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The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement

Release Date: 07/12/2005 15:23
 
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The Standard Bank Of South Africa Limited - Increase In Issue Size Announcement In Relation To ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK Call Warrants SB: The Standard Bank Of South Africa Limited -Increase in issue size announcement in relation to the ANGSBN, GFISBF, HARSBF Call warrants JSE THE STANDARD BANK OF SOUTH AFRICA LIMITED Share Code: ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK ISIN Code: ZAE000071973, ZAE000070744, ZAE000072021, ZAE000072484, ZAE000073102 INCREASE IN ISSUE SIZE ANNOUNCEMENT IN RELATION TO ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK CALL WARRANTS The JSE Listings division has approved the increase in the issue size from 20 million to 100 million in respect of the ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK call warrants with effect from the commencement of trade on Wed, 7 December 2005 due to the following reasons: The further issue represents only a small portion of the market capitalisation of the company. This is well below the limit set by the JSE. There is massive demand for the ANGSBN, TKGSBK, HARSBF, MLASBC, MTNSBK CALL WARRANTS at present and we wish to match this demand in order to satisfy the market and fulfill our position as market maker. We need to increase the issue size in order to prevent the warrant from trading up above fair value and thereby jeopardising people who purchase the warrant at inflated levels. There are no changes to the terms and conditions of the warrant or to the underlying share. All documentation submitted for the initial listing of the warrants therefore remain relevant. The terms and conditions of the warrant are as follows: JSE Code ANGSBN Short Name SB ANG CN Long Name SB ANG R300 CN 75:1 APR06 Underlying Share Anglogold Ashanti Ltd Type American Call Expiration Date 06 April 2006 Strike Price R300.00 Cover Ratio 75 Warrants exercisable into 1 Share JSE Code TKGSBK Short Name SB TKG CK Long Name SB TKG R135 CK 35:1 FEB06 Underlying Share Telkom Group Ltd Type American Call Expiration Date 02 February 2006 Strike Price R135.00 Cover Ratio 35 Warrants exercisable into 1 Share JSE Code HARSBF Short Name SB HAR CF
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