Breached Barrier Announcement - CFRIHE INVESTEC BANK LIMITED NOTICE OF BARRIER FOR HOT ENHANCED DIVIDEND CFRIHE Share Compagnie Financiore Richemont SA Strike Price R79.00 Stop-Loss Level R89.00 Expiry Date 2016/09/28 Cover Ratio 1:1 Call/Put Call Style American Issue Size 1,000,000 JSE Code CFRIHE ISIN Code ZAE000210126 Investec Bank Limited, as Issuers of the CFRIHE Hot Enhanced Dividend Security (HOTEDs), would like to advise Holders that due to the breach of the stop loss level of R89.00 in the Underlying Share, as of close of business on Friday, 24 June 2016 the abovementioned HOTED has been terminated. Holders are now entitled to receive the Rebate Payment, represented by the number of HOTEDs 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 R79.00. This amount will automatically accrue to holders via instruction through STRATE. 27 June 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.co.za Sponsor Investec Securities (Pty) Ltd Member of the JSE Registration number. 1972/008905/07) Date: 27/06/2016 10:30:00 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.