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FSR/ MET - FirstRand/ Metropolitan /Momentum - Metropolitan and Momentum merger:

Release Date: 01/11/2010 07:05
Code(s): FSR MET
Wrap Text

FSR/ MET - FirstRand/ Metropolitan /Momentum - Metropolitan and Momentum merger: extension of date for fulfilment of conditions precedent FirstRand Limited (Incorporated in the Republic of South Africa) (Registration number 1966/010753/06) Share code: FSR ISIN: ZAE000066304 ("FirstRand") Metropolitan Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2000/031756/06) Share code: MET ISIN: ZAE000050456 ("Metropolitan") Momentum Group Limited (Incorporated in the Republic of South Africa) (Registration number 1904/002186/06) ("Momentum") Metropolitan and Momentum merger: extension of date for fulfilment of conditions precedent Shareholders of FirstRand and Metropolitan are referred to the announcement released on SENS on 28 September 2010 wherein shareholders were advised that all the resolutions required to implement the merger of Metropolitan and Momentum (the "Merger") and the subsequent unbundling by FirstRand of its entire holding of shares in Metropolitan (the "Unbundling") had been approved by Metropolitan and FirstRand shareholders, respectively. The Merger and the Unbundling are collectively hereinafter referred to as the "Transaction". Shareholders of FirstRand and Metropolitan are advised that certain procedural conditions precedent have not yet been fulfilled as some outstanding regulatory matters must still be finalised. Accordingly, FirstRand, Metropolitan and Momentum have agreed to extend the date for the fulfilment of the conditions precedent to 30 November 2010, whereafter a further announcement will be released. 01 November 2010 Merchant bank and sponsor to FirstRand and merchant bank to Momentum RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal advisors to FirstRand and Momentum Webber Wentzel Independent sponsor to FirstRand PricewaterhouseCoopers Corporate Finance Financial advisors to Metropolitan JP Morgan Chase Bank Fidelis Partners Sponsor to Metropolitan Merrill Lynch South Africa (Pty) Limited Legal advisors to Metropolitan Edward Nathan Sonnenbergs Sponsor in Namibia to FirstRand and Metropolitan Simonis Storm Securities (Pty) Limited Date: 01/11/2010 07:05:06 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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