NPNIDE- 2 Day VWAP INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 14 January 2013 Share Naspers Limited Strike Price R194.00 Stop-Loss Level R265.00 Expiry Date 14/01/2013 Cover Ratio 1:1 Call/Put Call Style American Issue Size 550,000 JSE Code NPNIDE ZAE000163291 Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities (EDS), notified holders of their option expiry which occurred on 14 January 2013 (see the related securities above). Holders who chose to expire the “Existing” EDS will receive the full intrinsic value thereof. A cash settlement amount representing the number of EDS held on the expiry date multiplied by the excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Parcel over the two Business Days following the Expiry Date, over the Exercise Price (Strike Price) will automatically accrue to the holder via instruction through STRATE. The VWAP on 15 January 2013 = 53704.9 cents The VWAP on 16 January 2013 = 54928 cents The simple average of the 2 day VWAP = 54316.45 cents Holders will receive 34916.45 cents 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.com Sponsor Investec Securities Limited Member of the JSE Registration number. 1972/008905/06) Date: 17/01/2013 11:40:00 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.