FST / FSRP / FSPP - FirstRand - Issue And Listing Of Additional

FST / FSRP / FSPP - FirstRand - 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                                                             
B Preference share code: FSRP & ISIN: ZAE000060141                              
B1 Preference share code: FSPP & ISIN: ZAE000070900                             
("FirstRand" or the "Company")                                                  
ISSUE AND LISTING OF ADDITIONAL ORDINARY SHARES                                 
Rand Merchant Bank is authorised to announce that FirstRand has issued a        
further 1,302,100 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 1,302,100 additional ordinary shares in the capital of           
FirstRand with effect from Wednesday, 28 November 2008.                         
These new FirstRand ordinary shares arise from the conversion of redeemable,    
convertible preference shares previously issued by the Company to selected      
staff members under the Out-performance scheme. Under the Scheme, incentive     
shares accrue to participants in terms of a formula based on the level of out-  
performance achieved by the FirstRand ordinary share price relative to the      
Fini 15 Index. This index forms part of the "FTSE-JSE Africa Index Series"      
administered by the JSE and is composed of the fifteen largest listed           
financial services organisations in South Africa. As such, the index reflects   
the share price performance of FirstRand`s peer group.                          
Financial Impact                                                                
Assuming that the additional ordinary shares been in issue for the full year    
ended 30 June 2007 (FirstRand`s latest financial reporting period) the impact   
of the conversion may be extrapolated as follows:                               
                             Before         After        % Change               
Headline earnings per share - 202.5          202.5        -0.0%                 
basic (cents)                                                                   
Net asset value per share     692.5          692.4        -0.0%                 
(cents)                                                                         
Sandton                                                                         
28 November 2007                                                                
Merchant bank and joint sponsor                                                 
Rand Merchant Bank (A division of FirstRand Bank Limited)                       
Date: 28/11/2007 12:25:27 Supplied by www.sharenet.co.za                     
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