INVESTEC BANK LIMITED - Notice of Rebate - SABIHH

Notice of Rebate - SABIHH

INVESTEC BANK LIMITED

NOTICE OF REBATE

Share                              SAB Miller PLC



Strike Price                       R481.00
Stop-Loss Level                    R545.00
Expiry Date                        19/04/2016
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         350,000
JSE Code                           SABIHH

ISIN Code                          ZAE000203634



Investec Bank Limited, as Issuers of the above SABIHH Hot Enhanced Distribution Security (HOT EDS), advised
Holders that the abovementioned Hot Enhanced Distribution Security (HOT EDS) expired on 19 April 2016.

The Rebate Payment, represented by the number of HOT EDS 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 Expiration Date over the Exercise Price (Strike Price) of R481.00 This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 20 April 2016 = R 872.7617
The VWAP on, 21 April 2016 = R 870.3303
The simple average of the 2 day VWAP = R871.546

Holders will receive R390.546 for every warrant held.

25 April 2016

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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