Firstrand Limited - Announcement

Firstrand Limited - Announcement                                                
FIRSTRAND LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1966/010753/06)                                            
(Share code: FSR)                                                               
(ISIN: ZAE000066304)                                                            
ANNOUNCEMENT                                                                    
First National Bank ("FNB"), a division of FirstRand Bank Limited, a wholly     
owned subsidiary of FirstRand Limited, today announced that it will refund those
ex-Saambou customers who were over charged interest on their home loans prior to
the acquisition of the Saambou home loans book by FNB in 2002.                  
FNB will pay out a total of R154 million to the 50,000 ex-Saambou customers     
affected.                                                                       
This pay-out will have no impact on the FirstRand Limited financial results for 
the year-ended 30 June 2006 as it has been covered in terms of warranties put in
place when the transaction was completed.                                       
A detailed media statement from FNB can be viewed on the FirstRand Limited      
website www.firstrand.co.za                                                     
Sandton                                                                         
19 June 2006                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 19/06/2006 09:45:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department