INVESTEC BANK LIMITED - Expiry Announcement - VODIHC

Expiry Announcement - VODIHC

INVESTEC BANK LIMITED

EXPIRY OF HOT ENHANCED DIVIDEND SECURITIES 20 MAY 2016



Share                                 Vodacom Group Limited

Strike Price                          R 110.00
Stop-Loss Level                       R 124.00
Expiry Date                           20/05/2016
Cover Ratio                           1:1
Call/Put                              Call
Style                                 American
Issue Size                            460,000
JSE Code                              VODIHC
ISIN Code                             ZAE000205076


Investec Bank Limited (“Investec”), as Issuers of the above Hot Enhanced Dividend Securities (HotEDS), hereby
reminds holders of their imminent option expiry on 20 May 2016 (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, 16 May 2016. 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 Tuesday, 17 May 2016). 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.


9 May 2016

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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