INVESTEC BANK LIMITED - Exipry Announcement: ESPIBR

Exipry Announcement: ESPIBR

INVESTEC BANK LIMITED

EXPIRY OF EQUITY STRUCTURED PRODUCTS (ESP)



                                  Old Position (ESPIBR)                     New Position (ESPIBG)

Share                               db-x trackers MSCI USA Index ETF          db-x trackers MSCI USA Index ETF

Strike Price                        1448.2259                                 2104.27
Expiry Date                         23/04/2014                                20/07/2017
Cover Ratio                         1:1                                       1:1

Call/Put                            Put                                       Put
Style                               European                                  European
Issue Size                          10,816                                    10,103
JSE Code                            ESPIBR ZAE000156279                       ESPIBG ZAE


Investec Bank Limited (“Investec”), as Issuer of the above Equity Structured Product (ESP), hereby reminds holders of
their option expiry which occurred on 23 April 2014 (see the related securities above).

The Put Strike Price of the Put exceeded the Final Reference Price on the Expiry Date and hence the Put Option
expired in the money. As a result thereof, the Holder will sell the Underlying Securities to the Issuer and the Put Strike
Price of R22,313.68 per ESPIBR will automatically accrue to the Holder via instruction through STRATE on 02 May
2014.

Holders that have elected and requested the Issuer to utilize the abovementioned settlement amount to reinvest into a
new quantity of new ESPs shall receive one (1) new ESPIBG, to be listed on 2 May 2014, for every ESPIBR held. The
Holders’ new positions in ESPIBG following the expiry of ESPIBR will be allocated on 02 May 2014.

Date: 24 April 2014

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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