INVESTEC BANK LIMITED - NPNIHF- Expiry

NPNIHF- Expiry

INVESTEC BANK LIMITED

NOTICE OF REBATE



Share                              NASPERS LIMITED

Strike Price                       R 1860.00
Stop-Loss Level                    R 2108.00
Expiry Date                        18/07/2018
Cover Ratio                        1:1
Call/Put                           Call
Style                              American
Issue Size                         300,000
JSE Code                           NPNIHF
ISIN Code                          ZAE000246880




Investec Bank Limited, as Issuers of the above NPNIHF Hot Enhanced Distribution Security (“HotEDs”), advised
holders that the HotEds expired on 18 July 2018.

The Rebate Payment, represented by the number of HotEDS held on the expiry 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 Expiry Date over the Exercise Price (Strike Price) of R 1860.00. This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 19 June 2018 = R 3345.53
The VWAP on, 20 June 2018 = R 3438.06
The simple average of the 2 day VWAP = R 3391.795
Holders will receive R1531.795 for every warrant held.



23 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.investecwarrants.com

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

Date: 23/07/2018 01:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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