INVESTEC BANK LIMITED - SHPIHI - Notice of Rebate

SHPIHI - Notice of Rebate

INVESTEC BANK LIMITED

NOTICE OF REBATE


Share                              Shoprite Holdings Limited


Strike Price                       R160.00
Stop-Loss Level                    R 182.00
Expiry Date                        2018/09/14
Cover Ratio                        1:1
Call/Put                           Call
Style                              American
Issue Size                         486 000
JSE Code                           SHPIHI
ISIN Code                          ZAE000249090


Investec Bank Limited, as Issuers of the above SHPIHI Hot Enhanced Distribution Security (HotEDS), advised
holders that the abovementioned Hot Enhanced Distribution Security (HotEDS) were due to expire on 14
September 2018.

The Rebate Payment, represented by the number of HotEDS held on the expiry date, multiplied by the excess of
the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Share over the two
Business Days following the Expiry Date over the Exercise Price (Strike Price) of R 160.00. This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 17 September 2018 = R 190.080036
The VWAP on, 18 September 2018 = R 190.321329
The simple average of the 2 day VWAP = R 190.2006825

Holders will receive R 30.2006 for every warrant held.

19 September 2018

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.investecwarrants.com

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

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