INVESTEC BANK LIMITED - Expiry Announcement - BVTIHA, CFRIHD and SHFIHA

Expiry Announcement - BVTIHA, CFRIHD and SHFIHA

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 16 OCTOBER 2015


                                                                               COMPAGNIE FINACIARE RICHEMONT
Share                                  The Bidvest Group Limited
                                                                               SA

Strike Price                           R209.00                                 R69.00
Stop-Loss Level                        R237.00                                 R78.00
Expiry Date                            23/10/2015                              16/10/2015
Cover Ratio                            1:1                                     1:1
Call/Put                               Call                                    Call
Style                                  American                                American
Issue Size                             270 000                                 1 600 000
JSE Code                               BVTIHA                                  CFRIHD
ISIN Code                              ZAE000197372                            ZAE000196978


                                       Steinhoff International Holdings
Share
                                       Limited
Strike price                           R39.00
Stop- Loss Level                       R44.00

Expiry Date                            23/10/2015

Cover Ratio                            1:1
Call/Put                               Call
Style                                  American
Issue Size                             3 300 000
JSE Code                               SHFIHA
ISIN Code                              ZAE000197380



Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry of CFRIHD on 16 October 2015 and BVTIHA and SHFIHA on 23
October 2015 (see the related securities above).

1.             Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
               underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.

2.             Should holders choose to expire the “Existing” HotEDS they should notify the Investec Equity Derivatives
               Desk before 12:00 hours, Wednesday, 14 October 2015 for CFRIHD and Wednesday, 21 October 2015
               for both BVTIHA and SHFIHA. The “Existing” HotEDS will expire at full intrinsic value on the respective
               expiry date. A cash settlement amount representing the number of HotEDS held on that date multiplied by
               the excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying
               Parcel over the two Business Days following the Expiry Date, over the Exercise Price (Strike Price) will
               automatically accrue to the holder via instruction through STRATE.

3.             Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
               Hot EDS and sell the “New” Hot EDS. (The “New” CFR and SHF Hot EDS, which will list on Wednesday, 7
               October 2015 and The “New” BVT Hot EDS, which will list on Monday, 19 October 2015). This will be done
               on an optimal ratio basis, a cash distribution of any difference between the intrinsic value inherent to the
               “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.

Please be advised that should Investec not receive any instruction from holders with regard to the Expiry, the “Existing”
HotEDS will expire at full intrinsic value on the respective Expiry Date. A cash settlement amount representing the
number of HotEDS held on that date multiplied by the excess of the simple average of the Volume Weighted Average
Price (“VWAP”) of the Underlying Parcel over the two Business Days following the Expiry Date, over the Exercise Price
(Strike Price) will automatically accrue to the holder via instruction through STRATE.

07 October 2015

Copies of the offering circular may be obtained from:
Investec Bank Limited
100 Grayston Drive
Sandown
Sandton
2196
For further information contact:
Investec Warrants
Tel.: 011 286-4672
E-mail: warrants@investec.co.za
Internet: www.investec.com

Sponsor
Investec Securities (Pty) Ltd
Member of the JSE
Registration number. 1972/008905/07)

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