INVESTEC BANK LIMITED - Breached Barrier- Rebate Payment

Breached Barrier- Rebate Payment

INVESTEC BANK LIMITED – NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND SECURITIES – EXXIHA


Share                              Exxaro Resources Limited



Strike Price                       R130.00
Stop-Loss Level                    R147.00
Expiry Date                        25/07/2013
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         330,000
JSE Code                           EXXIHA ZAE000169439




Investec Bank Limited, as Issuers of the above EXXIHA, Hot Enhanced Distribution Security (HOT EDS), advised
Holders that due to the breach of the stop loss level of R147.00 in the Underlying Share, as of close of business
Wednesday, 5 September 2012 the abovementioned Hot Enhanced Distribution Security (HOT EDS) has been
terminated.

The Rebate Payment, represented by the number of HOT EDS 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 R130.00 This amount
will automatically accrue to holders via instruction through STRATE.

The VWAP on, 6 September 2012 = 14849 cents
The VWAP on, 7 September 2012 = 15511.7 cents
The simple average of the 2 day VWAP = 15180.35 cents

Holders will receive R21.8035 for every warrant held.



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

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