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FIRSTRAND LIMITED - Dividend declaration of 341.10690 cents per variable rate non-cumulative, non-redeemable B preference share

Release Date: 24/07/2014 11:12
Code(s): FSR FSRP     PDF:  
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Dividend declaration of 341.10690 cents per variable rate non-cumulative, non-redeemable B preference share

FirstRand Limited
(Incorporated in the Republic of South Africa)
Registration number: 1966/010753/06
B Preference share code: FSRP ISIN: ZAE000060141
Ordinary share code: FSR ISIN: ZAE000066304
Income tax number: 9150201714
(FirstRand or the Group)

DIVIDEND DECLARATION OF 341.10690 CENTS PER VARIABLE RATE NON-
CUMULATIVE, NON-REDEEMABLE FIRSTRAND B PREFERENCE SHARE

Shareholders are advised that the salient dates for the twentieth
dividend declaration on the variable rate non-cumulative, non-
redeemable B preference shares in FirstRand (B preference shares)
for the period from 25 February 2014 to 25 August 2014 both days
inclusive, in the gross amount of 341.10690 cents per B preference
share, will be as follows:

Last day to trade                           Friday, 15 August 2014
Shares commence trading ex the B
preference share dividend from the
commencement of business on                 Monday, 18 August 2014
Record date                                 Friday, 22 August 2014
Payment date of the B preference share
dividend                                    Monday, 25 August 2014

B preference share certificates may not be dematerialised or
rematerialised between Monday, 18 August 2014 and Friday, 22 August
2014, both days inclusive.

In the event that there is a change to the prime rate between the B
preference share dividend declaration date (the dividend declaration
date) and the B preference share dividend payment date (the dividend
payment date), the prevailing prime rate at the dividend declaration
date will be applied from the dividend declaration date to the
dividend payment date.

The Group has utilized secondary tax on companies’ credits amounting
to 188.91869 cents per B Preference share, the total being
R85 013 409.94.    As a consequence, dividends tax amounting to
22.82823   cents   per  B   Preference   share,  the   total   being
R10 272 703.50   will be deducted from this preference dividend for
all B preference shareholders who are subject to dividends
withholding tax. The net dividend will therefore be 318.27867 cents
per B Preference share.

The issued share capital at the declaration date is 5 637 941 689
ordinary shares of one cent each and 45 000 000 B preference shares
of one cent each.

Sandton
24 July 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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