FSR - FirstRand Limited - Issue and Listing of Additional Ordinary Shares

    FSR - FirstRand Limited - Issue and Listing of Additional Ordinary Shares   
                                                                                
    FirstRand Limited                                                           
(Incorporated in the Republic of South Africa)                              
    Registration number: 1966/010753/06                                         
    JSE Share Code:  FSR      &     NSX Share Code: FST                         
    ISIN:  ZAE000066304                                                         
("FirstRand" or the "Company")                                              
                                                                                
    ISSUE AND LISTING OF ADDITIONAL ORDINARY SHARES                             
    Rand Merchant Bank is authorised to announce that FirstRand has issued a    
further 764,107 ordinary shares as a result of a conversion of preference   
    shares under the FirstRand Out-performance Share Incentive Scheme (the "Out-
    performance scheme" or the "Scheme").                                       
    The JSE Limited ("JSE") has granted a listing of the 764,107 additional     
ordinary shares in the capital of FirstRand with effect from Thursday, 12   
    April 2007.                                                                 
    Financial Impact                                                            
    Assuming that the additional ordinary shares had been issued for the full   
six months ended 31 December 2006 (FirstRand`s latest financial reporting   
    period) the impact of the conversion may be extrapolated as follows:        
                                            Before   After    %                 
                                                              Change            
Headline earnings per share - basic     88.1     88.1      -                
    (cents)                                                                     
    Net asset value per share (cents)       600.7    600.6    -                 
    Sandton                                                                     
11 April 2007                                                               
                                                                                
    Merchant bank and sponsor                                                   
    Rand Merchant Bank (A division of FirstRand Bank Limited)                   
Date: 11/04/2007 17:15:48 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.