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FSR/MET/ FirstRand / Metropolitan Holdings / Momentum Group - Further cautionary

Release Date: 17/05/2010 08:00
Code(s): FSR MET
Wrap Text

FSR/MET/ FirstRand / Metropolitan Holdings / Momentum Group - Further cautionary announcement FirstRand Limited (Registration number 1966/010753/06) Share code: FSR ISIN: 000066304 ("FirstRand") Metropolitan Holdings Limited (Registration number 2000/031756/06) Share code: MET ISIN: 000050456 ("Metropolitan") Momentum Group Limited (Registration number 1904/002186/06) ("Momentum") FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement released on SENS on 31 March 2010 and in the press on 1 April 2010 wherein shareholders of FirstRand and Metropolitan were advised that FirstRand, Metropolitan and Momentum have reached an agreement for the merger of Momentum and Metropolitan ("Proposed Merger"), which transaction may have a material effect on FirstRand and Metropolitan shares. The due diligence investigations and regulatory approval processes are still underway and shareholders are accordingly advised to continue to exercise caution when dealing in FirstRand and Metropolitan shares until further announcements in this regard are made. 17 May 2010 Merchant bank and sponsor to FirstRand and Momentum RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal Advisors to FirstRand and Momentum Webber Wentzel Actuaries to the Proposed Transaction Deloitte Metropolitan Financial Advisor and Joint Transaction Sponsor Fidelis Partners Metropolitan Joint Transaction Sponsor Merrill Lynch South Africa (Pty) Limited Legal Advisors to Metropolitan Edward Nathan Sonnenbergs FirstRand and Metropolitan Sponsor in Namibia Simonis Storm Securities Date: 17/05/2010 08:00:01 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. FSR MET FSR/MET/ FirstRand / Metropolitan Holdings / Momentum Group - Further cautionary announcement FirstRand Limited (Registration number 1966/010753/06) Share code: FSR ISIN: 000066304 ("FirstRand") Metropolitan Holdings Limited (Registration number 2000/031756/06) Share code: MET ISIN: 000050456 ("Metropolitan") Momentum Group Limited (Registration number 1904/002186/06) ("Momentum") FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement released on SENS on 31 March 2010 and in the press on 1 April 2010 wherein shareholders of FirstRand and Metropolitan were advised that FirstRand, Metropolitan and Momentum have reached an agreement for the merger of Momentum and Metropolitan ("Proposed Merger"), which transaction may have a material effect on FirstRand and Metropolitan shares. The due diligence investigations and regulatory approval processes are still underway and shareholders are accordingly advised to continue to exercise caution when dealing in FirstRand and Metropolitan shares until further announcements in this regard are made. 17 May 2010 Merchant bank and sponsor to FirstRand and Momentum RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal Advisors to FirstRand and Momentum Webber Wentzel Actuaries to the Proposed Transaction Deloitte Metropolitan Financial Advisor and Joint Transaction Sponsor Fidelis Partners Metropolitan Joint Transaction Sponsor Merrill Lynch South Africa (Pty) Limited Legal Advisors to Metropolitan Edward Nathan Sonnenbergs FirstRand and Metropolitan Sponsor in Namibia Simonis Storm Securities Date: 17/05/2010 08:00:01 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.

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