Termination of Variable Strike Warrant-SYCIVB INVESTEC BANK LIMITED TERMINATION OF VARIABLE STRIKE WARRANT-SYCIVB ON 10 July 2014 SYCOM PROPERTY FUND MANAGERS Share LIMITED Strike price 43 cents Cover Ratio 1:1 Call/Put Call Style European Expiry Date 19/07/2016 Issue Size 5,000,000 JSE Code SYCIVB ZAE000081824 On 27 March 2014 Acucap Properties Limited and Sycom Property Fund Managers Limited announced an offer by Acucap Properties Limited to acquire all of the units of the Sycom Property Fund unit holders (“Sycom Units”) in exchange for Acucap Properties Limited securities (“Acucap Securities”) in a ratio of 58 Acucap Securities for every 100 Sycom Units held. Investec Bank Limited (“Investec”), as Issuer of the above Variable Strike Warrant hereby informs the holders of the termination and delisting of SYCIVB on commencement of trade on Thursday 10 July 2014 (see the related securities above). Accordingly, the following pertinent dates should be noted: Last Day to Trade: Wednesday, 02 July 2014 Suspension Date: Thursday, 03 July 2014 Record Date: Wednesday, 09 July 2014 Payment Date: Thursday, 10 July 2014 Investec will pay the current holders of SYCIVB the intrinsic value of 2517 cents per warrant held, calculated using the closing price of the underlying SYC unit as at Friday 20 June 2014 of 2560 cents per unit less the Strike Price of 43 cents. Investec further advises of the adjustments made to the Strike Price of the above-mentioned Variable Strike warrants as a result of a Distribution of 88.12 cents (effective on 02 December 2013) and a Distribution of 95.16 cents (effective on 23 June 2014). 02 July 2014 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 (Pty) Ltd Member of the JSE Registration number. 1972/008905/07) Date: 02/07/2014 05:13:00 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.