INVESTEC BANK LIMITED - Expiry Announcement - BTIIHE, NPNIHD and REMIHK

Expiry Announcement - BTIIHE, NPNIHD and REMIHK

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 08 JULY 2016



Share                                 BRITISH AMERICAN TOBACCO PLC

Strike Price                          R 506.00
Stop-Loss Level                       R 574.00
Expiry Date                           08/07/2016
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            180,000
JSE Code                              BTIIHE
ISIN Code                             ZAE000207221



Share                                 NASPERS LIMITED

Strike Price                          R 1273.00
Stop-Loss Level                       R .1442.00
Expiry Date                           08/07/2016
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            450,000
JSE Code                              NPNIHD
ISIN Code                             ZAE000207239



Share                                 REMGRO LIMITED

Strike Price                          R 188.00
Stop-Loss Level                       R 213.00
Expiry Date                           08/07/2016
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            320,000
JSE Code                              REMIHK
ISIN Code                             ZAE000207247




Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 08 July 2016 (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
           Desk before 12:00 hours, Tuesday, 05 July 2016. 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 Wednesday, 06 July 2016).
           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.


29 June 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.investec.com

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

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