Bank"s fair value calculation. This creates risk to new buyers, as they may be buying at inflated prices. Standard Bank will be bid in the market at all times, but due to the warrant being sold out, Standard Bank will not be able to hold the TKGSBM market at fair value, should new buyers be prepared to pay higher prices for the TKGSBM. Standard Bank has listed the TKGSBN call warrant, and suggests the TKGSBN be considered as the warrant option for all new trades. Standard Bank advises that the correct bid is available through our updated daily matrices on our website www.warrants.co.za at all times. Prospective buyers are advised to refer to the TKGSBM matrix before any new investment decision is made. The terms and conditions of the warrant are as follows: JSE Code TKGSBM Short Name SB TKG CM Long Name SB TKG R170 CM 30:1 AUG06 Underlying Share Telkom SA Limited Type American Call Expiration Date 3 Aug 2006 Strike Price 170.00 Cover Ratio 30 Warrants exercisable into 1 Share For further information contact: Standard Bank Tel 0800 111 780 Email: derivatives@standardbank.co.za Sponsor: Standard Bank Date: 28/04/2006 03:27:45 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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