INVESTEC BANK LIMITED - Termination of Variable Strike Warrant-SYCIVB

Termination of Variable Strike Warrant-SYCIVB

INVESTEC BANK LIMITED

TERMINATION OF VARIABLE STRIKE WARRANT-SYCIVB ON 10 July 2014


                                   SYCOM PROPERTY FUND MANAGERS
Share
                                   LIMITED

Strike price                       43 cents
Cover Ratio                        1:1
Call/Put                           Call
Style                              European

Expiry Date                        19/07/2016

Issue Size                         5,000,000

JSE Code                           SYCIVB ZAE000081824



On 27 March 2014 Acucap Properties Limited and Sycom Property Fund Managers Limited announced an offer by
Acucap Properties Limited to acquire all of the units of the Sycom Property Fund unit holders (“Sycom Units”) in
exchange for Acucap Properties Limited securities (“Acucap Securities”) in a ratio of 58 Acucap Securities for every
100 Sycom Units held.

Investec Bank Limited (“Investec”), as Issuer of the above Variable Strike Warrant hereby informs the holders of the
termination and delisting of SYCIVB on commencement of trade on Thursday 10 July 2014 (see the related securities
above).

Accordingly, the following pertinent dates should be noted:

Last Day to Trade:         Wednesday, 02 July 2014
Suspension Date:           Thursday, 03 July 2014
Record Date:               Wednesday, 09 July 2014
Payment Date:              Thursday, 10 July 2014

Investec will pay the current holders of SYCIVB the intrinsic value of 2517 cents per warrant held, calculated using the
closing price of the underlying SYC unit as at Friday 20 June 2014 of 2560 cents per unit less the Strike Price of 43
cents.

Investec further advises of the adjustments made to the Strike Price of the above-mentioned Variable Strike warrants
as a result of a Distribution of 88.12 cents (effective on 02 December 2013) and a Distribution of 95.16 cents (effective
on 23 June 2014).

02 July 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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