Expiry Announcement - SPXIIB

INVESTEC BANK LIMITED - EXPIRY OF SPXIIB AUTOCALL INDEX WARRANTS (AUTOCALLS) 02 JULY 2012


Index                              S&P500A'



Strike Price                       1320.64
Expiry Date                        01/07/2017
Cover Ratio                        1:1

Call/Put/Other                     Other
Style                              Bermudan
Issue Size                         37347


JSE Code                           SPXIIB ZAE000158341




Investec Bank Limited, as Issuers of the above Autocall Index Warrants (Autocalls), hereby notifies holders of their
automatic option expiry which occurred on 02 July 2012 (see the related securities above).


On 02 July 2012 (the Valuation and Exercise Date), the Index Level was 1365.51, therefore the Autocalls automatically
exercise and expire on the 03 July 2012, and the Holders are entitled to a Cash Settlement Amount determined as
follows:

Reference Amount x 107.50% x CCF

Reference Amount = 756.00/ 6.75
CCF = 8.1275


The Cash Settlement Amount per Autocall held on 02 July 2012will automatically accrue to the holder via instruction
through STRATE.


Holders who elect to receive the Cash Settlement Amount will receive R978.55 on 10 July 2012 for every warrant held.


Holders may also elect not to receive the Cash Settlement Amount and to receive the new S&P 500 linked Warrants to
                       th
be listed before the 26 July 2012.


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 Limited
          Member of the JSE
          Registration number. 1972/008905/06)

Date: 04/07/2012 07:05:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.