INVESTEC BANK LIMITED - Expiry Announcement- SBKIHF

Expiry Announcement- SBKIHF

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



Share                              Standard Bank Group Limited



Strike Price                       R80.00
Stop-Loss Level                    R91.00
Expiry Date                        08/02/2013
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         1,250,000
JSE Code                           SBKIHF ZAE000164315


Investec Bank Limited, as Issuers of the above Hot Enhanced Dividend Securities (HOTEDS), notified holders of their
option expiry which occurred on 8 February 2013 (see the related securities above).

Holders who chose to expire the “Existing” HOTEDS will receive the full intrinsic value thereof. A cash settlement
amount representing the number of HOTEDS 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 = 11788.5 cents
The VWAP on 12 February 2013 = 11724.1 cents
The simple average of the 2 day VWAP = 11756.3 cents

Holders will receive 3756.3 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)

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