INVESTEC BANK LIMITED - Rebate Notice - MTNIHN

Rebate Notice - MTNIHN

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND MTNIHN

Share                                             MTN Group Limited



Strike Price                                      R94.00
Stop-Loss Level                                   R106.00
Expiry Date                                       2018/09/08
Cover Ratio                                       1:1

Call/Put                                          Call
Style                                             American
Issue Size                                        1 949 000
JSE Code                                          MTNIHN
ISIN Code                                         ZAE000249082



Investec Bank Limited, as Issuers of the MTNIHN Hot Enhanced Dividend Security (HOTEDs), advised holders that
due to the breach of the stop loss level of R106.00 in the Underlying Share, as of close of business on Wednesday,
27 June 2018 the abovementioned HOTED was terminated.

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 R94.00. This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on 28 June 2018 = R104.5128
The VWAP on 29 June 2018 = R107.4188
The simple average of the 2 day VWAP = R105.9658

Holders will receive R11.9658 for every warrant held.

2 July 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.investec.co.za

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

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