INVESTEC BANK LIMITED - Breached Barrier - IPLIHE

Breached Barrier - IPLIHE

INVESTEC BANK LIMITED – NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND IPLIHE

Share                              Imperial Holdings Limited




Strike Price                       R157.00
Stop-Loss Level                    R178.00
Expiry Date                        2014/07/23
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         350,000
JSE Code                           ZAE000180956



Investec Bank Limited, as Issuers of the above IPLIHE, Hot Enhanced Dividend Security (HOTEDs), would like to
advise Holders that due to the breach of the stop loss level of R178.00 in the Underlying Share, as of close of
business Monday, 03 February 2014 the abovementioned HOTED has been terminated.

Holders are now entitled to receive the Rebate Payment, represented by the number of HOTEDs held on the
termination 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 Termination Date over the Exercise Price (Strike
Price) of R157.00. This amount will automatically accrue to holders via instruction through STRATE.




04 February 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.co.za

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

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