Adjustment Announcement - TOPIBA and TOPIBP INVESTEC BANK LIMITED ADJUSTMENT TO THE STRIKE LEVEL OF INDEX WARRANTS JSE SHARE CODE: TOPIBA JSE ISIN CODE: ZAE000217550 Share FTSE/JSE TOP40 New Strike Price 53 000 Expiry Date 2016/11/30 Cover Ratio 250:1 Call/Put Call Style European Issue Size 100 000 000 JSE Code TOPIBA ISIN Code ZAE000217550 JSE SHARE CODE: TOPIBP JSE ISIN CODE: ZAE000217568 Share FTSE/JSE TOP40 New Strike Price 45 000 Expiry Date 2016/11/30 Cover Ratio 250:1 Call/Put Put Style European Issue Size 100 000 000 JSE Code TOPIBP ISIN Code ZAE000217568 Please be advised that adjustments have been made to the Strike prices of TOPIBA and TOPIBP which listed on 21 April 2016. This adjustment will be effective from Thursday, 02 June 2016. The warrant is exercisable only in accordance with the terms and conditions as set out in the relevant offering circular. 01 June 2016 Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 Copies of Warrant issue documentation can be located on: Internet: www.investecwarrants.com Place and Date of Incorporation of the Issuer: Incorporated in the Republic of South Africa Registration Number: 1969/004763/06 Date of Incorporation: 31 March 1969 For further information kindly contact: Investec Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Sponsor: Investec Securities Limited Member of the JSE Registration Number: 1972/008905/06 Date: 01/06/2016 10:06:00 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.