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NEWGBP - GBP Notes - Initial Offer for Newwave Pound Sterling Exchange Traded

Release Date: 20/02/2012 09:55
Code(s): JSE
Wrap Text

NEWGBP - GBP Notes - Initial Offer for Newwave Pound Sterling Exchange Traded Notes NEWWAVE POUND STERLING DOLLAR EXCHANGE TRADED NOTES ("GBP Notes" or the "ETNs") ABBREVIATED NAME: NEWWVEGBP SHARE CODE: NEWGBP ISIN: ZAE000162558 INITIAL OFFER FOR NEWWAVE POUND STERLING EXCHANGE TRADED NOTES This announcement is issued in compliance with section 19.60 of the JSE Listings Requirements for information purposes only. The information set out below has been extracted from the NewWave Pricing Supplement applicable to GBP Notes ("Applicable Pricing Supplement"), as read with the NewWave Currency Notes Product Supplement and the NewWave Programme Memorandum (all dated 20 February 2012) (collectively, the "offering documents"), which are available as set out below. The Notes will be offered and issued to the public pursuant to the offer, the specific terms and conditions of which are set out in the Applicable Pricing Supplement. Subject to the approval of the JSE Limited ("JSE") and applications being received for a minimum of 1 million GBP Notes, the GBP Notes are intended to be listed on the main board of the JSE in the JSE`s ETN sub-sector, with effect from Monday, 12 March 2012. DESCRIPTION OF GBP NOTES The GBP Notes comprise Pound Sterling-denominated unsecured, redeemable notes which are designed to provide both retail and institutional investors with exposure to the Pound Sterling. The GBP Notes will pay interest semi-annually and on redemption and maturity will pay the Redemption Value including any accrued and unpaid interest. Minimum subscriptions ZAR1,000 Initial Issue Price The ZAR equivalent on the Initial Valuation Date of GBP 1.00 Interest Rate GBP Overnight LIBOR minus the Interest Rate Spread
Interest Rate Spread At the date of listing, 20 basis points Interest Payment 28 February and 31 August Dates Initial Issue Date 12 March 2012 Maturity Date On or about 12 March 2042 2. SALIENT DATES AND TIMES OF INITIAL OFFER AND FURTHER ANNOUNCEMENT The salient dates and times of the Offer are set out below: Opening date of Offer 20 February 2012 Closing date of Offer 27 February 2012* Initial Valuation Date 2 March 2012 Publication on SENS 5 March 2012 of results of Offer, including Initial Issue Price Issue Date 12 March 2012 *The Offer Period may be extended by notice on SENS. Investors must advise their Central Securities Depository Participant ("CSDP") or broker of their acceptance of the Offer in the manner and by the cut-off time stipulated by their CSDP or broker. AVAILABILITY OF DOCUMENTATION Copies of the offering documents, and application form in English, may be obtained during normal business hours from Absa Capital, Investments team, 15 Alice Lane, Sandton (+27 11 895 5517) or on the website (www.absacapitaletfs.com). Sandton 20 February 2012 Originator, corporate advisor and sponsor Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays Capital) Legal and tax advisors Edward Nathan Sonnenbergs Inc. Date: 20/02/2012 09:55:02 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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