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2.6.5 Rights Issues of other securities: If and whenever the Company shall issue anysecurities (other than Ordinary Shares or options, warrants or other rights to subscribe foror purchase or otherwise acquire any Ordinary Shares) to Shareholders as a class by wayof rights or grant to Shareholders as a class by way of rights, options, warrants or otherrights to subscribe for or purchase or otherwise acquire any securities (other than OrdinaryShares or options, warrants or other rights to subscribe for or purchase or otherwiseacquire any Ordinary Shares), the Conversion Price shall be adjusted by multiplying theConversion Price in force immediately prior to such issue or grant by the following fraction:where:ABA – B––––––Ais the Current Market Price per Ordinary Share on the Business Day immediatelypreceding the date on which the terms of such issue or grant are publicly announced;andis the Fair Market Value on the date of such announcement of the portion of the rightsattributable to 1 (one) Ordinary Share.Such adjustment shall become effective on the first date on which the Ordinary Shares aretraded ex-rights, ex-options or ex-warrants on the JSE.2.6.6 Issues at less than Current Market Price: If and whenever the Company shall issue(otherwise than as mentioned in paragraph 2.6.4) wholly for cash any Ordinary Shares(other than Ordinary Shares issued on the exercise of Conversion Rights or on the exerciseof any other rights of conversion into, or exchange or subscription for or purchase of,Ordinary Shares or Ordinary Shares issued pursuant to the Company’s dividendreinvestment programme outlined in the circular to Shareholders dated 16 February 2004,or any substantially similar dividend reinvestment programme resulting in Ordinary Sharesbeing issued at a discount of not more than 5% (five percent) to the Current Market PricePer Ordinary Share 15 Business Days before the record date to receive the cash dividend),or grant (otherwise than as mentioned in paragraph 2.6.4) wholly for cash or for noconsideration any options, warrants or other rights to subscribe for or purchase orotherwise acquire any Ordinary Shares, in each case at a price per Ordinary Share whichis less than 95% (ninety-five percent) of the Current Market Price Per Ordinary Share on theBusiness Day immediately preceding the date of announcement of the terms of such issueor grant, the Conversion Price shall be adjusted by multiplying the Conversion Price inforce immediately prior to such issue by the following fraction:where:A + B–––––––A + CA is the number of Ordinary Shares in issue immediately before the issue of suchOrdinary Shares or the grant of such options, warrants or rights;Bis the number of Ordinary Shares which the aggregate consideration (if any) receivablefor the issue of such Ordinary Shares or, as the case may be, for the Ordinary Sharesto be issued or otherwise made available upon the exercise of any such options,warrants or rights would purchase at such Current Market Price Per Ordinary Share;andC is the maximum number of Ordinary Shares to be issued pursuant to such issue ofsuch additional Ordinary Shares or upon exercise of such options, warrants or rights.Such adjustment shall become effective on the date of issue of such additional OrdinaryShares or, as the case may be, the grant of such options, warrants or rights.2.6.7 Other Issues at less than Current Market Price: If and whenever the Company or anySubsidiary of the Company or (at the direction or request of or pursuant to anyarrangements with the Company or any Subsidiary of the Company) any other company,45