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FSR - FirstRand Limited - Dealings in securities by a director

Release Date: 05/10/2011 15:47
Code(s): FSR
Wrap Text

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): FST ("FirstRand") DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Johan Petrus Burger Company : FirstRand Limited Date of transaction : 4 October 2011 Nature of transaction : Off market exercise of Share Appreciation Right ("SAR") granted in terms of the
FirstRand Equity or Cash Settled Share Appreciation Right Scheme 2006. Class of securities : SAR in respect of ordinary shares Number of SARs exercised : 31840 Exercise price : R13,50 Periods of exercise and vesting : 1/3 on or after 3rd anniversary of grant date 1/3 on or after 4th anniversary of grant date Final 1/3 on or after 5th anniversary of grant date Value of exercise : R429 840 Director`s interest : Direct beneficial Clearance obtained : Yes The Share Appreciation Right grant, which totaled 800 000 share equivalent units, made to Mr Burger in 2006, reached its final compulsory date for take up and he was required to take delivery of the underlying FirstRand ordinary shares. The corporate performance target ("CPT") attached thereto was not met on the first and second vestings in 2009 and 2010 and these tranches were rolled forward and included with the third vesting. The CPT was partially met on the third vesting date, resulting in 3,98% of the total grant becoming exercisable. Accordingly, Mr Burger exercised his entitlement of 31 840 shares. Sandton 5 October 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 05/10/2011 15:47:03 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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