INVESTEC BANK LIMITED - Expiry Of Enhanced Dividend Securities

Expiry Of Enhanced Dividend Securities

INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 26 October 2012



Share                              British American Tobacco Plc



Strike Price                       R200.00
Stop-Loss Level                    R270.00
Expiry Date                        26/10/2012
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         200,000
JSE Code                           BTIIDA ZAE000161964



Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities (EDS), notified holders of their option
expiry which occurred on 26 October 2012 (see the related securities above).

Holders who chose to expire the “Existing” EDS will receive the full intrinsic value thereof. A cash settlement amount
representing the number of EDS held on the expiry 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.

The VWAP on 29 October 2012 = 43718.4 cents
The VWAP on 30 October 2012 = 43499.5 cents
The simple average of the 2 day VWAP = 43608.95 cents

Holders will receive 23608.95 cents for every warrant held



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 Limited
           Member of the JSE
           Registration number. 1972/008905/06)

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