FSR - FirstRand Limited - Dealings in securities by a director

FSR - FirstRand Limited - Dealings in securities by a director                  
FirstRand Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1966/010753/06)                                           
ISIN: ZAE000066304                                                              
Share Code: (JSE): FSR                                                          
Share Code: (NSX): FSR                                                          
("FSR")                                                                         
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director:                        Sizwe Errol Nxasana                            
Company:                         FirstRand Limited                              
                                                                                
Date of transaction:             15 April 2011                                  
Nature of transaction:           Off market exercise of option                  
Class of securities:             Option in respect of FSR ordinary              
                                shares                                          
Number of options exercised:     2 000 000                                      
Option strike price:             1 329 cents                                    
Total value of transaction:      R26 580 000                                    
                                                                                
Date of transaction:             15 April 2011                                  
Nature of transaction:           On market sale of shares                       
Class of securities:             Ordinary shares                                
Number of shares sold:           1 175 999                                      
Selling price:                   1 945,38 cents per share                       
Total value of transaction:      R22 877 649.35                                 
                                                                                
Date of transaction:             15 April 2011                                  
Nature of transaction:           Off market purchase of shares                  
Class of securities:             Ordinary shares                                
Number of shares purchased:      2 877 698                                      
Purchase price:                  1 994 cents per share                          
Total value of transaction:      R57 381 295                                    


Nature of interests:             Direct beneficial                              
Clearance obtained:              Yes                                            
The option, issued by the FirstRand Share Trust, had reached its final          
compulsory date for takeup and Mr. Nxasana was required to exercise and take    
delivery of the underlying FirstRand ordinary shares. In two separate           
transactions Mr Nxasana sold FirstRand ordinary shares following the exercise of
his option and bought FirstRand ordinary shares.  He applied part of the        
proceeds of the sale to increase his participation in the private transaction   
between the FirstRand and RMBH Founders and a group of FirstRand executives     
(which was announced on SENS on 7 February 2011).                               
Place                         Sandton                                           
Date                          19 April 2011                                     
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 19/04/2011 15:38:01 Supplied by www.sharenet.co.za                     
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