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INVESTEC BANK LIMITED - Expiry Announcement- TONIDI

Release Date: 13/02/2013 13:23
Code(s): INVS     PDF:  
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Expiry Announcement- TONIDI

INVESTEC BANK LIMITED - EXPIRY OF ENHANCED DIVIDEND SECURITIES 8 FEBRUARY 2013



Share                              Tongaat Hulett Limited



Strike Price                       R57.00
Stop-Loss Level                    R78.00
Expiry Date                        08/02/2013
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         27,000
JSE Code                           TONIDI ZAE000164307


Investec Bank Limited, as Issuers of the above Enhanced Dividend Securities (EDS), notified holders of their option
expiry which occurred on 8 February 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 11 February 2013 = 13942 cents
The VWAP on 12 February 2013 = 13920.6 cents
The simple average of the 2 day VWAP = 13931.3 cents

Holders will receive 8231.3 cents for every warrant held

Date: 13 February 2013

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: 13/02/2013 01:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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