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GEN - General - Early release of Firstrand`s Interim Results

Release Date: 05/07/2011 08:30
Code(s): JSE
Wrap Text

GEN - General - Early release of Firstrand`s Interim Results 5 July 2011 EARLY RELEASE OF FIRSTRAND`S INTERIM RESULTS The JSE Limited ("JSE") confirms that FirstRand Limited`s ("FirstRand") investigation into the early release of its interim results has identified an unintentional breach of paragraph 3.5. of the JSE`s Listings Requirements. This paragraph stipulates that price sensitive information may not be released to any third party (except in the case of a printer with whom there is a confidentiality agreement in place) prior to its release on SENS. The JSE has decided not to impose a further penalty on FirstRand after considering the following: - the mitigation implemented by FirstRand to prevent or minimise any potential undesirable effects; - the public censure that has already occurred - that the FirstRand results were in line with the trading update published on 2 March 2011. - that the results had very little impact on the volumes and value traded after their release; and - the immediate notification of the JSE by FirstRand once it was discovered that the breach had occurred. In the light of recent events, the JSE has also decided to provide guidance to the market on this issue which guidance is available on the JSE`s website www.jse.co.za. Date: 05/07/2011 08:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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