INVESTEC BANK LIMITED - SHPIHG - Notice of rebate

SHPIHG - Notice of rebate

INVESTEC BANK LIMITED

NOTICE OF REBATE

Share                              Shoprite Holdings Limited



Strike Price                       R106.70
Stop-Loss Level                    R121.00
Expiry Date                        2015/02/27
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         600,000
JSE Code                           ZAE000188819




Investec Bank Limited, as Issuers of the above SHPIHG Hot Enhanced Distribution Security (HOT EDS), advised
Holders that the abovementioned Hot Enhanced Distribution Security (HOT EDS) expired on 27 February 2015.

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 R106.70 This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 2 March 2015 = 16560.7227 cents
The VWAP on, 3 March 2015 = 16647.1172 cents
The simple average of the 2 day VWAP = 16603.91995 cents

Holders will receive 5933.91995 cents for every warrant held.

4 March 2015

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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