for the year ended 30 June 2009

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Restated in accordance with IAS 1

Foreign currency translation reserve
The translation reserve comprises all foreign exchange differences arising from the translation of the fi nancial statements of foreign operations as well as from the translation of liabilities that hedge the Bank’s net investment in foreign operations.

Available-for-sale reserve
The fair value reserve includes the cumulative net change in the fair value of available-for-sale investments until the investment is derecognised or impaired.

Regulatory general credit-risk reserve
In terms of the new Banking Regulations, effective 1 January 2008, general credit-risk reserves are no longer required and the balance as at 30 June 2009 has been transferred to distributable reserves.

Property revaluation reserve
This reserve arises on the revaluation of investment property net of taxes.

Share-based payment reserve
This represents the fair value of equity-settled options granted in terms of the Group’s share-based compensation plans.

Dividends
The following dividends were declared by the Group relating to profi t for the year under review: 220 cents per ordinary share (2008: 228 cents) 1 072 cents per preference share (2008: 1 068 cents)

On 9 April 2009, a cash dividend of 71 cents with a scrip dividend alternative was recorded in the Company’s books. The scrip dividend was determined by multiplying the number of ordinary shares held by 71 cents and then dividing by the issue price. On 30 April 2009, an amount of 600 529 ordinary shares were taken up at a share price of R24,60 (par value R0,01 and share premium R24,59).

After 30 June 2009, the following dividends were proposed by the directors in respect of 2009. The dividends have not been provided for and will attract Secondary Tax on Companies at 10% when paid:

149 cents per ordinary share (2008: 144 cents)
488,12 cents per preference share (2008: 551,71 cents)