INVESTEC BANK LIMITED - Expiry Notice - ESPIBZ - 1st Announcement

Expiry Notice - ESPIBZ - 1st Announcement

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)


 Share                                S&P 500 Index



 Strike Price                         1341.45
 Expiry Date                          25/01/2016
 Cover Ratio                          1:1

 Call/Put                             Put
 Style                                Other Bermudan
 Issue Size                           4,172
 JSE Code                             ESPIBZ ZAE000169546



Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their imminent option expiry on 25 January 2016 (see the related securities above).

In the event that the Put Strike Price of the Put exceeds the Final Reference Price on the Expiry Date, the Put Option
will be automatically exercised and the Holders will sell the Holder Underlying Securities to the Issuer, and the Put Strike
Price will automatically accrue to the Holder via instruction through STRATE on 02 February 2016.

In the event that the Final Reference Price exceeds the Put Strike Price on the Expiry Date the Put Option shall expire
out of the money, and Holders will be obliged to pay the Premium to the Issuer. The Issuer will sell so many of the Holder
Underlying Securities required to settle the Premium and the Holder will then be entitled to delivery of the balance of the
Holder Underlying Securities, through STRATE on 02 February 2016.



Holders of ESPIBZ will be notified on Tuesday, 26 January 2016.

18 December 2015

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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