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): FST                                                          
("FirstRand")                                                                   
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Director                       :  Deepak Premnarayen                            
                                                                                
Company                        :  FirstRand Limited                             
                                                                                
Date of transaction            :  30 November 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 2008.                
                                                                                
Class of securities            :  SAR in respect of ordinary shares             


Number of SARs exercised          768 192                                       
                                                                                
Exercise price                 :  R10,48                                        


Periods of exercise and        :  1/3 on or after 3rd anniversary of grant      
vesting                           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              :  R8 050 652.16                                 
                                                                                
Director`s interest            :  Direct beneficial                             
                                                                                
Clearance obtained             :  Yes                                           
                                                                                
The Share Appreciation Right grant, which totalled 2 304 577 share equivalent   
units, made to Mr Premnarayen in 2008, reached its first vesting date for take  
up and he was entitled to take delivery of the first 3rd of the underlying      
FirstRand ordinary  shares.                                                     
The corporate performance target ("CPT") attached thereto was met on the first  
vesting in 2011.                                                                
Accordingly, Mr Premnarayen exercised his entitlement of the first third being  
768 192 shares.                                                                 
Sandton                                                                         
2 December 2011                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 02/12/2011 12:57:01 Supplied by www.sharenet.co.za                     
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