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SBK/LBH - Standard Bank/Liberty Holdings - Posting Of Section 440k(3)(A) Notices

Release Date: 31/07/2008 15:30
Code(s): LBH SBK
Wrap Text

SBK/LBH - Standard Bank/Liberty Holdings - Posting Of Section 440k(3)(A) Notices By Standard Bank To Ordinary Shareholders Of Liberty Holdings That Did Not Accept Standard Bank`s Offer Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa JSE share code: SBK NSX share code: SNB ISIN: ZAE000109815 ("Standard Bank") LIBERTY HOLDINGS LIMITED Registration No. 1968/002095/06 Incorporated in the Republic of South Africa JSE share code: LBH ISIN: ZAE000004032 ("Liberty Holdings") POSTING OF SECTION 440K(3)(a) NOTICES BY STANDARD BANK TO ORDINARY SHAREHOLDERS OF LIBERTY HOLDINGS THAT DID NOT ACCEPT STANDARD BANK`S OFFER 1. INTRODUCTION In terms of section 440K(3)(a) of the Companies Act (Act 61 of 1973), as amended ("the Act"), an offeror in an affected transaction is required within a month to give notice to the remaining offerees who have not accepted the offer, of the fact that it has become the beneficial shareholder of 90% or more of the shares of the offeree company, and that for a period of three months from the date of that notice, the remaining offerees have the right to require the offeror to purchase their shares which were the subject of the offer, on the same terms and conditions as prevailed under the offer. 2. NOTICE Standard Bank today posted the notices required to be given in terms of section 440K(3)(a) of the Act to the remaining Liberty Holdings ordinary shareholders who did not accept Standard Bank`s offer as detailed in the announcement published and circular posted on 26 June 2008 ("the offer") ("the remaining offerees"). The remaining offerees have consequently been given notice that, until the close of business on 31 October 2008, they may require Standard Bank to purchase their remaining Liberty Holdings ordinary shares which were the subject of the offer, on the same terms and conditions as the offer. Johannesburg 31 July 2008 Investment bank and sponsor to Standard Bank Standard Bank Joint financial adviser to Standard Bank Goldman Sachs International Independent sponsor to Standard Bank Deutsche Securities (SA) (Proprietary) Limited Legal advisers to Standard Bank Bowman Gilfillan Independent sponsor to Liberty Holdings Merrill Lynch South Africa (Proprietary) Limited Legal adviser to Liberty Holdings Werksmans Date: 31/07/2008 15:30:02 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.

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