FSR - FirstRand Limited - Further trading statement-impact of unbundling of

FSR - FirstRand Limited - Further trading statement-impact of unbundling of     
Momentum Group Limited ("Momentum Group") in terms of IFRIC 17                  
FirstRand Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration No:  1966/010753/06)                                              
ISIN: ZAE 000066304                                                             
JSE Code:  FSR                                                                  
NSX share code: FST                                                             
("FirstRand" or "the Group")                                                    
FURTHER TRADING STATEMENT-IMPACT OF UNBUNDLING OF MOMENTUM GROUP LIMITED        
("MOMENTUM GROUP") IN TERMS OF IFRIC 17                                         
With reference to the SENS announcement released on 3 December 2010, as a       
result of the unbundling of the Momentum Group, which was effective 30          
November 2010, a significant non-recurring gain arose as a dividend in specie   
to FirstRand shareholders at fair value in terms of IFRIC 17 Distributions of   
Non-Cash Assets to Owners.                                                      
This gain impacts basic earnings per share, and in accordance with the Listing  
Requirements of the JSE Limited, shareholders are advised that basic earnings   
per share ("EPS") for the six months ended 31 December 2010 will increase by    
between 260% and 270% from the EPS of the previous corresponding reporting      
period.                                                                         
This gain did not arise from the performance of the Group`s continuing          
operations, but from the unbundling of Momentum and therefore does not impact   
either headline or normalised earnings.                                         
The interim results for the six months ended 31 December 2010 will be released  
on SENS on or about 8 March 2011. The forecast financial information on which   
this trading statement is based has not been reviewed and reported on by the    
Group`s external auditors.                                                      
Sandton                                                                         
2 March 2011                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 02/03/2011 08:00:01 Supplied by www.sharenet.co.za                     
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