Breached Barrier- BILIRT INVESTEC BANK LIMITED – NOTICE OF BARRIER FOR BARRIER PUT WARRANT BILIRT Share BHP Billiton Plc Strike Price R354.00 Stop-Loss Level R295.00 Expiry Date 14/01/2013 Cover Ratio 1:1 Call/Put Put Style European Issue Size 1,150,000 JSE Code BILIRT ZAE000163275 Investec Bank Limited, as Issuers of the above BILIRT, Barrier Put Warrant (REVS), would like to advise Holders that due to the breach of the stop loss level of R295.00 in the Underlying Share, as of close of business Tuesday, 18 December 2012 the abovementioned REV 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, 19 December 2012 = 29927.6 cents The VWAP on, 20 December 2012 = 29995.7 cents The simple average of the 2 day VWAP = 29961.65 cents Holders will receive R54.3835 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.investec.co.za Sponsor Investec Securities Limited Member of the JSE Registration number. 1972/008905/06) Date: 21/12/2012 11:30:00 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.