INVESTEC BANK LIMITED - Notice of Rebate - RDFIHH

Notice of Rebate - RDFIHH

INVESTEC BANK LIMITED
NOTICE OF REBATE FOR HOT ENHANCED DIVIDEND RDFIHH

Share                              Redefine Properties Limited



Strike Price                       R8.10
Stop-Loss Level                    R9.18
Expiry Date                        2016/01/15
Cover Ratio                        1:1

Call/Put                           Call
Style                              American
Issue Size                         2,100,000
JSE Code                           RDFIHH
ISIN Code                          ZAE000200861



Investec Bank Limited, as Issuers of the RDFIHH Hot Enhanced Dividend Security (HOTEDs), advised Holders
that due to the breach of the stop loss level of R9.18 in the Underlying Share, as of close of business on Thursday,
10 December 2015 the abovementioned HOTED was terminated.

The Rebate Payment, represented by the number of HOT EDS held on the termination date, multiplied by the
excess of the simple average of the Volume Weighted Average Price (“VWAP”) of the Underlying Share over the
two Business Days following the Termination Date over the Exercise Price (Strike Price) of R8.10 This amount will
automatically accrue to holders via instruction through STRATE.

The VWAP on, 11 December 2015 = R8.346739
The VWAP on, 14 December 2015 = R9.356598
The simple average of the 2 day VWAP = R8.85

Holders will receive R0.75 for every warrant held.

15 December 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.co.za

Sponsor
           Investec Securities (Pty) Ltd
           Member of the JSE
           Registration number. 1972/008905/07)

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