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Standard Bank - Adjustments to the terms and conditions of the Standard Bank

Release Date: 03/07/2006 14:40
Code(s): SBK TKGSBMTKGSBNTKGSBATKGSBV
Wrap Text

Standard Bank - Adjustments to the terms and conditions of the Standard Bank    
                Telkom Group Limited Warrant                                    
The Standard Bank of South Africa Limited                                       
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE STANDARD BANK TELKOM GROUP       
LIMITED WARRANT                                                                 
Prior Terms                                                                     
JSE Code  Exercise    Conversion     Expiry       Exercise       ISIN CODES     
Price       Ratio                       Style                         
TKGSBA    R137.50     35 for 1       9 Nov 2006   American Call  ZAE000081394   
TKGSBM    R170.00     30 for 1       3 Aug 2006   American Call  ZAE000078689   
TKGSBN    R160.00     30 for 1       3 Oct 2006   American Call  ZAE000080149   
TKGSBV    R145.00     35 for 1       3 Aug 2006   European Put   ZAE000078564   
Following the Telkom Group Limited ("TKG") announcement of a 400c special       
dividend of TKG, the Issuer will amend the Terms and Conditions in the following
way to ensure that the financial position of the warrant holder is unprejudiced.
New Terms                                                                       
JSE Code  Exercise    Conversion     Expiry       Exercise       ISIN CODES     
          Price       Ratio                       Style                         
TKGSBA    R133.17     33.90 for 1    9 Nov 2006   American Call  ZAE000081394   
TKGSBM    R164.65     29.06 for 1    3 Aug 2006   American Call  ZAE000078689   
TKGSBN    R154.96     29.06 for 1    3 Oct 2006   American Call  ZAE000080149   
TKGSBV    R140.43     33.90 for 1    3 Aug 2006   European Put   ZAE000078564   
The Issuer services division of the JSE Limited has approved the adjustment of  
the above-mentioned warrants, and the adjustments will be effective from 3 July 
2006.                                                                           
3 July 2006                                                                     
Date: 03/07/2006 02:40:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department

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