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SCIB - Standard Bank - Adjustments To The Terms And Conditions Of The Firstrand Ltd Warrants NOTICE OF ADJUSTMENT The Standard Bank of South Africa Limited ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE FIRSTRAND LTD WARRANTS Following the Firstrand Limited ("FSR") announcement of the unbundling of Discovery Holdings LTD ("DSY"), notice is hereby given to warrantholders of FSR warrants that the Issuer will amend the terms and conditions of the warrants as indicated below, to place the warrantholder in the same financial position they were prior to the unbundling. Existing Terms JSE Exercise Price Conversion Expiry Exercise ISIN CODES Code Ratio Style FSRSBD R24.00 7 for 1 14 Dec 2007 American ZAE000099701 Call FSRSBE R23.50 7 for 1 3 Apr 2007 American ZAE000104907 Call FSRSBQ R22.00 5 for 1 6 Mar 2007 European Put ZAE000104220 New Terms JSE Exercis Conversion Expiry Exercise ISIN CODES Code e Price Ratio Style FSRSBD R22.44 6.54 for 1 14 Dec 2007 American ZAE000099701 Call FSRSBE R21.97 6.54 for 1 3 Apr 2007 American ZAE000104907 Call FSRSBQ R20.57 4.67 for 1 6 Mar 2007 European Put ZAE000104220 The JSE Limited Issuer Services Division has approved the adjustment of the above-mentioned warrants, and the Effective Date of the adjustment will be 19 November 2007. This Notice together with the Common Terms Document, Conditions Annexure and the relevant Supplements record the terms and conditions of the agreement between the Parties. Any terms used in this Notice which are defined in the Common Terms Document and Conditions Annexure shall bear the meaning ascribed to them therein, unless specifically stated otherwise herein. Other than as set out herein, the terms and conditions set out in the Common Terms Document, Conditions Annexure and relevant Supplements remain unchanged and in full force and effect. Copies of the warrant issue documentation may be obtained from: The Standard Bank Of South Africa Limited. (Registration Number 1962/000738/06) 3 Simmonds Street Johannesburg 2001 For further information contact : Standard Bank Warrants Tel 0800 111 780 e-mail: derivatives@standardbank.co.za Sponsor : Standard Financial Markets (Pty) Ltd (Registration Number: 1972/008305/07) An authorised user of the JSE Limited Date: 19/11/2007 09:06:08 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
