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 Corporate Finance is authorised to announce that FirstRand   
has issued a further 812,442 ordinary shares as a result of a conversion of     
preference shares under the FirstRand Outperformance Share Incentive Scheme     
(the "Outperformance scheme" or the "Scheme").                                  
The JSE has granted a listing of the 812,442 additional ordinary shares in the  
capital of FirstRand with effect from Wednesday, 21 May, 2008.                  
Financial Impact                                                                
Assuming that the additional ordinary shares had been issued for the full six   
months ended 31 December 2007 (FirstRand`s latest financial reporting period)   
the impact of the conversion may be extrapolated as follows:                    
                                          Before    After  % Change             
Headline earnings per share - basic        110.1     110.1   -                  
(cents)                                                                         
Net asset value per share (cents)          703.2     703.1  -                   
Sandton                                                                         
21 May 2008                                                                     
Merchant bank and sponsor                                                       
Rand Merchant Bank (A division of FirstRand Bank Limited)                       
Date: 21/05/2008 10:31:01 Supplied by www.sharenet.co.za                     
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