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FSR/MET - FirstRand/Metropolitan - Renewal of cautionary announcement

Release Date: 02/08/2010 17:27
Code(s): FSR MET
Wrap Text

FSR/MET - FirstRand/Metropolitan - Renewal of cautionary announcement FirstRand Limited (Registration number 1966/010753/06) Share code: FSR & ISIN: ZAE000066304 ("FirstRand") Metropolitan Holdings Limited (Registration number 2000/031756/06) Share code: MET & ISIN: ZAE000050456 ("Metropolitan") Momentum Group Limited (Registration number 1904/002186/06) ("Momentum") RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the joint cautionary announcements released on SENS on 31 March 2010, 17 May 2010 and 15 June 2010 regarding the proposed merger of Metropolitan and Momentum, shareholders of FirstRand and Metropolitan are advised that discussions relating to the merger have not yet been finalised. Shareholders are accordingly advised to continue exercising caution when dealing in FirstRand and Metropolitan shares until a further announcement is made. 2 August 2010 Merchant bank to FirstRand and Momentum and sponsor to FirstRand RAND MERCHANT BANK (A division of FirstRand Bank Limited) Transaction Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Legal Advisors to FirstRand and Momentum Webber Wentzel Actuaries to the Proposed Transaction Deloitte Metropolitan Financial Advisor and Joint Transaction Sponsor Fidelis Partners Limited 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: 02/08/2010 17:27:02 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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