INVESTEC BANK LIMITED - CANCELLATION OF S333945 Expiry Announcement

CANCELLATION OF S333945 Expiry Announcement

INVESTEC BANK LIMITED - EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 25 JULY 2013


Share                      BHP Billiton Plc                    Growthpoint Properties Limited



Strike Price               R176.00                             R18.00
Stop-Loss Level            R200.00                             R20.00
Expiry Date                25/07/2013                          25/07/2013
Cover Ratio                1:1                                 1:1

Call/Put                   Call                                Call
Style                      American                            American
Issue Size                 1,200,000                           1,000,000
JSE Code                   BILIHJ ZAE000169413                 GRTIHA ZAE000169405


Share                      Compagnie Financiore Richemont SA   Imperial Holdings Limited
Strike Price               R33.00                              R134.00
Stop-Loss Level            R37.00                              R152.00
Expiry Date                25/07/2013                          25/07/2013
Cover Ratio                1:1                                 1:1

Call/Put                   Call                                Call
Style                      American                            American
Issue Size                 3,600,000                           250,000
JSE Code                   CFRIHA ZAE000169447                 IPLIHD ZAE000169421


Share                      Kumba Iron Ore Limited              Naspers Limited
Strike Price               R411.00                             R333.00
Stop-Loss Level            R466.00                             R377.00
Expiry Date                25/07/2013                          25/07/2013
Cover Ratio                1:1                                 1:1

Call/Put                   Call                                Call
Style                      American                            American
Issue Size                 190,000                             540,000
JSE Code                   KIOIHA ZAE000169454                 NPNIHA ZAE000169462


Share                      Remgro Limited



Strike Price               R109.00
Stop-Loss Level            R124.00
Expiry Date                25/07/2013
Cover Ratio                1:1

Call/Put                   Call
Style                      American
Issue Size                 300,000
JSE Code                   REMIHH ZAE000170387
Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 25 July 2013 (see the related securities above).

1.          Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
            underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.

2.          Should holders choose to expire the “Existing” HotEDS they should notify the Investec Equity Derivatives
                                                   th
            Desk before 12:00 hours, Friday, 19 July 2013. The “Existing” HotEDS will expire at full intrinsic value on
            the respective expiry date. A cash settlement amount representing the number of HotEDS held on that
            date multiplied by the excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the
            Underlying Parcel over the two Business Days following the Expiry Date, over the Exercise Price (Strike
            Price) will automatically accrue to the holder via instruction through STRATE.

3.          Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
            Hot EDS and sell the “New” Hot EDS. (The “New” Hot EDS, which will list on Monday, 22 July 2013) This
            will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic value
            inherent to the “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.

11 July 2013

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) Limited
          Member of the JSE
          Registration number. 1972/008905/07)

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