FIRSTRAND LIMITED - BEE transaction progress and dealings in securities by directors

BEE transaction progress and dealings in securities by directors

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE Ordinary Share Code: FSR ISIN: ZAE000066304
JSE B Preference Share Code: FSRP ISIN: ZAE000060141
NSX Ordinary Share Code: FST
(FirstRand)

BEE TRANSACTION PROGRESS AND DEALINGS IN SECURITIES BY DIRECTORS

Shareholders are referred to the announcement released on SENS on 13
October 2014 and in the press on 14 October 2014 relating to the
specific repurchases of FirstRand ordinary shares (“shares”) arising
from the maturity of the staff and director components of
FirstRand’s 2005 Black Economic Empowerment (“BEE”) transaction.
Shareholders are advised that a total of 51 504 919 ordinary shares,
7 605 905 shares and 4 762 878 shares were repurchased at R48.92 per
share by FirstRand on 31 December 2014 from the FirstRand Black
Employee Trust (“FRBET”), the FirstRand Black Non-executive
Directors Trust (“FRBNEDT”) and the FirstRand Staff Assistance Trust
(“FRSAT”) (together referred to as “the trusts”) respectively.

The BEE participants in the FirstRand Empowerment Trust (“FRET”)
have agreed to hold their FirstRand shares until 31 December 2018 or
an earlier date should there be finalisation of legislation relating
to BEE ownership. In the meantime the FRET participants will have
the ability to dispose of a limited number of shares to settle
specific obligations.

The remaining shares held by the FRBET and FRBNEDT have been
distributed to the participants thereof (“the Trust Distributions”)
and the trusts have been wound up.

The FirstRand directors below have received shares through the Trust
Distributions however they are restricted from any trades until two
days after the Group announces its interim results on 10 March 2015.  

Director                      : Sizwe Errol Nxasana
Company                       : FirstRand Limited
Nature of transaction         : Off-market delivery of shares in
                                terms of the FRBET and FRBNEDT
Class of securities           : Ordinary shares
Date of transaction           : 31 December 2014
Number of shares              : 1 496 704 (FRBET: 710 605 and
                                FRBNEDT: 786 099)
Market value per share        : 50.14
Total value of transaction    : R75 044 739
Nature of interest            : Direct beneficial
Clearance obtained            : Approved by the board on
                                20 November 2014
Director                     : Hetash (Harry) Surendrakumar Kellan
Company                      : FirstRand Limited
Nature of transaction        : Off-market delivery of shares in
                               terms of the FRBET
Class of securities          : Ordinary shares
Date of transaction          : 31 December 2014
Number of shares             : 777 443
Market value per share       : 50.14
Total value of transaction   : R38 980 992  

Nature of interest           : Direct beneficial
Clearance obtained           : Approved by the board on
                               20 November 2014


Director                     : Grant Glenn Gelink
Company                      : FirstRand Limited
Nature of transaction        : Off-market delivery of shares in
                               terms of the FRBNEDT
Class of securities          : Ordinary shares
Date of transaction          : 31 December 2014
Number of shares             : 72 240
Market value per share       : 50.14
Total value of transaction   : R3 622 114
Nature of interest           : Direct beneficial
Clearance obtained           : Approved by the board on
                               20 November 2014


Director                     : Nolulamu Nobambiswano (Lulu) Gwagwa
Company                      : FirstRand Limited
Nature of transaction        : Off-market delivery of shares in
                               terms of the FRBNEDT
Class of securities          : Ordinary shares
Date of transaction          : 31 December 2014
Number of shares             : 785 729
Market value per share       : 50.14
Total value of transaction   : R39 396 452
Nature of interest           : Direct beneficial
Clearance obtained           : Approved by the board on
                               20 November 2014
Director                      : William Rodger (Roger) Jardine
Company                       : FirstRand Limited
Nature of transaction         : Off-market delivery of shares in
                                terms of the FRBNEDT
Class of securities           : Ordinary shares
Date of transaction           : 31 December 2014
Number of shares              : 785 729
Market value per share        : 50.14
Total value of transaction    : R39 396 452
Nature of interest            : Direct beneficial
Clearance obtained            : Approved by the board on
                                20 November 2014


Director                      : Ethel Matenge Sebesho
Company                       : FirstRand Limited
Nature of transaction         : Off-market delivery of shares in
                                terms of the FRBNEDT
Class of securities           : Ordinary shares
Date of transaction           : 31 December 2014
Number of shares              : 656 019
Market value per share        : 50.14
Total value of transaction    : R32 892 793
Nature of interest            : Direct beneficial
Clearance obtained            : Approved by the board on
                                20 November 2014


Director                      : Benedict James van der Ross
Company                       : FirstRand Limited
Nature of transaction         : Off-market delivery of shares in
                                terms of the FRBNEDT
Class of securities           : Ordinary shares
Date of transaction           : 31 December 2014
Number of shares              : 786 099
Market value per share        : 50.14
Total value of transaction    : R39 415 004
Nature of interest            : Direct beneficial
Clearance obtained            : Approved by the board on
                                20 November 2014


Sandton
31 December 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited

Date: 31/12/2014 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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