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SAPIDD - Investec Bank Limited - Rebate payment for enhanced dividend securities - SAPIDD INVESTEC BANK LIMITED - REBATE PAYMENT FOR ENHANCED DIVIDEND SECURITIES - SAPIDD Share Sappi Limited Strike Price R50.33 Stop-Loss Level R68.63 Expiry Date 21/05/2009 Cover Ratio 1:1 Call/Put Call Style American Issue Size 350,000 JSE Code SAPIDD ZAE000125027 Investec Bank Limited, as Issuers of the above SAPIDD, Enhanced Distribution Security (EDS), advised Holders that due to the breach of the stop loss level of R68.63 in the Underlying Share, as of close of business Monday, 06 October 2008 the abovementioned Enhanced Distribution Security (EDS) has been terminated. The Rebate Payment, represents the number of 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 R50.33. This amount will automatically accrue to holders via instruction through STRATE. The VWAP on Tuesday, 7 October 2008 = 6182.57cents The VWAP on Wednesday, 8 October 2008 = 6034.5 cents The simple average of the 2 day VWAP = 6108.54cents Rebate payment of 1075.54 cents Holders will receive R10.7554 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.investecwarrants.com Sponsor Investec Securities Limited Member of the JSE (Registration number. 1972/008905/06) Date: 09/10/2008 13:55:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
