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FIRST EXPIRY ANNOUNCEMENT: MTNIHJ/ SOLIHJ/ VODIHA
INVESTEC BANK LIMITED
EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 19 MAY 2014
Share MTN GROUP LIMITED SASOL LIMITED
Strike Price R 129.00 R 308.00
Stop-Loss Level R 146.00 R 349.00
Expiry Date 23/05/2014 23/05/2014
Cover Ratio 1:1 1:1
Call/Put Call Call
Style American American
Issue Size 1,900,000 550,000
JSE Code MTNIHJ ZAE000178778 SOLIHJ ZAE000178794
Share VODACOM GROUP LIMITED
Strike price R 83.00
Stop- Loss Level R 94.00
Cover Ratio 1:1
Call/Put Call
Style American
Issue Size 700,000
JSE Code VODIHA ZAE000178802
Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 23 May 2014 (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, Friday, 19 May 2014. 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” Hot EDS, which will list on Friday, 19 May 2014). 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 .
12 May 2014
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)
Date: 12/05/2014 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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