INVESTEC BANK LIMITED - Announcement to warrant holders of their new positions of HOTED'S which expired.

Announcement to warrant holders of their new positions of  HOTED'S which expired.

INVESTEC BANK LIMITED

ANNOUNCEMENT TO WARRANT HOLDERS OF THEIR NEW POSITIONS OF THE HOT ENHANCED
DIVIDEND SECURITIES WHICH EXPIRED

     Share            Old Position     Old Price         Old      New Position    Price       New        Conversion    Cash per
                                                        Strike                               Strike         Ratio        ratio
                                                                                                         (Old : New)
British American       BTIIHE           R419.95    R506.00       BTIIHF          R259.14    R718.00    1:1.62055          0
Tobacco PLC         ZAE000207221                                 ZAE000221834




Naspers Limited       NPNIHD            R872.00    R1273.0       NPNIHE          R588.97   R1650.00    1:1.48055          0
                    ZAE000207239                   0             ZAE000221842




                      REMIHK                                       REMIHL                   R187.00                      0
Remgro Limited                           R59.71                                                         1:0.81216
                    ZAE000207247                   R188.00       ZAE000221859
                                                                                 R73.52



Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (Hot EDS), would like to inform
warrant holders who rolled their Hot EDS into the “New” series of Hot EDS of the positions in which their securities
closed out on Friday, 08 July 2016 and to inform warrant holders of their new positions.

This has been done on an optimal-ratio basis, with cash distribution equal to the difference between the intrinsic
value inherent to the “Expired” Hot EDS multiplied by the position held on expiry and “New” Hot EDS multiplied by
the new position held.

11 July 2016

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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