INVESTEC BANK LIMITED - IPLIHF- expiry announcement

IPLIHF- expiry announcement

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 27 FEBRUARY 2015



Share                                  IMPERIAL HOLDINGS LIMITED

Strike Price                           R 124.70
Stop-Loss Level                        R 141.35
Expiry Date                            27/02/2015
Cover Ratio                            1:1
Call/Put                               Call
Style                                  American
Issue Size                             300 000
JSE Code                               IPLIHF
ISIN Code                              ZAE000188827


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 27 February 2015 (see the related securities above).

1.             Holders may choose to exercise and pay the Exercise Price (Strike Price) in order to receive the
               underlying securities on or before 12:00 hours, one business day prior to the Expiry Date.

2.             Should holders choose to expire the “Existing” HotEDS they should notify the Investec Equity Derivatives
               Desk before 12:00 hours, Monday, 23 February 2015. The “Existing” HotEDS will expire at full intrinsic
               value on the respective expiry date. A cash settlement amount representing the number of HotEDS held
               on that 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.

3.             Should holders not choose either option 1 or 2, Investec will make arrangement to buy-back the “Existing”
               Hot EDS and sell the “New” Hot EDS. (The “New” Hot EDS, which will list on Thursday, 26 February 2015).
               This will be done on an optimal ratio basis, a cash distribution of any difference between the intrinsic value
               inherent to the “Existing” Hot EDS and the “New” Hot EDS will accrue to the client.




19 February 2015

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)

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