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RMH/FSR - RMB Holdings Limited/FirstRand Limited - Purchase and sale of shares between directors and senior executives of the group RMB Holdings Limited (Incorporated in South Africa) (Registration number 1987/005115/06) (ISIN: ZAE000024501) Share Code (JSE): RMH ("RMBH") FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) (ISIN: ZAE000066304) Share Code (JSE): FSR Share Code (NSX): FSR ("FirstRand") PURCHASE AND SALE OF SHARES BETWEEN DIRECTORS AND SENIOR EXECUTIVES OF THE GROUP Rand Merchant Bank is authorised to announce that, in a private transaction, a group of senior executives in RMBH and FirstRand (collectively "the Group Executives") have agreed to purchase RMBH and FirstRand ordinary shares from a consortium of RMBH and FirstRand directors comprising Messrs GT Ferreira, LL Dippenaar and PK Harris (collectively the "Founders` Consortium"). The agreed transaction value amounts to R398,4 million, and was based on the 30- day volume weighted average prices ruling in middle October 2009 when discussions were initiated. In compliance with the JSE Limited Listing Requirements, the following information is disclosed: 1 Purchase of Ordinary Shares in: RMBH FirstRand
Number of shares bought by: SE Nxasana (FirstRand) - 3,7 million JP Burger (FirstRand) - 5,0 million Other FirstRand Group Executives - 14,1 million P Cooper (RMBH) 1,2 million - Total number of shares: 1,2 million 22,80 million Share Price: R26.84 R16.06 Value of transactions: R32,2 R366,2 million million 2 Sale of Ordinary Shares in: RMBH FirstRand
Approximate number of shares to be sold by: GT Ferreira 6,6 million - LL Dippenaar 6,6 million - PK Harris 1,6 million - Total 14,8 million - Share Price: R26.84 - Value of transaction: R398,4 - million It is anticipated that the transaction will be implemented during the first quarter of 2010. To the extent that there is an imbalance between the share counters being sold by the Founders` Consortium and that being acquired by the Group Executives, the Founders` Consortium will sell RMBH shares and acquire FirstRand shares in the market at that stage. The nature of the directors` interest that was bought and sold were all indirect beneficial. Clearance was obtained for all of the above transactions. Sandton 23 December 2009 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23/12/2009 08:55:01 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.
