INVESTEC BANK LIMITED - Breached Barrier - KIOIHD

Breached Barrier - KIOIHD

INVESTEC BANK LIMITED

NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND KIOIHD

Share                              Kumba Iron Ore Limited



Strike Price                       R281.00
Stop-Loss Level                    R318.00
Expiry Date                        2015/04/17
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         200,000
JSE Code                           ZAE000190740



Investec Bank Limited, as Issuers of the above KIOIHD, Hot Enhanced Dividend Security (HOTEDs), would like to
advise Holders that due to the breach of the stop loss level of R318.00 in the Underlying Share, as of close of
business Tuesday, 2 September 2014 the abovementioned HOTED has been terminated.

Holders are now entitled to receive the Rebate Payment, represented by the number of HOTEDs held on the
termination 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 Termination Date over the Exercise Price (Strike
Price) of R281.00. This amount will automatically accrue to holders via instruction through STRATE.

3 September 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.co.za

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

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