INVESTEC BANK LIMITED - Issue of equity structured products (ESP)

Issue of equity structured products (ESP)

 INVESTEC BANK LIMITED

 ISSUE OF EQUITY STRUCTURED PRODUCTS (ESP)

 Investec Equity Structured Products (ESPIBL): Commencement Date: 23 December 2016



 Reference Index                    FTSE/JSE Top 40 Index



 Strike Price                       44,693.72

 Expiry Date                        25 May 2018

 Cover Ratio                        1:1

 Call/Put                           Put

 Initial Issue Size                 4,727

 Adjusted Issue Size                3,366

 JSE Code                           ESPIBL ZAE000199311



Holders of the ESPIBL are advised that an adjustment has been made to decrease the issue size to 3,366. This
adjustment will be effective from Friday, 23 December 2016. The warrant is exercisable only in accordance with the
terms and conditions as set out in the relevant offering circular.

 Copies of the offering circular may be obtained from:
         Investec Bank Limited
         100 Grayston Drive
         Sandown
         Sandton
         2196

 Copies of Warrant issue documentation can be located on:
         Internet: www.investecwarrants.com

 Place and Date of Incorporation of the Issuer:
         Incorporated in the Republic of South Africa
         Registration Number: 1969/004763/06
         Date of Incorporation: 31 March 1969


 For further information kindly contact:
          Investec Warrants
          Tel.: 0860 103 343
          E-mail: warrants@investec.co.za


 Sponsor:
            Investec Securities (Pty) Limited
            Member of the JSE
            Registration Number: 1972/008905/07

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