Variable Strike- Termination INVESTEC BANK LIMITED JSE SHARE CODE: HYPIVB JSE ISIN CODE: ZAE000081782 Investec Variable Strike Warrant: Distribution Payment of Terminated Variable Strike Warrant HYPIVB Share Adjusted Expiry Date Cover Call/Put Style JSE Code Exercise Ratio Price per Share Hyprop Investments R0.00 19/07/2016 1:1 Call European HYPIVB Limited ZAE000081782 As a result of the “Interest Distribution” an adjustment was made to the exercise price to ensure the financial position of the warrant holders is unprejudiced. Investec Bank Limited, as Issuers of the abovementioned warrant HYPIVB, would like to advise Holders, that due to the new adjusted exercise price of R0.00, effective 17 September 2012, HYPIVB was terminated and Holders are now entitled to receive the linked units at the new exercise price of R0.01, together with the balance of the cash payment being the R1.98 distribution less the R0.28 final pay down of the strike (equaling R1.69). This will automatically accrue to holders via instruction to STRATE. 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.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investecwarrants.com Sponsor Investec Securities Limited Member of the JSE Registration number. 1972/008905/06) ) Date: 19/09/2012 11:15:00 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.