INVESTEC BANK LIMITED - Breached Barrier

Breached Barrier

INVESTEC BANK LIMITED

NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND BILIHL

Share                                BHP Biliton plc



Strike Price                         R 274.00
Stop-Loss Level                      R 311.00
Expiry Date                          2015/07/17
Cover Ratio                          1:1

Call/Put                             Call
Style                                American
Issue Size                           1,000,000
JSE Code                             ZAE000193025




Investec Bank Limited, as Issuers of the above BILIHL, Hot Enhanced Distribution Security (HOT EDS), advised
Holders that due to the breach of the stop loss level of R311.00 in the Underlying Share, as of close of business
Monday, 01 October 2014 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been
terminated.

The Rebate Payment, represented by the number of HOT EDS 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 R274.00 This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on, 02 October 2014 = R 304.608438
The VWAP on, 03October 2014 = R 300.176914
The simple average of the 2 day VWAP = R 302.392676

Holders will receive R 28.392676 for every warrant held.



06 October 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.investecwarrants.com

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

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