Sharenet Sites 
Sharenet Sites
GEN - FTSE/JSE Africa Index Series - FTSE Ground Rules - Mandatory Offers FTSE Ground Rules - Mandatory Offers FTSE/JSE Africa Index Series 9 November 2011 In order to provide further clarity on the treatment of Mandatory Offers, please note: A mandatory offer is a type of corporate action where a percentage of shares are expropriated from all shareholders at a pre-determined price on a given date. Mandatory offers are unique since the capital structure of the company remains unchanged, yet the tracker of a share portfolio will make a profit/loss, depending on the pre-determined expropriation price as compared to the market price. A mandatory offer is implemented as part of a scheme of arrangement. At least 75% of shareholders must agree to this at a shareholders meeting. This fixed price is normally different to the market price at the time of implementation. FTSE/JSE will adjust for mandatory offers according to the formula below: * the expected opening share price on the ex date will be: Expected Open = (Closing Price - (Offer percentage * Offer Price) ) / (1 - Offer Percentage) * the price adjustment will be Expected Open - Closing price For further information or general enquiries please contact us at info@ftse.com or indices@jse.co.za or call: Client Services in UK: Tel: +44 (0) 20 7866 1810 Client Services in Europe, Middle East & Africa: Tel: +44 (0) 20 7866 1810 Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 314 1139 Client Services in Asia Pacific: Tel: +852 2164 3333 or +65 6223 3738 or +81 3 3581 2811 JSE Limited: Tel: (+27 11) 520 7106 or + (+27 11) 520 7137 Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za Terms of Use | Copyright Copyright FTSE Date: 10/11/2011 07:05:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
